Daily Market Brief
Stocks were down marginally on Monday, 22nd September 2025, shedding 0.1% on average. NSE 10 stocks lost the most at 0.4% followed by NSE 25 with a 0.1% whereas the NSE 20 counters stabilized at 4,494.26 points.
Shares traded further declined at 40.5% from 18.89Mn to 11.23Mn shares to pull down the day’s turnover at 41.1% from KES 573.32Mn to KES 337.54Mn. Market focus remained on the Banking sector, the exchange traded funds and the manufacturing sectors which moved KES 202.20Mn, 90.37Mn and KES 54.20Mn to account for 59.9%, 26.8% and 16.1% of the market value respectively.
Banks rallied the market led by KCB Group, Absa Bank Kenya and Equity Group to occupy first three mover positions with KES 93.64Mn, KES 990.29Mn and KES 59.37Mn, respectively. Foreign activity dropped by half from 58.5% traded on Friday to an average of 29.9% on Monday on impact from a sustained foreign exits.
Secondary bonds market value traded dipped 47.4% from KES 8.35Mn to KES 4.39Bn held down by a focus to September’s primary papers entering the secondary market on Tuesday, 23rd September 2025, following today’s value settlement.
September’s second auction held last week saw a total of KES 97.29Bn being subscribed with the government accepting KES 61.44Bn to represent a 153.6% performance against a KES 40.00Bn target. The weighted average rate for accepted bid was within our conservative bidding level for FXD1/2018/020 and within the aggressive bidding rate for the FXD1/2022/025 paper.
