Daily Market Brief
The overall market fell 0.6% as measured by the Nairobi All Share Index. NSE 25 counter contracted by 0.9% followed by NSE 10 and NSE 20 counters with a drop of 0.5% and 0.3% respectively. Banks recorded a 0.2% decline on average.
Shares traded dwindled by 14.5% from 19.09Mn to 16.31Mn shares resulting in a drop in the day’s turnover from KES 600.28Mn to KES 515.92Mn.
Equity group emerged as the top mover with KES 217.68Mn in turnover followed by Safaricom and KCB Group with turnovers of KES 153.11Mn and KES 45.87Mn respectively.
Foreign activity grew to 38.1% with a net foreign outflow of KES 89.41Mn. Major net foreign inflows happened on Stanbic while net foreign outflows happened on Equity Group, Safaricom and KCB Group.
Secondary bonds’ turnover rose by 6.4% from KES9.55Bn to KES 10.16Bn while the number of deals rose by 61.0% from 123 to 198. IFB/2022/19yr, an infrastructure bond, was the most traded despite its yield rising from 12.6519 to 12.7350.
The Central Bank of Kenya re-opened two papers for January 2026 primary auction, FXD1/2019/020 (13.2-years, 12.873% coupon) and FXD1/2022/025 (21.8-years, 14.188% coupon), targeting KES 60Bn for budgetary support. At the same time, they announced a Switch of KES 20.00Bn from FXD1/2016/010 (0.6-years, 15.0390% coupon) to FXD1/2022/015 (11.3-years, 13.9420% coupon).
