Daily Market Brief
Equity market recorded a 0.6% improvement as measured by the Nairobi All Shares Index. This was largely attributed by activity improvements on Safaricom.
Shares traded spiked by 298.0% from 16.05Mn to 63.90Mn shares resulting in a significant improvement in turnover from KES 441.55Mn to KES 1868.02Mn with Safaricom contributing the most.
The market surge emanated Safaricom which transacted 40.61Mn shares of KES 1,149.38Mn accounting for 63.6% and 61.5% of the market volumes and value traded, respectively. The telco recorded heavy foreign sales of 88.0% and 10.1% foreign buys implying a heavy local uptake of the stock.
Foreign activities remained relatively stable at 41.8% with a spike in net foreign outflows of KES 1,190.08Mn compared to 41.6% average to an outflow of KES 74.01Mn traded the day before.
Secondary bonds recorded an improvement of 7.9% in the value traded from KES 14.88Bn to KES 16.06Bn with FXD1/2021/20Yr recording the highest value traded for the day.
The Central Bank of Kenya re-opened two papers for November’s primary auction, FXD1/2012/020 (7.0- years, 12.000% coupon) and FXD1/2022/015 (11.4-years, 13.942% coupon). CBK also announced a Buyback offer for FXD1/2023/003 (6.7-Months – maturing on 11th May 2026).
