Daily Market Brief
The overall market fell by 1.9% as measured by the Nairobi All Share Index. NSE 10 counter shrank the most by 1.7% followed by NSE 20 and NSE 25 counters with a drop of 1.0% and 1.5% respectively. The banking sector recorded a 1.0% decline on average.
Shares traded shrank by more than a half from 22.47Mn to 9.88Mn shares resulting in a decline in the day’s turnover from KES 572.48Mn to KES 179.28Mn. Market concentration was in the banking and energy sector which moved KES 118.10Mn and KES 29.35Mn in turnover respectively.
Diamond Trust Bank Kenya emerged as the top mover with KES 38.46Mn in turnover followed by KCB group and KenGen with turnovers of KES 18.46Mn and KES 16.49Mn respectively.
Foreign activity weakened to 6.4% while net foreign outflows dropped to KES 7.81Mn. Major net foreign inflows happened on Diamond Trust Bank Kenya while net foreign outflows happened on KCB Group, BAT and EABL.
Secondary bonds’ turnover more than doubled from KES6.50Bn to KES 14.34Bn after the two November papers entered the secondary market. FXD1/2022/25yr, one of the recent November papers, was the most traded.
