Daily Market Brief
Stock prices rose by 0.5%, driven by gains in the Energy and Petroleum (1.1%) and Telecommunication (0.8%) sectors. Despite this, key market indices declined, with the NSE 10, NSE 20, NSE 25, and Banking Index falling by 0.1%, 0.4%, 0.1%, and 0.3%, respectively.
Value traded declined by 60.6% to KES 558.98Mn from KES 1,409.57Mn, due to a 61.3% decline in volume traded to 16.61Mn shares from 42.95Mn shares.
Equity Group emerged as the day’s top mover with a turnover of 180.79Mn, followed by KCB Group and Safaricom with KES 100.89Mn and KES 91.58Mn in turnover, respectively.
Foreign activity shrank to 30.4% with a net foreign outflow of KES 244.21Mn, largely driven by Equity Group, KCB Group and Safaricom, which recorded net outflows of KES 132.23Mn, KES 68.63Mn and KES 39.50Mn respectively.
Secondary bond turnover fell by 31.5% to KES 9.72Bn from KES 14.19Bn, while the number of deals traded declined by 5.5% to 188 from 199. IFB1/2018/15yr was the most traded bond, recording KES 1.92Bn in turnover.
CBK reopened FXD3/2019/015yrs (7.8 years, 12.3400% coupon) and FXD1/2026/030yrs (29.5 years, 12.500%coupon) for the month of November, targeting 50Bn from the market. The primary auction is scheduled for Wednesday 4th November 2026.
