Daily Market Brief
The market edged up by 0.2%, largely supported by the Telecommunication sector (1.1%). NSE 10 and NSE 25 remained relatively stable while NSE 20 and the banking index declined by 0.3% each. Week on week the overall market edged up by 1.4% with all other indices recording declines.
Volume traded fell by 6.3% to 14.11Mn shares leading to a 43.6% decline in equities turnover to KES 288.35Mn.
Kenya Pipeline emerged the day’s top mover with KES 84.40Mn in turnover followed by Equity Group and KCB Group with a turnover of KES 68.40Mn and KES 23.29Mn.
Foreign activity narrowed to 11.2% from 43.9% with a net foreign outflow of KES 17.62Mn.
Secondary bond value traded fell by 16.5% to KES 8.19Bn, driven by a decline in the number of deals traded by 3.9% to 196 deals. IFB1/2018/15Yr was the most traded paper with a turnover of KES 2.52Bn.
CBK reopened two more papers for the month of November, FXD3/2019/015(7.8 years, 12.340% coupon) and FXD1/2026/030(29.5years, 12.500% coupon), targeting 50Bn from the market. The primary auction is scheduled for 4th November 2026.
