Daily Market Brief
The overall equity market rose by 0.7% on the last trading day of the year majorly driven by a 0.7% gain in the NSE 10 counter. NSE 25 improved by 0.6% whereas NSE 20 edged up by 0.8%. The banking sector grew by 0.7% on average.
Shares traded shrunk by 47.7% from 21.18Mn to 11.07Mn pushing the day’s turnover down from KES 440.58Mn to KES 140.24Mn. Market focus was mainly in the banking and insurance sector which had turnovers of KES 84.77Mn and KES 18.81Mn respectively.
NCBA Group emerged as the top mover of the day with KES 27.87Mn in turnover after 0.33Mn shares changed hands. Co-op Bank and Kenya Re were the 2nd and 3 rd top movers with turnovers of KES 21.99Mn and KES 17.63Mn respectively.
Foreign activity dwindled to 6.0% with net foreign outflows of KES 16.24Mn. Net foreign inflows happened on B.O.C Kenya while Co-op Bank and Equity Group experienced net foreign outflows.
Secondary bonds’ turnover decreased by 40.0% to KES 5.56Bn from KES 9.26Mn.FXD1/2023/10 was the most traded paper with a turnover of KES 1.15Bn followed by FXD1/2018/25 with KES1.13Bn in turnover.
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).
