Daily Market Brief
The overall market recorded a 0.5% expansion as measured by NASI. NSE 25 had the most gain of 0.9% followed by NSE 20 and NSE 10 counters with 0.6% and 0.1% improvements respectively. The banking sector had a 1.1% increment on average.
Shares traded contracted by 11.1% from 19.14Mn to 17.02Mn shares leading to a 10.0% decline in market turnover from KES 750.45Mn to KES 675.72Mn. Market focus was in the banking and manufacturing sectors with KES 360.69Mn and KES 199.28Mn in turnover respectively.
BAT was the day’s top mover with KES 157.90Mn in turnover. Absa Gold and Equity Group followed with KES 101.58Mn and KES 74.39Mn in turnover respectively.
Foreign activity dwindled to 11.7% whereas net foreign outflow drop from KES 273.12Mn to KES 161.05Mn. Kenya Power experienced a net foreign inflow as Absa Gold and EABL had net foreign outflows.
Secondary bonds’ turnover dipped by 1.7% from KES 17.69Bn to KES 17.39Bn as number of deals moved from 242 to 233. IFB1/2018/15yr, an infrastructure bond, was the most traded paper with KES 6.68Bn in turnover as its yield shifted up 34.30bps from 11.1269% to 11.4699%.
