Secondary Market: The secondary market was active during Friday’s trading session. Bond turnover stood at KES 572.7 million as market players benefited from robust liquidity in the money market. Infrastructure bonds represented a bulk of trading last week as investors readjusted their portfolios.
Money Market: The monetary regulator intervened in the money market to mop-up excess liquidity worth KES 11 Bn. End of the week saw a continuation in marginal strengthening of the Kenyan Shilling (KES) against the US dollar (USD), with the USDKES exchange rate at 105.35 (1.30Pm GMT) despite the positive economic data (PPI) from the US.
Upcoming Auctions
- 9th September 2015 – KES 3.0Bn 182 & KES 4.0BN 364-day T-bills
- 10th September 2015 – KES 1 Bn 91 day T-bills
