Secondary Market: The week closed on a positive note supported by an upscale in secondary market trading.
Bond turnover multiplied by 72.19% to KES 515.60 million with a sum of 10 bond deals transacted. Diaspora remittances increased by 3.2% in the month of August to USD 132.9 million.
Money Market: The Kenyan shilling tallied significant gains against the US dollar, allowing the former to better weather the inevitable end-month dollar demand. The Kenyan shilling recorded a 0.13% gain against the US Dollar, to 103.00, supported by Kenya Central Bank’s overall participation in the market through the week and poor economic data from the United States; less than expected export price index, were released on Friday. Meanwhile, liquidity in the money market remained relatively tight.
Upcoming Auctions
- 14th October 2015 – KES 4.0Bn 182 & KES 4.0BN 364-day T-bills.
- 15th October 2015 – KES 4 Bn 91 day T-bills