Secondary Market: Trading in the secondary market remained subdued as investors shifted focus to the primary auction of the 91-day paper yesterday, which attracted subscription levels of over 800%. Meanwhile, bond turnover in the secondary market tapered by 71% to 174.45 million on the back of seven bond deals. All the deals processed yesterday were odd lots.
Money Market: The money market remained relatively liquid with little fluctuation in the interbank rate. Thursday’s trading session saw the shilling perform on a mixed reaction against its regional and international peers.
The KES shed 0.39% against the US Dollar to 101.90 as new US economic growth data indicated an expansion of 1.5% in the third quarter.
Upcoming Auctions
- 4th November 2015 – KES 4.0Bn 182-day T-bills & KES 4.0Bn 364-day T-bills
- 5th November 2015 – KES 4.0Bn 91-day T-bills