Week’s Trading Session Opens with Robust Volumes Traded

Secondary Market: Trading in the secondary market accelerated on the back of a significant number of bond buyback transactions. Bond turnover multiplied to KES 3.54 billion with a sum of 29 bond deals transacted during the course of the day.
Money Market: The interbank rate opened the week’s trading session at an average of 13.39% with robust volumes traded. We expect liquidity in the money market to remain relatively liquid over the course of the week, however, liquidity distribution may be skewed in favor of a few banks. The Kenyan shilling registered gains against the US Dollar (USD) by 0.11% to 102.15 as inflows continue to prop the shilling as investors seek to enter the fixed income segment that is registering high interest rate returns.

Upcoming Auctions

• 28th October 2015 – KES 4.0Bn 182-day T-bills & KES 4.0Bn 364-day T-bills

• 29th October 2015 – KES 4.0Bn 91-day T-bills