Secondary Market Turnover Spikes To KES 573.88Mn But Still Subdued
The secondary market turnover, although at subdued levels, rose to 573.88 million shillings in Thursday’s session on the back of an infrastructure bond trade.
As per the expectation of many market analysts, the TAP Sale did not attain the quantum on offer of 13.84 billion shillings, receiving only 6.62 billion shillings.
T-Bills had an overall 65.03 percent performance rate which analysts at Genghis Capital attribute to thin investor activity in the holiday season.
The local unit remained stable against the USD at 101.82.
See the image below for a breakdown through key market stats:
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