Weekly Market Wrap Up: How The Stocks Fared On

Stock Market

Weekly equity turnover dropped 40.3 percent w-o-w to close at USD 31.67 million (3.57 billion shillings).

NSE 20 and  NASI shed 2.5 percent and 2.9 percent to close at 1,839.46 and 160.03, respectively.

Foreign investors assumed a net selling position by accounting for 60.7 percent of total market purchases and 78.7 percent of total market sales.

Fixed Income

Weekly bond turnover dropped 49.5 percent w-o-w to close at USD 81.97 million (9.23 billion shillings).

FTSE Bond Index declined 0.1 percent w-o-w to close at 96.47.

91-day, 182-day, and 364-day T-bill yields gained 5 bps, 2 bps, and 7 bps to close at 7.232, 7.854, and 9.016 percent, respectively.

Macro Metrics

USD|KES: KES weakened 0.2 percent w-o-w to close at 112.63 (-3.2 percent year-to-date).

FX Reserve: Import cover fell 0.4 percent w-o-w to close at 5.34 months (+12.2 percent year-to-date).