Stock Market
Weekly equity turnover dropped by 33.9 percent w-o-w to close at USD 14.09 MN (1.64 billion shillings). The NSE 20 and NASI fell by 3.8 percent and 5.1 percent w-o-w to close at 1,680.53 and 132.52, respectively.
Foreign investors assumed a net selling position by accounting for 31.9% of total market purchases and 67.5% of total market sales.
Fixed Income
Weekly bond turnover declined by 17.2 percent w-o-w to close at USD 118.68 MN (13.81 billion shillings). The FTSE Bond Index gained 0.2 percent w-o-w to close at 94.82.
91-day, 182-day, and the 364-day t-bill yields rose by 8 bps, 11 bps, and 2 bps to close at 7.758, 8.832, and 9.879 percent, respectively.
Macro Metrics
USD|KES: KES weakened by 0.2 percent w-o-w to close at 116.41 (-2.9 percent year-to-date). The FX Reserve: Import cover eased by 1.0 percent w-o-w to close at 4.93 months (-8.5% year-to-date).
Upcoming Events
23 May-22 – FXD1/2018/15 Coupon Payment (Coupon Rate: 12.65%).
23 May-22 – IFB1/2017/07 Coupon Payment (Coupon Rate: 12.50%).
26 May-22 – Bamburi Cement Book Closure (First & Final: KES 3.58).
27 May-22 – BOC Kenya Book Closure (Final: KES 2.90).