Market News

Weakly Equity Turnover Up 2.4%, Bond Turnover Up 40.2%

BY Soko Directory Team · June 20, 2022 03:06 pm

KEY POINTS

91-day and the 182-day t-bill yields rose by 6 bps each w-o-w to close at 7.925% and 9.096% respectively, while the 364-day t-bill yield remained fairly flat at 9.961% (+1 bp w-o-w).

KEY TAKEAWAYS

Foreign investors assumed a net selling position by accounting for 14.9% of total market purchases and 80.8% of total market sales.

The Stock Market

Weekly equity turnover edged up by 2.4% w-o-w to close at USD 18.10 MN (KES 2.12 BN).

NSE 20 and NASI shed 3.0% and 6.2% w-o-w to close at 1,626.81 and 121.81 respectively.

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Foreign investors assumed a net selling position by accounting for 14.9% of total market purchases and 80.8% of total market sales.

Fixed Income

Weekly bond turnover rose by 40.2% w-o-w to close at USD 151.56 MN (KES 17.78 BN).

FTSE Bond Index shed 0.5% w-o-w to close at 95.27.

91-day and the 182-day t-bill yields rose by 6 bps each w-o-w to close at 7.925% and 9.096% respectively, while the 364-day t-bill yield remained fairly flat at 9.961% (+1 bp w-o-w).

Macro MetricsUSD|KES: KES weakened by 0.2% w-o-w to close at 117.33 (-3.7% year-to-date).

FX Reserve: Import cover decreased by 1.2% w-o-w to close at 4.82 months (-10.6% year-to-date).

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About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory