Stock Market
Weekly equity turnover fell by 29.2 percent w-o-w to USD 6.36 MN (KES 760.17 MN). NSE 20 and NASI shed 1.7 percent and 5.7 percent w-o-w to close at 1,749.16 and 137.91 respectively.
Foreign investors assumed a net selling position by accounting for 24.3% of total market purchases and 56.4% of total market sales.
Fixed Income
Weekly bond turnover grew by 104.9 percent w-o-w to close at USD 164.57 MN (KES 19.67 BN). FTSE Bond Index remained flat w-o-w to close at 94.70.
The 91-day t-bill yield and the 182-day t-bill yield rose by 10 bps and 4 bps w-o-w to close at 8.767% and 9.532% respectively, while the 364-day t-bill yield remained fairly constant at 9.910%.
Macro Metrics
USD|KES: KES strengthened by 0.1% w-o-w to close at 119.51 (-5.6% year-to-date).
FX Reserve: Import cover remained constant at 4.39 months (-18.6% year-to-date).
Upcoming Events
02-Sep-22 – KMRC FXD Coupon Payment (Coupon Rate: 12.50%).