Stock Market
Weekly equity turnover dropped by 26.4 percent w-o-w to close at USD 11.36 MN (KES 1.35 BN).
NSE 20 and NASI gained 1.5 and 3.3 percent w-o-w to close at 1,701.31 and 141.05 respectively.
Foreign investors assumed a net selling position by accounting for 12.2% of total market purchases and 68.8% of total market sales.
Fixed Income
Weekly bond turnover advanced by 59.2 percent w-o-w to close at USD 200.86 million (23.86 billion shillings).
FTSE Bond Index remained flat w-o-w to close at 94.70.
The 91-day t-bill yield rose by 8 bps w-o-w to close at 8.399 percent, the 182-day t-bill yield remained fairly constant w-o-w to close at 9.392 percent while the 364-day t-bill yield fell by 2 bps w-o-w to close at 9.946 percent.
Macro Metrics
USD|KES: KES weakened by 0.2% w-o-w to close at 118.80 (-5.0% year-to-date).
FX Reserve: Import cover remained constant to close at 4.46 months (-17.3% year-to-date).
Upcoming Events
12-Aug-22 – BAT Kenya Book Closure (Interim: KES 5.00).
15-Aug-22 – FXD1/2021/020 Coupon Payment (Coupon Rate: 13.44%).
15-Aug-22 – FXD3/2019/010 Coupon Payment (Coupon Rate: 11.52%).
15-Aug-22 – FXD1/2013/015 Coupon Payment (Coupon Rate: 11.25%).