Weekly Equity Turnover Dips 11%, Bond Up 35%

Stock Market

Weekly equity turnover fell by 11.40% w-o-w to USD 13.45 MN (KES 1.62 BN). NSE 20 and NASI rose by 1.4% and 2.6% w-o-w to close at 1,787.48 and 141.64 respectively.

Foreign investors assumed a net selling position by accounting for 27.8% of total market purchases and 32.1% of total market sales.

Fixed Income

Weekly bond turnover grew by 35.7% w-o-w to close at USD 186.89 MN (KES 22.48 BN). FTSE Bond Index remained flat w-o-w to close at 94.70.

The 91-day, 182-day, and 364-day t-bill yields rose by 5 bps, 2 bps, and 4 bps w-o-w to close at 8.910%, 9.599%, and 9.915% respectively.

Macro Metrics

USD|KES: KES weakened by 0.2% w-o-w to close at 120.31 (-6.3% year-to-date).

FX Reserve: Import cover fell by 0.2% to close at 4.19 months (-22.3% year-to-date).

Upcoming Events      

12-Sep-22 – IFB1/2021/21 Coupon Payment (Coupon rate: 12.737%).

12-Sep-22 – FXD1/2008/15 Coupon Payment (Coupon Rate: 12.500%).

15-Sep-22 – NCBA Group Book Closure (Interim: KES 2.00).

15-Sep-22 – E.A Breweries Book Closure (Final: KES 7.25).