Equity Turnover Shrinks By 26.6% To USD 11 Million

Stock Market

Weekly equity turnover shrank by 26.6 percent w-o-w to USD 11.77 MN (KES 1.44 BN). NSE 20 and NASI fell by 0.8 percent and 1.3 percent w-o-w to close at 1,652.06 and 127.28, respectively.

Foreign investors assumed a net selling position by accounting for 74.9 percent of foreign sales and 41.5 percent of foreign purchases.

Fixed Income

Weekly bond turnover declined by 8.6 percent w-o-w to close at USD 108.53 MN (KES 13.27 BN). The 91-day, 182-day, and 364-day t-bill yields rose by 5 bps, 1 bp, and 4 bps to close at 9.237 percent and 9.733 percent, and 10.219 percent, respectively.

Macro Metrics

USD|KES: KES weakened by 0.2 percent w-o-w to close at 122.28 (-8.1 percent year-to-date).

FX Reserve: Import cover fell by 2.0 percent to close at 3.95 months (-26.7 percent year-to-date).

Upcoming Events    

28-Nov-22 – IFB1/2020/06 Coupon Payment (Coupon Rate: 10.200%).

30-Nov-22 – Centum Dividend Payment (Final: KES 0.59).

05-Dec-22 – IFB1/2015/09 Coupon Payment (Coupon Rate: 11.000%).

08-Dec-22 – KCB Group Book Closure (Interim: KES 1.00)

Kenyan Stock Market

NSE Market Cap-weighted P/E stood at 3.9x (-73.7% YTD)

NSE Market Cap-weighted P/B stood at 4.5x (-35.0% YTD)

NSE Market Cap-weighted Dividend Yield stood at 7.6% (+411 bps YTD)

NSE Median Return on Equity (ROE) stood at 8.4% (+214 bps YTD)