Markets Wrap Up For The Week: Weekly Turnover Dips 30%

Stock Market

Weekly equity turnover fell by 30.4 percent w-o-w to USD 9.16 MN (KES 1.11 BN). At the same time, NSE 20 dropped by 0.3 percent and 0.7 percent w-o-w to close at 1,675.66 and 127.55, respectively.

Foreign investors assumed a net selling position by accounting for 67.9 percent of total market purchases and 76.2 percent of total market sales.

Fixed Income

Weekly bond turnover fell by 54.5 percent w-o-w to close at USD 68.83 MN (KES 8.36 BN).

The 91-day and 182-day rose by 1 bp each w-o-w to close at 9.139 and 9.691 percent, respectively, while the 364-day t-bill yield rose by 14 bps w-o-w to close at 10.109 percent.

Macro Metrics

USD|KES: KES weakened by 0.2 percent w-o-w to close at 121.50 (-7.4 percent year-to-date).

FX Reserve: Import cover shrunk by 1.7% to close at 4.04 months (-25.0% year-to-date).

Upcoming Events        

07-Nov-22 – FXD3/2007/15 Coupon Payment (Coupon Rate: 12.500%).

07-Nov-22 – FXD1/2020/05 Coupon Payment (Coupon Rate: 11.667%).

07-Nov-22 – FXD2/2019/15 Coupon Payment (Coupon Rate: 12.734%).

07-Nov-22 – FXD1/2021/25 Coupon Payment (Coupon Rate: 13.924%)

Kenyan Stock Market

NSE Market Cap-weighted P/E stood at 2.5x (-83.0% YTD)

NSE Market Cap-weighted P/B stood at 4.7x (-33.0% YTD)

NSE Market Cap-weighted Dividend Yield stood at 7.4% (+398 bps YTD)

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

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