Weekly Market Wrap Up: Equity Turnover Up 49%

Stock Market

Weekly equity turnover rose by 49.4 percent w-o-w to close at USD 11.75 MN (KES 1.51 BN). The NSE 20 and NASI shed 1.6 percent and 6.6 percent w-o-w to close at 1,608.44 and 117.89 respectively.

Foreign investors assumed a net selling position by accounting for 51.7% of foreign sales and 27.5% of foreign purchases.

Fixed Income

Weekly bond turnover declined by 12.1 percent w-o-w to close at USD 65.16 MN (KES 8.40 BN).

The 91-day t-bill yield, 182-day, and 364-day t-bill yields rose by 4 bps, 5 bps, and 6 bps w-o-w to close at 9.742, 10.216, and 10.747 percent respectively.

Macro Metrics

The Kenyan shilling weakened by 1.1 percent against the US Dollar on a w-o-w to close at 128.89 (-4.5 percent year-to-date). On FX Reserve, the import cover dropped by 0.5 percent w-o-w to close at 3.67 months (-12.0 percent year-to-date).

Upcoming Events 

13-Mar-23 – FXD1/2008/15 Bond Maturity (Coupon Rate: 12.500 percent).

13-Mar-23 – FXD1/2010/15 Coupon Payment (Coupon Rate: 10.250 percent).

13-Mar-23 – FXD1/2012/15 Coupon Payment (Coupon Rate: 11.000 percent).

13-Mar-23 – IFB1/2021/21 Coupon Payment (Coupon Rate: 12.737 percent).

Related Content: Weekly Bulletin: The Stability Of The Shilling And Foreign Reserves