Stock Market
Weekly equity turnover advanced by 768.4 percent w-o-w to close at USD 195.61 million (25.68 billion shillings). NSE 20 and NASI gained 2.2 and 7.3 percent w-o-w to close at 1,564.16 and 110.93 respectively.
Foreign investors assumed a net selling position by accounting for 7.8% of foreign sales and 7.0% of foreign purchases.
Fixed Income
Weekly bond turnover edged up by 4.1 percent w-o-w to close at USD 147.90 million shillings (19.42 billion shillings).
The 91-day t-bill yield, 182-day, and 364-day t-bill yields rose by 5 bps, 6 bps, and 1 bp w-o-w to close at 9.829, 10.344, and 10.787 percent respectively.
Macro Metrics
USD|KES: KES weakened by 1.1% w-o-w to close at 131.27 (-6.4% year-to-date).
FX Reserve: Import cover held constant w-o-w to close at 3.66 months (-12.2% year-to-date).
Upcoming Events
30-Mar-23 – KenGen Dividend Payment (Final: KES 0.20).
31-Mar-23 – Safaricom Dividend Payment (Interim: KES 0.58).
10-Apr-23 – FXD1/2019/20 Coupon Payment (Coupon Rate: 12.873%).
10-Apr-23 – IFB1/2021/18 Coupon Payment (Coupon Rate: 12.667%).
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