Equities Edge Down By 16% As Bonds Dip 68%

Stock Market

Weekly equity turnover edged down by 13.2 percent w-o-w to close at USD 11.45 million (1.53 billion shillings). NSE 20 and NASI rose by 1.5 and 1.3 percent w-o-w to close at 1,645.65 and 114.26 respectively.

Foreign investors assumed a net selling position by accounting for 65.6 percent of foreign sales and 54.4 percent of foreign purchases.

Fixed Income

Weekly bond turnover fell by 68.9 percent w-o-w to close at USD 45.27 million (6.03 billion shillings).

The 91-day and the 364-day t-bill yields rose by 10 bps and 6 bps w-o-w to close at 10.004 percent and 10.857 percent respectively, while the 182-day t-bill yield edged down by 3 bps w-o-w to close at 10.368 percent.

Macro Metrics

USD|KES: KES weakened by 0.7 percent w-o-w to close at 133.30 (-8.0 percent year-to-date).

FX Reserve: Import cover rose by 0.3 percent w-o-w to close at 3.60 months (-13.7 percent year-to-date).

Upcoming Events  

10-Apr-23 – IFB1/2021/18 Coupon Payment (Coupon Rate: 12.667%).

10-Apr-23 – FXD1/2009/15 Coupon Payment (Coupon Rate: 12.500%).

10-Apr-23 – FXD1/2019/20 Coupon Payment (Coupon Rate: 12.873%).

14-Apr-23 – Limuru Tea Book Closure (Final: KES 2.50).

Related Content: Kenyan Shilling Continues To Fall Deep, Sheds Off 0.7% Last Week