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Equities Turnover Plunged Last Week, Any Hope This Week?

BY Soko Directory Team · April 3, 2023 03:04 pm

Stock Market

Weekly equity turnover dropped by 93.3 percent w-o-w to close at USD 13.20 million (1.75 billion shillings). NSE 20 and NASI rose by 3.7 percent and 1.6 percent w-o-w to close at 1,622.05 and 112.76 respectively.

Foreign investors assumed a net selling position by accounting for 56.7 percent of foreign sales and 35.3 percent of foreign purchases.

Fixed Income

Weekly bond turnover edged down by 1.7 percent w-o-w to close at USD 145.35 million (19.23 billion shillings).

The 91-day t-bill yield, 182-day, and 364-day t-bill yields rose by 8 bps, 5 bps, and 1 bp w-o-w to close at 9.907 percent, 10.399 percent, and 10.800 percent respectively.

Macro Metrics

USD|KES: KES weakened by 0.8 percent w-o-w to close at 132.33 (-7.3 percent year-to-date).

FX Reserve: Import cover fell by 1.9 percent w-o-w to close at 3.59 months (-13.9 percent year-to-date).

Upcoming Events      

06-Apr-23 – KCB Group Book Closure (Final: KES 1.00).

06-Apr-23 – Fahari I-REIT Book Closure (First & Final: KES 0.65).

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

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

Related Content: Equities Turnover Dip 42% To Hit Ksh 401 Million

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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