Weekly Market Wrap-up: Weekly Equity Turnover Eased By 39.9% As Bonds Spike

Stock Market

The weekly equity turnover eased by 39.9 percent w-o-w to close at USD 7.09 million (1.00 billion shillings). NSE 20 and NASI rose 1.1 and 6.9 percent w-o-w to close at 1,582.47 and 107.24, respectively.

Foreign investors assumed a net buying position by accounting for 52.4 percent of total market purchases and 44.7 percent of total market sales.

Fixed Income

Weekly bond turnover rose by 317.8 percent w-o-w to close at USD 121.16 million (17.01 billion shillings).

The 91-day, 182-day, and 364-day T-bills rose by 15 bps, 21 bps, and 20 bps to close at 11.785, 11.863, and 11.934 percent respectively.

Read Also: T-Bill Subscription Dips Further, Investors Rush For Shorter Papers

Macro Metrics

USD|KES: KES weakened by 0.4 percent w-o-w to close at 140.40 (-13.8 percent year-to-date).

FX Reserve: Import cover eased by 1.2 percent w-o-w to close at 4.06 months (-2.6 percent year-to-date).

Upcoming Events

28-June-23 – Crown Paints Book Closure (Final: KES 4.00).

30-June-23 – Umeme Book Closure (Final: USH 63.90).

30-June-23 – Limuru Tea Dividend Payment (Final: KES 2.50).

30-June-23 – Equity Group Dividend Payment (First & Final: KES 4.00).

Read Also: Here Are The Top 25 Money Market Funds In Kenya Right Now