Kenyan Shilling Still Being Clobbered By The US Dollar

Exchange Rate Performance

• USD|KES: KES weakened by 0.09% to close at 143.12 (-16.00% year-to-date).
• GBP|KES: KES weakened by 0.20% to close at 182.57 (-22.97% year-to-date).
• EUR|KES: KES weakened by 0.13% to close at 157.30 (-19.83% year-to-date).

Read Also: Kenyan Shilling Hits Ksh 150 Against The Dollar, The Lowest Since Independence

Kenyan Stock Market

Total equity turnover rose by 41.19% to close at USD 1.21 MN (KES 172.73 MN) compared to yesterday’s turnover of USD 0.85 MN (KES 122.34 MN).

NSE 20 and NASI dropped by 0.98% and 1.17% to close at 1,578.50 and 104.91 respectively.

Foreign investors assumed a net buying position by accounting for 73.08% of total market purchases and 43.71% of total market sales.

Read Also: Equities Turnover Spike 276.8% As Local Investors Remail Dominant

Equities    

Turnover rose by 41.2% to KES 172.7Mn up from KES 122.3Mn the previous trading day.

Foreign investors remained the dominant players on the day. They accounted for c. 58.4% of the total market turnover.

Foreign investors remained bullish on key blue chips to print net inflows of KES 50.7Mn in the day.

Safaricom Group was the most traded counter on the day – accounting for 42.2% of the total market activity. The stock’s turnover came in at KES 72.9Mn -with net outflows amounting to KES 16.2Mn.

Read Also: T-Bills In The Red For The Second Consecutive Week Hitting 47.1%

Fixed Income

Turnover declined by 31.7% to KES 2.49Bn down from KES 3.65Bn the previous trading day.

The FXD bond segment was the highest-grossing segment of the day – accounting for c. 81% of trades above KES 50Mn.

IFB1/2023/007 was the single most traded paper of the day.

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