Weekly Equity Turnover Rose 35.0% To Hit Ksh 1.69 Billion

Stock Market

Weekly equity turnover rose by 35.0% w-o-w to close at USD 11.71 MN (KES 1.69 BN). NSE 20 and NASI eased by 3.9% and 2.6% w-o-w to close at 1,532.46 and 101.35, respectively.

Foreign investors assumed a net buying position by accounting for 56.0% of total market purchases and 50.4% of total market sales.

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Fixed Income

Weekly bond turnover eased by 5.6% w-o-w to close at USD 96.15 MN (KES 13.86 BN). 91-day and 364-day T-bills rose by 37 bps and 41 bps to close at 13.475% and 13.746%, respectively.  182-day T-bill  eased by 16 bps  to close at 13.276%

Macro Metrics

USD|KES: KES weakened by 0.4% w-o-w to close at 144.18 (-16.9% year-to-date).

FX Reserve: Import cover eased by 1.0% w-o-w to close at 3.98 months (-4.6% year-to-date).

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Upcoming Events

• 21-August-23 – FXD1/2019/05 Coupon Payment (Coupon:11.304%).
• 21-August-23 – FXD1/2016/10 Coupon Payment (Coupon:15.039%).
• 21-August-23 – FXD1/2018/10 Coupon Payment (Coupon:12.686%).
• 21-August-23 – FXD1/2019/10 Coupon Payment (Coupon:12.438%).
• 21-August-23 – FXD1/2020/15 Coupon Payment (Coupon:12.756%).
• 21-August-23 – IFB1/2017/12 Coupon Payment (Coupon:12.500%).
• 21-August-23 – IFB1/2020/11 Coupon Payment (Coupon:10.900%).
• 21-August-23 – IFB1/2022/19 Coupon Payment (Coupon:12.965%).
• 23-August-23 – Williamson Tea Book Closure (Final: KES 30.00).
• 23-August-23 – Kapchorua Tea Book Closure (Final: KES 25.00

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