Foreign investors assumed a net selling position by accounting for 14.99% of total market purchases and 29.58% of total market sales.
Stock Market
Weekly equity turnover gained by 282.5% w-o-w to close at USD 12.15 MN (KES 1.77 BN). NSE 20 gained by 1.1% w-o-w to close at 1,538.64, while NASI eased by 1.3% w-o-w to close at 98.14.
Foreign investors assumed a net selling position by accounting for 14.99% of total market purchases and 29.58% of total market sales.
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Fixed Income
Weekly bond turnover increased by 16.0% w-o-w to close at USD 65.46 MN (KES 9.52 BN). 91-day and 182-day T-bills rose by 25 bps and 45 bps to close at 13.985% and 13.939%, respectively. 364-day T-bill eased by 25 bps to close at 13.765%.
Macro Metrics
USD|KES: KES weakened by 0.4% w-o-w to close at 145.51 (-17.9% year-to-date).
FX Reserve: Import cover eased by 2.0% w-o-w to close at 3.83 months (-8.2% year-to-date).
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Upcoming Events
4-September-23 – Williamson Tea Payment (Final: KES 30.00).
4-September-23 – Kapchorua Tea Payment (Final: KES 25.00).
4-September-23 – Stanbic Book Closure (Interim: KES 1.15).
8-September-23 – Jubilee Book Closure (Interim: KES 2.00).
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Data from Dyer & Blair Investment Bank