Weekly Equity Turnover Drops 35.1% To Close At Ksh 1.15 Billion

Weekly equity turnover dropped by 35.1% w-o-w to close at USD 7.88 MN (KES 1.15 BN). NSE 20 and NASI indices gained 0.2% and 0.6% w-o-w to close at 1,541.67 and 98.70 respectively.

Foreign investors assumed a net selling position by accounting for 34.4% of total market purchases and 69.6% of total market sales.

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Fixed Income

Weekly bond turnover rose by 47.2% w-o-w to close at USD 96.38 MN (KES 14.08 BN). 91-day, 182-day, and 364-day T-bills rose by 25 bps, 43 bps, and 110 bps to close at 14.234%, 14.369%, and 14.860% respectively.

Macro Metrics

• USD|KES: KES weakened 0.4% w-o-w to close at 146.14 (-18.4% year-to-date).
• FX Reserve: Import cover dropped 0.5% w-o-w to close at 3.81 months (-8.6% year-to-date).

Read Also: CBK Increases Daily Mobile Money Transaction To Ksh 250,000

Upcoming Events

• 11-Sept-23 – FXD1/2010/15 Coupon Payment (Coupon Rate: 10.2500%)
• 11-Sept-23 – FXD1/2012/15 Coupon Payment (Coupon Rate: 11.0000%)
• 11-Sept-23 – IFB1/2021/21 Coupon Payment (Coupon Rate: 12.7370%)
• 11-Sept-23 – IFB1/2023/17 Coupon Payment (Coupon Rate: 14.3990%)
• 14-Sept-23 – NCBA Book Closure (Interim: KES 1.75)
• 15-Sept-23 – EABL Book Closure (Final: KES 1.75)

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