Yesterday the market remained unpleasant with NSE 20 Share Index shedding 0.96% and 6.17% year to date with only five representative counters being green,stats that were last seen in 2012.
NSE 25 Share Index contracted 0.86% while the NASI was down 1.30%. Turnover shrunk to by 40.23% due to a low volume, 16.95Million compared to 32.17Million traded yesterday. Market Capitalization continued with loss of value with KES 25.53Billion waning.
Foreign activities continued to dominate the market at 72.09% with foreign investors having a buy interest in Equity and KCB banks.They bought Ksh 170 Million shares of Equity Bank & Ksh 93 Million shares of KCB, The overall market was a net foreign buy.(72%)
Safaricom shed 3.17% to close at as a two month low of KES 15.25 with a large foreign exit with locals absorbing 50%. The counter continues to be supported by foreign activities.
T-Bills:
The average weighted yields on Kenya’s 182-day and 364-day Treasury bills rose to 14.180% and 14.919% from 13.716% and 14.335% with CBK offering KES 12Billion and receiving KES 15.90Billion. The issuer accepted KES 12.6Billion.
Bonds:
WAR on Kenya’s 2 year and 10 year bonds rose sharply at an auction on Wednesday. WAR of accepted bids for the 10-year and 2-year Treasury bond spiked to 16.132 and 15.760% from 12.886% and 14.781% for May and August 2015 respectively. The bank received KES 36Bn worth of bids for the 35 billion in debt it had offered, accepting bids totaling KES 24Bn with investors favoring the short term debt with KES 30Bn offer compared to KES 6Bn for the 10-year tenor.
Bonds market had a turnover of KES 1.30Bn, 80.69% jump with 7 deals taking shape.
Source ;Sterling Capital,AIB,NSE,Kenyan Wallstreet,CBK
