Markets Wrap Up For The Week: Weekly Turnover Dips 30%


Markets Wrap Up For The Week: Weekly Turnover Dips 30%

By Soko Directory Team / Published November 7, 2022 | 2:33 pm

KEY POINTS

The 91-day and 182-day rose by 1 bp each wow to close at 9.139 and 9.691 percent, respectively, while the 364-day t-bill yield rose by 14 bps wow to close at 10.109 percent.

Stock Market

Weekly equity turnover fell by 30.4 percent wow to USD 9.16 MN (KES 1.11 BN). At the same time, NSE 20 dropped by 0.3 percent and 0.7 percent wow to close at 1,675.66 and 127.55, respectively.

Foreign investors assumed a net selling position by accounting for 67.9 percent of total market purchases and 76.2 percent of total market sales.

Fixed Income

Weekly bond turnover fell by 54.5 percent wow to close at USD 68.83 MN (KES 8.36 BN).

The 91-day and 182-day rose by 1 bp each wow to close at 9.139 and 9.691 percent, respectively, while the 364-day t-bill yield rose by 14 bps wow to close at 10.109 percent.

Macro Metrics

USD|KES: KES weakened by 0.2 percent wow to close at 121.50 (-7.4 percent year-to-date).

FX Reserve: Import cover shrunk by 1.7% to close at 4.04 months (-25.0% year-to-date).

Upcoming Events

07-Nov-22 – FXD3/2007/15 Coupon Payment (Coupon Rate: 12.500%).

07-Nov-22 – FXD1/2020/05 Coupon Payment (Coupon Rate: 11.667%).

07-Nov-22 – FXD2/2019/15 Coupon Payment (Coupon Rate: 12.734%).

07-Nov-22 – FXD1/2021/25 Coupon Payment (Coupon Rate: 13.924%)

Kenyan Stock Market

NSE Market Cap-weighted P/E stood at 2.5x (-83.0% YTD)

NSE Market Cap-weighted P/B stood at 4.7x (-33.0% YTD)

NSE Market Cap-weighted Dividend Yield stood at 7.4% (+398 bps YTD)

NSE Median Return on Equity (ROE) stood at 8.4% (+214 bps YTD)

Related Content: How To Start Buying GoK Bonds, Investing In Stocks, And Building Emergency Funds

About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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