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Markets Wrap Up For The Week: Weekly Turnover Dips 30% – Soko Directory Team

The 91-day and 182-day rose by 1 bp each w-o-w to close at 9.139 and 9.691 percent, respectively, while the 364-day t-bill yield rose by 14 bps w-o-w to close at 10.109 percent.
Stock Market
Weekly equity turnover fell by 30.4 percent w-o-w to USD 9.16 MN (KES 1.11 BN). At the same time, NSE 20 dropped by 0.3 percent and 0.7 percent w-o-w 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 w-o-w to close at USD 68.83 MN (KES 8.36 BN).
The 91-day and 182-day rose by 1 bp each w-o-w to close at 9.139 and 9.691 percent, respectively, while the 364-day t-bill yield rose by 14 bps w-o-w to close at 10.109 percent.
Macro Metrics
USD|KES: KES weakened by 0.2 percent w-o-w 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
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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Author

Joseph Muongi

Financial.co.ke was founded by Mr. Joseph Muongi Kamau. He holds a Master of Science in Finance, Bachelors of Science in Actuarial Science and a Certificate of proficiencty in insurance. He's also the lead financial consultant.