CBK (Central Bank of Kenya) accepted KSh 28.79Bn out of KSh 28.83Bn in bids in its latest Treasury bill auction, down from KSh 52.32Bn accepted against KSh 68.50Bn in bids the previous week.

Demand for short-term government paper fell 57.9% week-on-week, with all three yields declining.

According to results posted on the CBK website, the 91-day rate dropped below the 8.75% Central Bank Rate, to its lowest level since June 2026. The state fiscal agent accepted KSh 14.3 Bn from the sale of 91-day treasury bills, KSh 7.7 billion from the sale of the 182-day instruments and KSh 6.8 billion out of the KSh 10 billion offered.

The CBK is offering successful bidders a return of 8,7478%, 8,8591% and 9.0267% for the 91-day, 182-day and 364-day Treasury Bills. The auction of last week resulting in the CBK borrowing KSh 8.6 billion from the domestic money market while the rest of the proceeds was for net repayments and redemptions.

NSE weekly performance

At the Nairobi Securities Exchange(NSE), the market again closed the week in the red territory, with the benchmark NASI, NSE-25 and NSE-20 share price indices decreasing by 4.56%, 0.51% and 0.39%, respectively, during the week ending October 22.

NSE Market capitalization fell by 0.38% while total shares traded and equity turnover increased by 6156.13% and 1420.48% respectively.

The huge volumes changes in shares traded and equity turnover is attributed to a block trade of KPLC shares worth 4.5 billion shares amounting to KSh 42.5 billion.

The NSE had 44 losers against just 13 gainers.

KPC share prices was 17.22% to KSh 10.55, resulting in the counter being the standout weekly top price gainer, while Standard Group share price was down 8.20% to close the week at KSh 5.82 as it led the decliners.

Investors are still pricing in the resignation of Chaacha Mwita from Mombasa Road, with no substantive replacement in sight. Meanwhile, turnover at the NSE surged 1,335.6% to KSh 45.57Billion, largely driven by the KPC block trade.