WEEKLY FIXED INCOME REPORT | 2 Dec 2024

WEEKLY FIXED INCOME REPORT | 2 Dec 2024

MONEY MARKET ANALYSIS  This week, the average lending rate slightly nudged upwards to 11.91% from 11.87%, underscoring stable conditions. On the flip side, interbank volumes dropped to KES 22.83bn from KES 28.31bn, in tandem with a 5.13% decline in transaction count.  The table below summarizes the market liquidity indicators:  Open market operations intensified this week,…

KENYA WEEKLY MARKET WRAP | 2 Dec 2024

KENYA WEEKLY MARKET WRAP | 2 Dec 2024

EQUITY MARKET COMMENTARY  The market closed the week in the red with the NASI, N10, NSE 20, and NSE 25 retreating by 1.1%w/w, 2.6%w/w, 1.6%w/w, and 1.8%w/w, respectively.  Market activity more than doubled to USD 20.02m (+101.4%w/w). Safaricom dominated market activity accounting for 54.0% of the week’s turnover. The counter’s price function rose by 0.7%w/w…