MONEY MARKET ANALYSIS This week, the average lending rate eased to 11.80% from 11.91%, with the final day of the week driving the momentum, spurred by the downward adjustment of the benchmark rate. Meanwhile, interbank activity painted a picture of enhanced liquidity, as average volumes soared by 89.1% to KES 43.16bn from KES 22.83bn, mirroring…
The market closed the week on a mixed note with the NASI, N10, and NSE 25 up 3.3%w/w, 3.0%w/w, and 2.5%w/w respectively while the NSE 20 retreated by 1.6%w/w. Market activity declined to USD 14.80m (-26.1%w/w). Equity Group dominated market activity accounting for 31.2% of the week’s turnover. The counter’s price function rose by 0.9%w/w…
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