Money Market Analysis Liquidity conditions in the money market kicked off the year on a stable note with the average lending rate remaining relatively unchanged at 11.1%. Similarly, interbank volumes surged by more than half, recording a 52.3% jump to KES 34.58bn from KES 22.72bn, alongside a 15.0% increase in transaction count. The table below…
EQUITY MARKET COMMENTARY The market closed the week on a bullish note, with the NASI, N10, NSE 20, and NSE 25 up 2.6%w/w, 0.2%w/w, 2.7%w/w, and 0.8%w/w, respectively. Market activity increased 5-fold to USD 21.46m (+408.6%w/w). Safaricom dominated market activity at 24.4% of the week’s turnover with its price function gaining 4.3%w/w to close at…
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