Full Bull Much like the year before – heading into 2024, many strategists doubted the market’s ability to keep moving higher after a strong 2023. Inflation was still high, the market was very top-heavy with most gains coming from the Magnificent Seven contingent of big tech stocks and the Federal Reserve had not yet indicated…
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 mixed note, with the NASI and NSE 20 up by 0.9%w/w and 0.1% w/w while the N10 and NSE 25 eased by 0.5%w/w and 1.2%w/w.Market activity edged downwards to USD 14.15m (-34.0%w/w). Safaricom dominated market activity at 23.3% of the week’s turnover with its price…
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