WEEKLY FIXED INCOME REPORT | 27 Jan 2025

WEEKLY FIXED INCOME REPORT | 27 Jan 2025

MONEY MARKET ANALYSIS Liquidity conditions in the money market demonstrated notable stability over the week, with the average lending rate holding steady at 11.31%, unchanged from the previous week. Meanwhile, interbank trading activity softened, with transaction volumes declining by 22.6% to KES 23.14 billion, down from KES 29.92 billion. This dip coincided with a 30.91%…

KENYA WEEKLY MARKET WRAP | 27 Jan 2025

KENYA WEEKLY MARKET WRAP | 27 Jan 2025

EQUITY MARKET COMMENTARY The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 up by 1.3%w/w, 3.0%w/w, 1.8%w/w, and 2.9%w/w, respectively. Market activity edged upwards to USD 18.52m (+30.9%w/w). Safaricom dominated market activity, accounting for 36.7% of the week’s turnover, with its price function advancing by 1.6%w/w to…