Highlights After trailing behind the U.S. equity market in the past few years, European stocks are making a comeback having outperformed their U.S. peers so far. The European index was up 3.15% in the previous week boosting the year-to-date gains to 12.20% compared to just under 4% for the S&P 500. Hopes of an end…
Money Market Analysis In the money market, the interbank lending rate kept sliding as the impact of recent monetary action took shape. Banks lent to each other at an average of 10.5%, down 35.66bps from the previous week’s 10.9%. Meanwhile, trading activity picked up by 7.6% to KES 15.36bn from KES 14.29bn, signaling a liquidity…
Equity Market Commentary The market closed the week on a bullish note, with NASI and N10 gaining 1.1% w/w each and the NSE 20 and NSE 25 edging upwards by 1.3% w/w each. Market activity eased to USD 15.2m (-27.9% w/w). Safaricom dominated market activity accounting for 51. 3% of the week’s turnover. The counter’s…
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