Highlights In like a lamb, out like a lion. A phrase that befits the past week’s stock market movements. The holiday-shortened week started well enough, with the S&P 500 index having two record closes on Tuesday and Wednesday as the markets continued to shrug off tariff worries and the lack of any curveballs from the…
EQUITY MARKET COMMENTARY The market closed the week on a bullish note, with the NASI, N10, NSE 20 and NSE 25 gaining 1.3% w/w, 0.5% w/w,0.8% w/w and 0.3% w/w, respectively. Market activity rose to USD 16.0m (+5.2% w/w). KCB Group dominated market activity accounting for 38.7% of the week’s turnover. The counter’s price function…
MONEY MARKET ANALYSIS In the money market, interbank lending activity improved with the volumes traded rising by 27.9% to KES 19.65bn from KES 15.36bn, alongside a 57.7% surge in transaction count. However, banks lent to each other at a higher average rate of 10.7%, up 12.10bps from the previous week’s 10.5%. The table below summarizes…
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