EQUITY MARKET COMMENTARY The market closed the week in the green with the NASI, N10, NSE 20, and NSE 25 gaining 1.2%w/w, 0.9%w/w, 1.6%w/w, and 1.3%w/w, respectively. Market activity rose to USD 19.14m (+40.2%w/w). Safaricom dominated market activity, accounting for 32.8% of the week’s turnover. The counter’s price function strengthened by 0.6%w/w to KES 18.05….
MONEY MARKET ANALYSIS Interbank lending pulled back even more this week, extending last week’s slump as traded volumes dropped another 18.5%, sliding to KES 11.79bn from KES 14.46bn. Deal numbers echoed the slowdown, dipping by 6.9%. On the flip side, the average interbank rate barely budged, ticking up to 10.70% from 10.69% the week before. The table…
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