EQUITY MARKET COMMENTARY The market closed the week in the red with the NASI and NSE 25 retreating by 3.1%w/w, each. Similarly, the N10 and NSE 20 were down 3.3%w/w and 4.3%w/w, respectively. Market activity declined to USD 15.53m (-18.9%w/w). KCB Group dominated market activity, accounting for 38.6% of the week’s turnover. The counter’s price function eased…
MONEY MARKET ANALYSIS Interbank lending rejuvenated this week, defying last week’s declining trend as traded volumes jumped 85.31% KES 21.85bn from KES 11.79bn. Deal numbers echoed the rise, increasing by 37.0%. On the flip side, the average interbank rate remained relatively stable, inching down marginally to 10.68% from 10.70% the week before. Key to note,…
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