MONEY MARKET ANALYSIS Interbank lending paced up during the week with the traded volumes jumping 30.1% to KES 12.12bn from KES 9.31bn, in the previous week, despite a decline in the number of transactions. Reflecting the softened liquidity stance, the average interbank rate dropped slightly to 10.65% from 10.68% the prior week. The table below…
EQUITY MARKET COMMENTARY The market closed the week on a mixed note with the NASI and the N10 advancing by 0.5%w/w each. The NSE 20 and NSE 25, on the other hand, retreated by 0.8%w/w and 0.1%w/w, respectively. Market activity declined to USD 10.3m (-41.9%w/w). Safaricom dominated market activity, accounting for 38.0% of the week’s…
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