MONEY MARKET ANALYSIS Interbank lending picked up pace during the week, with average traded volumes surging 176.1% to KES17.28bn from KES6.26bn the previous week, mirroring a 135.7% jump in the number of transactions. Meanwhile, the average interbank rate edged down slightly to 10.28% from 10.68%, as the effects of the Central Bank Rate (CBR) cut…
EQUITY MARKET COMMENTARY The market closed the week in the red, with the NASI, N10, NSE 20 and NSE 25 down 3.6%w/w, 3.9%w/w, 2.6%w/w and 3.3%w/w, respectively. Market activity notched upwards to USD 12.4m (+8.6%w/w). Safaricom dominated market activity, accounting for 35.9% of the week’s turnover. The counter’s price function weakened by 5.4%w/w to KES…
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