Turbulence, tariffs and the tech unwind Stocks went into the start of 2025 with the bull market solidly intact, albeit with valuations beginning to look stretched. The Fed appeared to have achieved a soft landing for the economy, and investors were still looking forward to rate cuts. That backdrop began to change as news that…
MONEY MARKET ANALYSIS Interbank lending waned during the week, with average traded volumes dropping by 28.6% to KES 16.65bn from KES 23.31bn the previous week. This was accompanied by an 11.8% fall in the number of transactions. Meanwhile, the average interbank rate rose marginally to 9.94%, from 9.91%, further reflecting lower liquidity compared to the…
EQUITY MARKET COMMENTARY The market closed the week in the red with the NASI and NSE 20 down 0.2%w/w and 2.1%w/w, respectively. In addition, the N10 and NSE 25 eased by 1.3%w/w each. Market activity shrank by 44.5%w/w to USD 9.8M. EABL dominated market activity, accounting for 53.9% of the week’s turnover. The counter’s price…
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