MONEY MARKET ANALYSIS Interbank lending waned further during the week, with average traded volumes dropping by another 41.2% to KES 9.80bn from KES 16.65bn the previous week – in tandem with a 50% fall in the number of transactions. Nonetheless, the average interbank rate dropped marginally to 9.91%, from 9.94%, reflecting concurrent policy interventions by…
EQUITY MARKET COMMENTARY The market closed the week in the green with the NASI, N10, NSE 20 and NSE 25 rising by 1.0% w/w, 0.9% w/w, 0.1% w/w and 0.5% w/w, respectively. Market activity advanced by 41.2%w/w to USD 13.8m. Safaricom dominated market activity, accounting for 29.9% of the week’s turnover. The counter’s price function gained 2.8%…
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