Highlights U.S. market bulls charged forward in the week, reversing the previous week’s drop and reaching new record highs supported by solid corporate earnings reports and generally favourable economic data. Earnings season began in earnest on Tuesday with several big banks reporting earnings. JP Morgan Chase, the largest U.S. bank, and Citigroup both reported better-than-expected…
EQUITY MARKET COMMENTARY The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 retreating by 0.7% w/w, 1.4% w/w, 0.5% w/w, and 0.9% w/w, respectively. Market activity softened to USD 18.0m (-5.4% w/w). Equity Group dominated market activity, accounting for 26.8% of the week’s turnover. The counter’s price…
MONEY MARKET STATISTICS Interbank lending volumes eased to KES 10.75bn from KES 11.93bn, despite an increase in transaction activity over the week. Meanwhile, the average interbank rate held steady, edging up slightly to 9.64%, amid continued liquidity absorption in the market by the Central Bank. The table below summarizes the market liquidity indicators: On a…
16th Floor, JKUAT Building, Kenyatta Avenue – Nairobi.
1st Floor, Nyali Centre, Off Links Road – Mombasa.
P.O. Box 13714 – 00800, Nairobi, Kenya
Email: clientservice@sib.shupav.co.ke
Mobile: +254(0) 777 333 000
Telephone: +254(0) 20 2277 000
WhatsApp: +254(0) 779 777 000