MONEY MARKET STATISTICS This week, the overnight interbank lending rate, now known as the Kenya Shilling Overnight Interbank Average (KESONIA), eased to an average of 9.46% from 9.54% the previous week. Interbank activity remained largely steady (+0.53% w/w), averaging KES 11.41bn against KES 11.35bn a week earlier. The slight increase was mirrored in a marginally…
EQUITY MARKET COMMENTARY The market closed the week in the green, with the NASI, N10, NSE 20 and NSE 25 rising by 0.2% w/w, 1.0% w/w, 1.7% w/w and 1.6% w/w, respectively. Market activity eased to USD 30.8m (-44.4% w/w). Safaricom dominated market activity, accounting for 22.1% of the week’s turnover. The counter’s price function…
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