Highlights U.S. equities fell over the week as concerns resurfaced around escalating U.S.–China trade tensions and the potential fallout from an extended U.S. government shutdown. Early in the week, the Nasdaq Composite and S&P 500 indexes traded higher, lifted by continued enthusiasm for artificial intelligence–related companies. However, markets reversed course on Friday after President Donald…
MONEY MARKET STATISTICS Interbank lending eased during the week, with the average traded volumes inching 5.47% w/w higher to KES 15.91bn, from KES 15.08bn the prior week. The number of interbank deals however reduced by 13.33% w/w. The Kenya Shilling Overnight Interbank Average (KESONIA) tapered by 3.76bps w/w to an average of 9.47%. Notably, no…
EQUITY MARKET COMMENTARY The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 tapering by 3.3% w/w, 1.8% w/w, 2.9% w/w, and 1.8% w/w, respectively. Market activity softened to USD 12.7m (-21.9% w/w). Safaricom dominated market activity, accounting for 31.6% of the week’s turnover. The counter’s price function…
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