MONEY MARKET STATISTICS Interbank lending contracted during the week, with the average traded volumes inching 55.4% w/w lower to KES 7.1bn, from KES 15.91bn the prior week. In addition, the number of interbank deals reduced by 36.0% w/w. The Kenya Shilling Overnight Interbank Average (KESONIA) tapered by 23.04bps w/w to an average of 9.24% as…
EQUITY MARKET COMMENTARY The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 2.2% w/w, 0.6% w/w, 1.4% w/w, and 2.1% w/w, respectively. Market activity softened to USD 11.4m (-10.4% w/w). Safaricom dominated market activity, accounting for 28.2% of the week’s turnover. The counter’s price function…
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