MONEY MARKET STATISTICS Interbank lending surged during the week, with the average traded volumes rising by 104.79% w/w to KES 14.53bn, from KES 7.10bn the prior week. Consequently, the number of interbank deals increased by 87.50% w/w to 30.00. The Kenya Shilling Overnight Interbank Average (KESONIA) remained largely stable (+1.25bps w/w) at an average of…
Equity Market Commentary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 1.9% w/w, 2.1% w/w, 1.9% w/w, and 2.4% w/w, respectively. Market activity jumped to USD 32.2m (+184.0% w/w). Safaricom dominated market activity, accounting for 48.7% of the week’s turnover. The counter’s price function…
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