Highlights U.S. equities ended the week higher after recovering from the prior Friday’s steep decline—the S&P 500’s worst day since April. The week began on a positive note, helped by signs that U.S.-China trade tensions were easing, dovish remarks from Federal Reserve officials, and several AI-related deal announcements. The start of earnings season added support,…
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…
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…
Highlights U.S. equities rebounded in the week, making it the seventh week of gains in the last ten weeks. Growth and technology stocks led the rally, with the Nasdaq outperforming the broader S&P 500. Small-cap shares also surged, as lower rates typically benefit rate-sensitive sectors. The advance came even as the government entered a partial…
MONEY MARKET STATISTICS Interbank lending eased during the week, with the average traded volumes falling by 12.6% w/w to KES 15.08bn, from KES 17.24bn the prior week. Furthermore, the number of interbank deals reduced by 3.2% w/w, pointing to lower activity in the interbank market. The Kenya Shilling Overnight Interbank Average (KESONIA) inched upwards by…
EQUITY MARKET COMMENTARY The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 0.3% w/w, 0.1% w/w, 1.8% w/w, and 0.7% w/w, respectively. Market activity declined to USD 16.2m (-61.9% w/w). Safaricom dominated market activity, accounting for 36.5% of the week’s turnover. The counter’s price function…
SUMMARY TABLES – NSE PERFORMANCE Summary Trading Statistics The bourse closed the month of September on a bullish note with the broad market returning +2.4% m/m – slower than the +7.7%m/m and +4.4%m/m pencilled in August and July, respectively. Likewise, the N10, NSE 20, and NSE 25 advanced by 4.3% m/m, 4.5% m/m, and 4.1%…
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