Highlights U.S. equity markets delivered mixed performance during the week as continued weakness in large-cap technology and artificial intelligence (AI) stocks weighed on the Nasdaq Composite and the S&P 500. The S&P 500 declined 1.95% and the Nasdaq 100 retreating 4.24% for the week. In contrast, smaller companies and large-cap value-oriented stocks outperformed, with the…
Money Market Statistics Liquidity conditions remained stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) closing at an average of 8.75%. Interbank lending increased by 187% in the week, with average traded volumes coming in at KES 16.10bn from last week’s KES 5.6Bn. Notably, the interbank deals increased by 87% to close…
Equity Market Summary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 2.2% w/w, 2.5% w/w, 2.6% w/w, and 2.2% w/w, respectively. Market activity notched higher to USD 56.7m (+13.9% w/w). Equity Group dominated market activity, accounting for 48.8% of the week’s turnover. The counter’s…
Highlights U.S. equities ended the shortened trading week in the green, supported by news that Washington and Tehran signed a memorandum of understanding that could lead to the reopening of the Strait of Hormuz, easing concerns over global energy supplies and helping oil prices decline. The technology-focused Nasdaq Composite led major indexes higher, up 2.60%…
Money Market Statistics Liquidity conditions remained stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) closing at an average of 8.75%. Interbank lending decreased by 49% in the week, with average traded volumes coming in at KES 5.61bn from last week’s KES 10.96Bn. Notably, the interbank deals decreased by 40% to close…
Equity Market Summary The market closed the week on a bullish note, with the NASI, N10, NSE 20, and NSE 25 advancing by 4.2%, 6.6%, 2.9%, and 5.1%, respectively. Market activity surged to USD 49.8m (+88.1% w/w). Safaricom dominated market activity, accounting for 26.9% of the week’s turnover. The counter’s price function strengthened by 4.8%…
Highlights U.S. equities finished a turbulent week in positive territory as easing concerns over Middle East tensions, falling oil prices, and continued investor interest in sectors beyond large-cap technology helped support markets. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite posted gains of 0.68%, 0.65% and 2.34% respectively. Value stocks continued to outperform…
Highlights U.S. equity markets ended the week lower, led by weakness in technology stocks. The Nasdaq Composite posted the largest decline, falling 4.53%, and the S&P 500, which recorded its first weekly loss since March, shedding 2.59% and ending a tremendous 9-week winning streak. The Dow Jones Industrial Average was the most resilient, slipping just…
Money Market Statistics Liquidity conditions remained stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) closing at an average of 8.75%. Interbank lending decreased by 42%in the week, with average traded volumes coming in lower at KES 10.7bn from last week’s KES 18.7Bn. Notably, the interbank deals decreased by 29% to close…
Equity Market Summary The market closed the week in the green, with the NASI and NSE 25 rising by 2.3% w/w each. In addition, the N10 and NSE 20 inched higher by 2.2% w/w and 1.3% w/w, respectively. Market activity tapered to USD 26.2m (-29.5% w/w). Safaricom dominated market activity, accounting for 38.9% of the…
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