Highlights U.S. equity markets ended the week relatively lower as the earnings season began. Smaller-cap and value-oriented stocks continued to outperform, extending their year-to-date advantage over large-cap and growth stocks. Value stocks beat growth shares for the third consecutive week. For the week, the S&P 500 fell 0.38%, the Nasdaq dropped 0.92%, and the Dow…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) rising by 0.74bps w/w to an average of 8.99%. Interbank lending advanced during the week, with average traded volumes trending higher by 103.4% w/w to KES 15.25bn, from KES 7.49bn in the prior week. The uptick…
Equity Market Summary The market closed the week on a bullish note with the NSE 20 and NSE 25, gaining 0.7% w/w each. Likewise, the NASI and N10 advanced by 1.0% w/w and 0.6% w/w, respectively. Market activity declined to USD 18.0m (-33.3% w/w). Safaricom dominated market activity, accounting for 23.6% of the week’s turnover. The counter’s…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) edging lower by 0.97ps w/w to an average of 8.98%. Interbank lending softened during the week, with average traded volumes trending lower by 20.2% w/w to KES 7.5bn, from KES 9.4bn in the prior week. The…
Equity Market Summary The market closed the week on a bullish note with the NASI and N10, gaining 2.4% w/w each. Likewise, the NSE 20 and NSE 25 advanced by 3.0% w/w and 2.5% w/w, respectively. Market activity jumped to USD 27.1m (+230.9% w/w). Safaricom dominated market activity, accounting for 40.6% of the week’s turnover….
Money Market Statistics Liquidity conditions in the market kicked off the year on a steady note, with the Kenya Shilling Overnight Interbank Average (KESONIA) largely stable at 8.99% (-0.55bps w/w). Interbank lending eased during the week, with the average traded volumes trending lower by 7.9% w/w to KES 9.4bn, from KES 10.2bn in the prior…
Equity Market Summary The market closed the week on a bullish note with the NASI, N10, NSE 20, and NSE 25 gaining 1.8% w/w, 2.3% w/w, 1.3% w/w, and 2.1% w/w, respectively. Market activity contracted to USD 8.2m (-20.3% w/w). Safaricom dominated market activity, accounting for 34.4% of the week’s turnover. The counter’s price function…
Highlights U.S. equities were mixed during the week, with some indices reaching record highs, buoyed by the Federal Reserve’s third straight rate cut and remarks from officials that investors viewed as less restrictive than expected. However, technology shares lagged as renewed worries about valuations and doubts over the payoff from heavy artificial intelligence (AI) investment…
Money Market Statistics Interbank lending rose during the week, with the average traded volumes inching upwards by 8.9% w/w to KES 12.91bn, from KES 11.85bn in the prior week. The increase was mirrored in higher transaction counts (+47.1% w/w to 25), with some players resorting to the discount window (KES 41.1bn). The Kenya Shilling Overnight…
Equity Market Summary The market closed the week on a mixed note with the NASI, N10, and NSE 20 easing by 1.1% w/w, 0.5% w/w, and 0.9% w/w, respectively. The NSE 25, on the other hand, advanced by 0.1% w/w. Market activity improved to USD 32.2m (+60.1% w/w). Equity Group dominated market activity, accounting for…
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