Highlights The S&P 500 Index managed to finish the week higher despite renewed concerns about inflation and the prospect of higher interest rates. Gains were concentrated in information technology and communication services, where investor enthusiasm over the strong adoption of Meta Platforms’ consumer artificial intelligence (AI) agent fuelled optimism about the broader potential of agentic…
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 11% in the week, with average traded volumes coming in at KES 14.50Bn from last week’s KES 13.10Bn. Notably, the interbank deals increased by 42% to close…
Equity Market Summary The market closed the week on a bullish note, with the NASI, N10, NSE 20, and NSE 25 rising by 4.1% w/w, 5.6% w/w, 4.8% w/w, and 5.1% w/w, respectively. Market activity tapered to USD 35.8m (-50.5% w/w). Equity Group dominated market activity, accounting for 23.2% of the week’s turnover. The counter’s…
Highlights U.S. equities ended the week with mixed results as investors responded to the Federal Reserve’s first interest rate increase since 2023, sharp swings in oil prices linked to intensifying Middle East tensions, and changing expectations for monetary policy. The S&P 500 slipped 0.08%, while the Dow fell 1.69%, whereas the Nasdaq advanced 0.94%. Technology…
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 19% in the week, with average traded volumes coming in at KES 11.40Bn from last week’s KES 9.60Bn. Notably, the interbank deals increased by 44% to close…
Equity Market Summary The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 easing by 2.5% w/w, 3.3% w/w, 4.1% w/w, and 3.4% w/w, respectively. Market activity expanded to USD 72.3m (+41.2% w/w). EABL dominated market activity, accounting for 28.3% of the week’s turnover. The counter’s price function…
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 19% in the week, with average traded volumes coming in at KES 11.40Bn from last week’s KES 9.60Bn. Notably, the interbank deals increased by 44% to close…
Equity Market Summary The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 easing by 4.1% w/w, 4.0% w/w, 3.6% w/w, and 3.5% w/w, respectively. Market activity declined to USD 50.8m (-21.4% w/w). Equity Group dominated market activity, accounting for 39.1% of the week’s turnover. The counter’s price…
Highlights U.S. equities ended the week broadly flat, with the major indexes showing only modest moves as investors balanced renewed U.S.-Iran tensions, higher oil prices, stronger-than-expected employment data and changing expectations for Federal Reserve policy. The Dow Jones Industrial Average shed 0.27%, while the Nasdaq Composite gained 0.38%. The S&P 500, Russell 2000, and S&P…
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 50% in the week, with average traded volumes coming in at KES 9.60Bn from last week’s KES 19.10Bn. Notably, the interbank deals decreased 38% to close the…