Highlights U.S. stock markets ended a volatile week lower, influenced by geopolitical tensions, fluctuating oil prices, ongoing inflation concerns, and a more hawkish interpretation of recent Federal Reserve signals. The Dow Jones Industrial Average shed 2.09%, followed closely by the Nasdaq Composite, which declined 1.98%. Within the S&P 500, the energy sector stood out as…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) edging higher by 0.83bps w/w to an average of 8.68%. Interbank lending remained largely flat in the week, with average traded volumes at KES 11.96bn (-1.19% w/w). Notably, the average number of interbank deals came in…
Equity Market Summary The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 declining by 0.9% w/w, 1.0% w/w, 0.8% w/w, and 0.6% w/w, respectively. Market activity eased to USD 15.9m (-67.2% w/w). Equity Group dominated market activity, accounting for 27.9% of the week’s turnover. The counter’s price…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) easing by 7.3bps w/w to an average of 8.67%. Interbank lending jumped in the week, with average traded volumes rising by 37.74% w/w to KES 12.10bn, from KES 8.79bn in the prior week. Notably, the average…
Equity Market Summary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 gaining 1.4% w/w, 2.3% w/w, 2.4% w/w, and 2.1% w/w, respectively. Market activity rose to USD 48.4m (+22.8% w/w). Safaricom dominated market activity, accounting for 27.1% of the week’s turnover. The counter’s price inched up…
Highlights U.S. equity markets ended a turbulent week with losses as investors reacted to escalating tensions in the Middle East following military strikes by the U.S. and Israel on Iran. Among the major stock benchmarks, Dow Jones Industrial Average and the S&P 500 dropped 2.92% and 2.02% respectively. The Nasdaq Composite performed comparatively better but…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) easing by 2.9bps w/w to an average of 8.74%. Interbank lending softened slightly in the week, with average traded volumes declining by 2.18% w/w to KES 8.79bn, from KES 8.98bn in the prior week. Notably, the…
Equity Market Summary The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 easing 3.5% w/w, 3.1% w/w, 3.9% w/w, and 3.1% w/w, respectively. Market activity declined to USD 39.4m (-20.5% w/w). Equity Group dominated market activity, accounting for 36.0% of the week’s turnover. The counter’s price function…
Executive Overview The dawn of March 2026 has brought a paradigm shift in global geopolitics and financial markets. The initiation of Operation Epic Fury—a joint U.S.-Israeli kinetic campaign against the Iranian regime—has transitioned from a “simmering” regional risk to an “active” global shock. Advanced stealth aircraft, missile barrages, cyber warfare, and low-cost drone swarms have…
Highlights Major U.S. equity indexes moved lower during the week, pressured by ongoing anxiety about the disruptive implications of artificial intelligence (AI) and renewed uncertainty surrounding global trade and tariffs. The Dow Jones Industrial Average posted the steepest decline, falling 1.28%, while the S&P 500 Index proved relatively resilient but still slipped 0.44%. Markets began…
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