Highlights U.S. stocks ended the week lower, pressured by widespread concerns that artificial intelligence could disrupt many industries. Technology shares were particularly affected, with the Nasdaq Composite falling 1.37%, while the S&P 500 and Dow Jones Industrial Average also declined by 1.39% and 1.15% respectively. Mid-cap stocks held up better but still ended in negative…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) easing by 6.05 bps w/w to an average of 8.92% as industry players priced in the recent 25 bps rate cut by CBK. Interbank lending notched higher, with average traded volumes rising by 11.6% w/w to…
Equity Market Summary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 gaining 6.9% w/w, 7.5% w/w, 8.5% w/w, and 7.6% w/w, respectively. Market activity rose to USD 56.5m (+54.9% w/w). Equity Group dominated market activity, accounting for 21.0% of the week’s turnover. The counter’s price function…
Highlights Major U.S. stock indexes ended a turbulent week with mixed results. Large technology companies experienced their steepest weekly decline since November, while smaller companies and value-oriented shares continued to gain. Among the major benchmarks, the Nasdaq Composite performed the worst, dropping 1.87%, while the S&P 500 ended the week 0.10% lower. In contrast, the…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) easing by 0.62bps w/w to an average of 8.98%. Interbank lending inched lower, with average traded volumes easing by 46.5% w/w to KES 6.68bn, from KES 12.49bn in the prior week. The slowdown was mirrored by…
Equity Market Summary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 gaining 3.8% w/w, 2.3% w/w, 1.5% w/w, and 2.2% w/w, respectively. Market activity rose to USD 36.5m (+17.9% w/w). Safaricom dominated market activity, accounting for 31.8% of the week’s turnover. The counter’s price function inched…
Highlights U.S. stock markets delivered mixed results over the week. The S&P 500 briefly climbed above the 7,000-mark, setting a new intraday high before pulling back. Large-cap value stocks outperformed growth shares, while small- and mid-sized companies lagged, ending the week in negative territory. Within the S&P 500, communication services and energy stocks posted the…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) easing by 0.51bps w/w to an average of 8.99%. Interbank lending inched remained steady, with average traded volumes inching higher by 3.3% w/w to KES 12.49bn, from KES 12.09bn in the prior week. The uptick was…
Equity Market Summary The market closed the week in the green, with the NASI and NSE 25 rising by 0.4% w/w each. Additionally, the NSE 20 and N10 edged higher by 1.0% w/w and 0.9% w/w, respectively. Market activity rose to USD 30.9m (+35.5% w/w). KCB Group dominated market activity, accounting for 23.9% of the…
Highlights Major U.S. equity indexes ended a volatile, shortened trading week in negative territory. The S&P 500 edged lower by 0.35% while the Russel 2000 ended the week 0.32% lower. The Nasdaq Composite managed to eke out a 0.3% gain for the week. U.S. markets were closed on Monday in observance of Martin Luther King…
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