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…
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 in the week, with average traded volumes coming in higher at KES 18.7bn. Notably, the average number of interbank deals came in at 24 increasing from last week….
Equity Market Summary The market closed the week on a mixed note, with the NASI, N10, and NSE 25 easing by 0.3% w/w, 0.4% w/w, and 0.4% w/w, respectively. On the other hand, the NSE 20 inched higher by 0.7% w/w. Market activity jumped to USD 37.2m (+76.9% w/w). KCB Group dominated market activity, accounting…
Highlights Major U.S. equity indexes ended the week in positive territory. The Dow Jones Industrial Average reached a record high, while the S&P 500 extended its rally for an eighth straight week—the longest streak since 2023. Smaller companies and value-oriented stocks continued to outperform larger growth-focused shares, and the equal-weighted S&P 500 surpassed the traditional…
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