Highlights Global markets navigated a week defined by the escalating US-Iran conflict and its cascading effects across asset classes, as fresh Strait of Hormuz clashes kept geopolitical risk firmly in the driving seat even as diplomatic efforts continued in the background. US equities powered to fresh highs, with the S&P 500 and Nasdaq extending their…
Money Market Statistics Liquidity conditions remained stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) by 1% to close at an average of 8.75%. Interbank lending increased in the week, with average traded volumes coming in higher at KES 10bn. Notably, the average number of interbank deals came in at 24, down…
Equity Market Summary The market closed the week on a mixed note, with the NSE 20 inching lower by 0.4% w/w. On the other hand, the NASI notched higher by 2.1% w/w while the N10 and NSE 25 each rose by 0.6% w/w. Market activity jumped to USD 33.8m (+91.2% w/w). Safaricom dominated market activity,…
Equity Market Summary The market closed the week in the red, with the NSE 20 and NSE 25 easing by 1.2% w/w each. Likewise, the NASI and N10 declined by 0.8% w/w and 1.5% w/w, respectively. Market activity shrank to USD 17.68m (-23.5% w/w). Equity Group dominated market activity, accounting for 37.7% of the week’s…
Highlights U.S. equities posted their third consecutive week of gains, with the Nasdaq Composite leading the charge adding more than 6%, while the S&P 500 gained 4.54% in the week. For the third week in a row, large-cap growth stocks outpaced value stocks, buoyed in large part by continued excitement around companies linked to artificial…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) edging up 1.0bps w/w to an average of 8.76%. Interbank lending remained decreased in the week, with average traded volumes at KES 11.20bn. Notably, the average number of interbank deals came in at 21, down 35%…
Equity Market Summary The market closed the week in the green, with the NSE 25 and N10 rising by 0.2% w/w and 0.1% w/w, respectively. In addition, the NASI and NSE 20 each edged higher by 0.5% w/w. Market activity surged to USD 41.7m (+94.7% w/w). Kenya Pipeline dominated market activity, accounting for 42.1% of the week’s…
Highlights U.S. equities posted strong gains for a second consecutive week, supported by signs of easing tensions in the Middle East and a sharp decline in oil prices, which lifted investor sentiment. All major indexes rose more than 3% over the week, with the Nasdaq Composite leading the advance, up 4.45% while the S&P 500…
Equity Market Summary The market closed the week on a relief rally, with the NASI, N10, NSE 20, and NSE 25 gaining 3.9% w/w, 4.8% w/w, 3.2% w/w, and 4.0% w/w, respectively. Market activity held steady at USD 21.4m (+1.9% w/w). Equity Group dominated market activity, accounting for 31.7% of the week’s turnover. The counter’s…
Highlights Major U.S. stock indexes ended the shortened and highly volatile week in positive territory, helped by tentative signs that tensions in the Middle East might be easing. U.S. markets were closed on Friday for the Good Friday holiday. The Nasdaq Composite posted the strongest performance, surging 3.95% and recording its best weekly gain since…
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