SUMMARY TABLES – NSE PERFORMANCE Summary Trading Statistics The bourse closed the month of July on a bullish note with the broad market returning +4.4% m/m – sluggish compared to the 14.3% m/m penciled in June 2025. Likewise, the N10, NSE 20, and NSE 25 advanced by 4.1% m/m, 4.9% m/m, and 5.0% m/m, respectively….
Highlights Renewed tariff jitters, an uncertain trade policy path and weak economic data drove U.S. equities lower for the week, with some indices seeing their worst week since the tariff-driven sell-off in early April. The week began on a positive note, with the U.S. and the EU reaching a framework deal on trade. The agreement…
MONEY MARKET STATISTICS Interbank lending volumes edged lower to KES 11.90bn from KES 13.03bn over the week, with activity holding steady throughout. The average interbank rate was largely unchanged at 9.62%, amid sustained liquidity absorption by the CBK. The table below summarizes market liquidity indicators: On a month-on-month basis, average traded volumes dropped by 21.3%…
EQUITY MARKET COMMENTARY The market closed the week on a mixed note, with the N10 and NSE 20 rising by 0.1% w/w each. Conversely, the NASI declined by 1.0% w/w, whereas the NSE 25 remained unchanged. Market activity rose to USD 21.8m (+8.6% w/w). Safaricom dominated market activity, accounting for 53.4% of the week’s turnover….
From Turmoil to Record Highs. It is easy to tell a simple story about the markets at the moment, but it would be wrong. In the parable of the blind men attempting to describe an elephant, one likens it to a snake after touching its trunk, while another describes it as a tree after feeling…
MONEY MARKET STATISTICS Interbank lending volumes increased to KES 13.03bn from KES 10.75bn over the week, with activity remaining relatively steady throughout. The average interbank rate was largely unchanged, inching down to 9.62%, amid sustained liquidity absorption by the CBK. The table below summarizes market liquidity indicators: On a month-on-month basis, average traded volumes remain…
EQUITY MARKET COMMENTARY The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 gaining by 1.6% w/w, 1.5% w/w, 1.4% w/w, and 1.6% w/w, respectively. Market activity rose to USD 20.0m (+11.2% w/w). KCB Group dominated market activity, accounting for 43.0% of the week’s turnover. The counter’s price…
Highlights U.S. market bulls charged forward in the week, reversing the previous week’s drop and reaching new record highs supported by solid corporate earnings reports and generally favourable economic data. Earnings season began in earnest on Tuesday with several big banks reporting earnings. JP Morgan Chase, the largest U.S. bank, and Citigroup both reported better-than-expected…
EQUITY MARKET COMMENTARY The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 retreating by 0.7% w/w, 1.4% w/w, 0.5% w/w, and 0.9% w/w, respectively. Market activity softened to USD 18.0m (-5.4% w/w). Equity Group dominated market activity, accounting for 26.8% of the week’s turnover. The counter’s price…
MONEY MARKET STATISTICS Interbank lending volumes eased to KES 10.75bn from KES 11.93bn, despite an increase in transaction activity over the week. Meanwhile, the average interbank rate held steady, edging up slightly to 9.64%, amid continued liquidity absorption in the market by the Central Bank. The table below summarizes the market liquidity indicators: On a…
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