MONEY MARKET ANALYSIS Interbank lending fell for the third consecutive week, with average traded volumes declining 23.6% to KES 7.49bn from KES 9.80bn in the previous week, despite a 13.3% rise the number of transactions. Meanwhile, the average interbank rate eased further to 9.85% from 9.91%, reflecting ongoing policy interventions by the CBK through open…
EQUITY MARKET COMMENTARY The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 5.8% w/w, 6.6% w/w, 4.1% w/w, and 5.7% w/w, respectively. Market activity advanced by 81.4% w/w to USD 25.1m. Safaricom dominated market activity, accounting for 42.9% of the week’s turnover. The counter’s price function gained…
Highlights: U.S stock indices finished the week narrowly lower despite increased prospects of tariff de-escalation and a semblance of light at the end of the tunnel with regards to trade policy uncertainty. The U.S. and the Uk announced the first new trade deal since the Trump administration’s reciprocal tariffs were unveiled on April 2, which…
MONEY MARKET ANALYSIS Interbank lending waned further during the week, with average traded volumes dropping by another 41.2% to KES 9.80bn from KES 16.65bn the previous week – in tandem with a 50% fall in the number of transactions. Nonetheless, the average interbank rate dropped marginally to 9.91%, from 9.94%, reflecting concurrent policy interventions by…
EQUITY MARKET COMMENTARY The market closed the week in the green with the NASI, N10, NSE 20 and NSE 25 rising by 1.0% w/w, 0.9% w/w, 0.1% w/w and 0.5% w/w, respectively. Market activity advanced by 41.2%w/w to USD 13.8m. Safaricom dominated market activity, accounting for 29.9% of the week’s turnover. The counter’s price function gained 2.8%…
Highlights: Global markets exhibited a blend of resilience and caution last week, influenced by economic data, trade developments, and sector-specific dynamics. In the United States, the S&P 500 Index achieved its second consecutive week of gains, closing Friday with its ninth straight session in positive territory, marking the longest winning streak since January. This upward…
MONEY MARKET ANALYSIS Interbank lending waned during the week, with average traded volumes dropping by 28.6% to KES 16.65bn from KES 23.31bn the previous week. This was accompanied by an 11.8% fall in the number of transactions. Meanwhile, the average interbank rate rose marginally to 9.94%, from 9.91%, further reflecting lower liquidity compared to the…
EQUITY MARKET COMMENTARY The market closed the week in the red with the NASI and NSE 20 down 0.2%w/w and 2.1%w/w, respectively. In addition, the N10 and NSE 25 eased by 1.3%w/w each. Market activity shrank by 44.5%w/w to USD 9.8M. EABL dominated market activity, accounting for 53.9% of the week’s turnover. The counter’s price…
MONEY MARKET ANALYSIS Interbank lending experienced a notable increase during the week, with average traded volumes more than tripling to KES 23.31bn from KES 6.99bn the previous week. This was accompanied by a 41.7% jump in the number of transactions. The movement aligns with recent trends, where interbank activity has been alternating between weeks of…
EQUITY MARKET COMMENTARY The market closed the week in the green with the NASI, N10, and NSE 25 up by 0.4%w/w, 1.1%w/w, and 1.0%w/w. The NSE 20, on the other hand, gravitated to a position of relative stability remaining largely unchanged. Market activity more than doubled to USD 17.7m (+138.8%w/w). Equity Group dominated market activity,…
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