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…
Highlights U.S. stock markets ended a volatile, news-driven week with mixed results as investors focused mainly on developments in the Middle East, fluctuations in oil prices, and continued weakness in large-cap technology shares. Stocks started the week higher on hopes that tensions in the region might ease, but those gains faded later as conflicting reports…
Equity Market Summary The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 declining by 6.7% w/w, 9.0% w/w, 6.6% w/w, and 7.5% w/w, respectively. Market activity jumped to USD 36.8m (+132.3% w/w). Safaricom dominated market activity, accounting for 22.5% of the week’s turnover. The counter’s price tapered…
Highlights U.S. stock markets ended a volatile week lower, influenced by geopolitical tensions, fluctuating oil prices, ongoing inflation concerns, and a more hawkish interpretation of recent Federal Reserve signals. The Dow Jones Industrial Average shed 2.09%, followed closely by the Nasdaq Composite, which declined 1.98%. Within the S&P 500, the energy sector stood out as…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) edging higher by 0.83bps w/w to an average of 8.68%. Interbank lending remained largely flat in the week, with average traded volumes at KES 11.96bn (-1.19% w/w). Notably, the average number of interbank deals came in…
Equity Market Summary The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 declining by 0.9% w/w, 1.0% w/w, 0.8% w/w, and 0.6% w/w, respectively. Market activity eased to USD 15.9m (-67.2% w/w). Equity Group dominated market activity, accounting for 27.9% of the week’s turnover. The counter’s price…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) easing by 7.3bps w/w to an average of 8.67%. Interbank lending jumped in the week, with average traded volumes rising by 37.74% w/w to KES 12.10bn, from KES 8.79bn in the prior week. Notably, the average…
Equity Market Summary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 gaining 1.4% w/w, 2.3% w/w, 2.4% w/w, and 2.1% w/w, respectively. Market activity rose to USD 48.4m (+22.8% w/w). Safaricom dominated market activity, accounting for 27.1% of the week’s turnover. The counter’s price inched up…
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