EQUITY MARKET COMMENTARY The market closed the week in the red, with the NASI, N10, NSE 20 and NSE 25 down by 1.1%w/w, 1.2%w/w, 0.7%w/w and 0.9%w/w, respectively. Market activity edged downwards to USD 7.4m (-40.6%w/w). KCB Group dominated market activity, accounting for 45.0% of the week’s turnover. The counter’s price function weakened by 0.1%w/w…
Highlights There are decades when nothing happens, and there are weeks that decades happen. In a week that truly lived up to these words, trade policy uncertainty remained the core theme as U.S. stocked whipsawed significantly and the S&P 500 had an intra-week range of over 14% from trough to peak. Equities traded sharply lower…
FIXED INCOME MARKETS: PRIMARY OFFERINGS RECEIVE 180% OVERALL SUBSCRIPTION RATE In the primary market, demand for government securities remained strong, with the overall subscription rate standing at 180.1%. The fiscal agent offered KES 437.0bn, attracted bids amounting to KES 787.0bn, and accepted 73.9% of the total bids received. In total, KES 395.82bn was repaid, resulting in a…
MONEY MARKET ANALYSIS Interbank lending picked up pace during the week, with average traded volumes surging 176.1% to KES17.28bn from KES6.26bn the previous week, mirroring a 135.7% jump in the number of transactions. Meanwhile, the average interbank rate edged down slightly to 10.28% from 10.68%, as the effects of the Central Bank Rate (CBR) cut…
EQUITY MARKET COMMENTARY The market closed the week in the red, with the NASI, N10, NSE 20 and NSE 25 down 3.6%w/w, 3.9%w/w, 2.6%w/w and 3.3%w/w, respectively. Market activity notched upwards to USD 12.4m (+8.6%w/w). Safaricom dominated market activity, accounting for 35.9% of the week’s turnover. The counter’s price function weakened by 5.4%w/w to KES…
Highlights In periods of significant uncertainty and increased market volatility, investors are reminded of the importance of diversification and defensive asset allocation in one’s portfolio. The Trump administration’s announcement of a broad range of harsher-than-expected tariffs led to the largest one-day decline for some indexes since 2020 on Thursday, and stocks continued to slide through…
MONEY MARKET ANALYSIS Interbank lending slowed down during the week with the traded volumes sliding 48.4% to KES 6.26bn from KES 12.12bn, in the previous week, in tandem with a 33.3% fall in the number of transactions. Reflecting the same, the average interbank rate rose slightly to 10.68% from 10.65% the prior week. The table…
EQUITY MARKET COMMENTARY The market closed the week on a mixed note with the N10 and NSE 25 advancing by 0.1%w/w each, whereas the NASI rose by 0.5%w/w. The NSE 20, on the other hand, retreated by 0.1%w/w. Market activity increased to USD 11.5m (+11.7%w/w). Safaricom dominated market activity, accounting for 30.1% of the week’s…
SUMMARY TABLES – NSE PERFORMANCE Summary Trading Statistics Select African countries’ benchmark index dollar returns Read Full Report:
MONEY MARKET ANALYSIS Interbank lending paced up during the week with the traded volumes jumping 30.1% to KES 12.12bn from KES 9.31bn, in the previous week, despite a decline in the number of transactions. Reflecting the softened liquidity stance, the average interbank rate dropped slightly to 10.65% from 10.68% the prior week. The table below…
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