Highlights Major U.S. stock indexes ended a turbulent week with mixed results. Large technology companies experienced their steepest weekly decline since November, while smaller companies and value-oriented shares continued to gain. Among the major benchmarks, the Nasdaq Composite performed the worst, dropping 1.87%, while the S&P 500 ended the week 0.10% lower. In contrast, the…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) easing by 0.62bps w/w to an average of 8.98%. Interbank lending inched lower, with average traded volumes easing by 46.5% w/w to KES 6.68bn, from KES 12.49bn in the prior week. The slowdown was mirrored by…
Equity Market Summary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 gaining 3.8% w/w, 2.3% w/w, 1.5% w/w, and 2.2% w/w, respectively. Market activity rose to USD 36.5m (+17.9% w/w). Safaricom dominated market activity, accounting for 31.8% of the week’s turnover. The counter’s price function inched…
Highlights U.S. stock markets delivered mixed results over the week. The S&P 500 briefly climbed above the 7,000-mark, setting a new intraday high before pulling back. Large-cap value stocks outperformed growth shares, while small- and mid-sized companies lagged, ending the week in negative territory. Within the S&P 500, communication services and energy stocks posted the…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) easing by 0.51bps w/w to an average of 8.99%. Interbank lending inched remained steady, with average traded volumes inching higher by 3.3% w/w to KES 12.49bn, from KES 12.09bn in the prior week. The uptick was…
Equity Market Summary The market closed the week in the green, with the NASI and NSE 25 rising by 0.4% w/w each. Additionally, the NSE 20 and N10 edged higher by 1.0% w/w and 0.9% w/w, respectively. Market activity rose to USD 30.9m (+35.5% w/w). KCB Group dominated market activity, accounting for 23.9% of the…
Highlights Major U.S. equity indexes ended a volatile, shortened trading week in negative territory. The S&P 500 edged lower by 0.35% while the Russel 2000 ended the week 0.32% lower. The Nasdaq Composite managed to eke out a 0.3% gain for the week. U.S. markets were closed on Monday in observance of Martin Luther King…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) rising by 0.18bps w/w to an average of 8.99%. Interbank lending inched lower during the week, with average traded volumes declining by 20.7% w/w to KES 12.09bn, from KES 15.25bn in the prior week. The slowdown…
Equity Market Summary The market closed the week on a mixed note, with the NASI and NSE 25 rising by 0.4% w/w each. On the other hand, the NSE 20 edged upwards by 0.3% w/w while the N10 eased by 0.3% w/w. Market activity rose to USD 22.8m (+26.5% w/w). Stanbic dominated market activity, accounting…
Highlights U.S. equity markets ended the week relatively lower as the earnings season began. Smaller-cap and value-oriented stocks continued to outperform, extending their year-to-date advantage over large-cap and growth stocks. Value stocks beat growth shares for the third consecutive week. For the week, the S&P 500 fell 0.38%, the Nasdaq dropped 0.92%, and the Dow…
16th Floor, JKUAT Building, Kenyatta Avenue – Nairobi.
1st Floor, Nyali Centre, Off Links Road – Mombasa.
P.O. Box 13714 – 00800, Nairobi, Kenya
Email: clientservice@sib.co.ke
Mobile: +254(0) 777 333 000
Telephone: +254(0) 20 2277 000
WhatsApp: +254(0) 779 777 000