WEEKLY FIXED INCOME REPORT | 05 May 2025
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WEEKLY FIXED INCOME REPORT | 05 May 2025

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…

WEEKLY FIXED INCOME REPORT | 28 Apr 2025
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WEEKLY FIXED INCOME REPORT | 28 Apr 2025

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…

KENYA WEEKLY MARKET WRAP | 28 Apr 2025

KENYA WEEKLY MARKET WRAP | 28 Apr 2025

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,…

WEEKLY FIXED INCOME REPORT | 22 Apr 2025
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WEEKLY FIXED INCOME REPORT | 22 Apr 2025

MONEY MARKET ANALYSIS Interbank lending experienced a notable decline during the week, with average traded volumes plunging by 64.8% to KES 6.99bn, compared to KES 19.83bn in the previous week. This coincided with a 27.3% drop in the number of transactions. This decline aligns with the recent trend, where interbank lending frequently alternates between periods…

KENYA WEEKLY MARKET WRAP | 22 Apr 2025

KENYA WEEKLY MARKET WRAP | 22 Apr 2025

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…

SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 15 Apr 2025
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SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 15 Apr 2025

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…

Quarterly Economic & Fixed Income Market Review – 1Q25
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Quarterly Economic & Fixed Income Market Review – 1Q25

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…

WEEKLY FIXED INCOME REPORT | 14 Apr 2025
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WEEKLY FIXED INCOME REPORT | 14 Apr 2025

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…

KENYA WEEKLY MARKET WRAP | 14 Apr 2025

KENYA WEEKLY MARKET WRAP | 14 Apr 2025

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…