Equity Market Summary The market closed the week on a bullish note, with the NASI, N10, NSE 20, and NSE 25 rising by 2.8% w/w, 3.2% w/w, 2.4% w/w, and 3.0% w/w, respectively. Market activity jumped to USD 95.9m (+218.4% w/w). Absa dominated market activity, accounting for 53.3% of the week’s turnover. The counter’s price…
Highlights U.S. equity markets ended the week mixed as investors balanced softer inflation data and reduced expectations for further Federal Reserve tightening against higher oil prices, uncertainty surrounding the Strait of Hormuz, and weaker consumer indicators. The S&P 500 gained 0.36%, ending around 0.2% below its record high, while the Nasdaq 100 advanced 1.09%. Conversely,…
Money Market Statistics Liquidity conditions remained stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) closing at an average of 8.75%. Interbank lending increased by 40% in the week, with average traded volumes coming in at KES 19Bn from last week’s KES 13Bn. Notably, the interbank deals increased by 19% to close…
Equity Market Summary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 1.3% w/w, 2.3% w/w, 0.6% w/w, and 1.5% w/w, respectively. Market activity thinned to USD 30.1m (-5.9% w/w). Safaricom dominated market activity, accounting for 26.8% of the week’s turnover. The counter’s price function…
Highlights U.S. equities advanced strongly during the week, with several major indexes reaching new highs as resilient corporate earnings, renewed enthusiasm for artificial intelligence (AI)-related stocks, and optimism over a potential reopening of the Strait of Hormuz supported risk appetite. The Nasdaq Composite led the gains, surging 5.12% and posting its strongest weekly performance since…
Money Market Statistics Liquidity conditions remained stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) closing at an average of 8.75%. Interbank lending increased by 224% in the week, with average traded volumes coming in at KES 12bn from last week’s KES 4.0Bn. Notably, the interbank deals increased by 183% to close…
Equity Market Summary The market closed the week on a mixed note, with the NASI, N10 and NSE 25 inching lower by 1.2% w/w, 0.8% w/w and 0.5% w/w, respectively. On the other hand, the NSE 20 rose by 0.4% w/w. Market activity expanded to USD 32.0m (+15.5% w/w). Safaricom dominated market activity, accounting for…
Highlights U.S. equities ended the week mixed as investors navigated the Federal Reserve’s policy meeting, ongoing Middle East tensions, and continued volatility in AI-related stocks. The Nasdaq Composite, S&P 500, and Dow Jones Industrial Average posted gains of 0.52%, 1.05% and 1.17% respectively, while the S&P Midcap 400 declined and the Russell 2000 was little…
Money Market Statistics Liquidity conditions remained stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) closing at an average of 8.75%. Interbank lending increased by 224% in the week, with average traded volumes coming in at KES 12bn from last week’s KES 4.0Bn. Notably, the interbank deals increased by 183% to close…
Equity Market Summary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 edging higher by 1.9% w/w, 1.6% w/w, 2.4% w/w, and 1.5% w/w, respectively. Market activity contracted to USD 27.7m (-9.7% w/w). Safaricom dominated market activity, accounting for 29.3% of the week’s turnover. The counter’s price…