Equity Market Summary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 edging higher by 0.8% w/w, 1.2% w/w, 1.0% w/w, and 0.9% w/w, respectively. Market activity jumped to USD 30.7m (+65.0% w/w). Safaricom dominated market activity, accounting for 25.6% of the week’s turnover. The counter’s price…
Highlights U.S. equity markets ended the week lower as leadership shifted away from the technology sector following the previous week’s rally. Within the S&P 500, technology and communication services were the weakest-performing sectors, reflecting renewed pressure on semiconductor and AI-related companies. Energy stocks bucked the broader trend, benefiting from higher oil prices amid escalating tensions…
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 81% in the week, with average traded volumes coming in at KES 7.60bn from last week’s KES 4.20Bn. Notably, the interbank deals increased by 56% to close…
Equity Market Summary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 1.1% w/w, 0.4% w/w, 3.0% w/w, and 0.9% w/w, respectively. Market activity contracted to USD 18.6m (-35.7% w/w). Equity Group dominated market activity, accounting for 19.8% of the week’s turnover. The counter’s price…
Highlights U.S. equities ended the week with mixed results as renewed geopolitical tensions in the Middle East fuelled market volatility early in the week. However, a rebound in semiconductor and artificial intelligence (AI) stocks helped lift the Nasdaq Composite and S&P 500 by week’s end. The Nasdaq gained 1.69%, while the S&P 500 rose 1.23%….
Equity Market Summary The market closed the week on a bullish note, with the NASI, N10, NSE 20, and NSE 25 rising by 0.8% w/w, 0.1% w/w, 0.4% w/w, and 0.3% w/w, respectively. Market activity softened to USD 29.0m (-98.3% w/w). Safaricom dominated market activity, accounting for 35.1% of the week’s turnover. The counter’s price…
Highlights U.S. equity markets ended the shortened holiday week with the Nasdaq Composite, S&P 500 Index, and Dow Jones Industrial Average all in the green. The S&P 500 gained 1.76%, the Nasdaq 100 rose 0.72%, and the Dow Jones advanced 1.99% to a fresh record high, supported by strength in more traditional sectors. Within the…
Highlights U.S. equity markets delivered mixed performance during the week as continued weakness in large-cap technology and artificial intelligence (AI) stocks weighed on the Nasdaq Composite and the S&P 500. The S&P 500 declined 1.95% and the Nasdaq 100 retreating 4.24% for the week. In contrast, smaller companies and large-cap value-oriented stocks outperformed, with the…
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 187% in the week, with average traded volumes coming in at KES 16.10bn from last week’s KES 5.6Bn. Notably, the interbank deals increased by 87% to close…
Equity Market Summary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 2.2% w/w, 2.5% w/w, 2.6% w/w, and 2.2% w/w, respectively. Market activity notched higher to USD 56.7m (+13.9% w/w). Equity Group dominated market activity, accounting for 48.8% of the week’s turnover. The counter’s…