MONEY MARKET STATISTICS This week marks the start of a new phase in Kenya’s interbank market, driven by efforts to enhance transparency, reliability, and market confidence, while strengthening monetary policy transmission—a long-standing concern, particularly around private sector lending rates. That said, activity in the interbank market signaled liquidity strains for some players, with traded volumes,…
EQUITY MARKET COMMENTARY The market closed the week in the green, with the NSE 20 and NASI rising by 3.2% w/w and 1.5% w/w, respectively. In addition, the N10 and NSE 25 inched upwards by 1.4% w/w each. Market activity rose to USD 23.5m (+3.2% w/w). Safaricom dominated market activity, accounting for 45.9% of the…
Highlights In the previous week, the best day was saved for last. U.S. markets, as gauged by the S&P 500, were set to snap their two-week winning streak as at the close of trading on Thursday but Federal Reserve Chair Jerome Powell’s prepared remarks on Friday morning at a symposium in Jackson Hole, Wyoming, appeared…
MONEY MARKET STATISTICS Interbank lending volumes retreated to KES 6.20bn from KES 9.79bn over the week, in line with lower transaction activity. The average interbank rate eased to 9.45% from 9.53%, as monetary policy adjustments continue to transmit into the interbank market. The table below summarizes market liquidity indicators: Overall, activity in the interbank market…
EQUITY MARKET COMMENTARY The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 2.6% w/w, 2.5% w/w, 3.3% w/w, and 1.9% w/w, respectively. Market activity rose to USD 22.8m (+28.6% w/w). KCB Group dominated market activity, accounting for 24.8% of the week’s turnover. The counter’s price…
MONEY MARKET STATISTICS Interbank lending volumes rose to KES 9.79bn from KES 7.68bn over the week, supported by higher transaction activity. In contrast, the average interbank rate eased to 9.53% from 9.61%, mirroring the impact of recent monetary policy actions. The table below summarizes market liquidity indicators: Overall, activity in the interbank market remains subdued,…
EQUITY MARKET COMMENTARY The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 2.8% w/w, 3.2% w/w, 3.9% w/w, and 2.9% w/w, respectively. Market activity rose to USD 17.7m (+13.7% w/w). Equity Group dominated market activity, accounting for 26.5% of the week’s turnover. The counter’s price…
Highlights Global equities markets rallied across the board with the Nasdaq Composite index leading the way in the U.S., up 3.73% week-on-week and closing at a record high. The Trump administration’s new round of global tariffs kicked in on Thursday, though several large U.S. trading partners had already reached agreements prior to the week’s deadline,…
MONEY MARKET STATISTICS Interbank lending volumes edged lower to KES 7.68bn from KES 11.90bn over the week, with activity holding steady throughout. The average interbank rate was largely unchanged at 9.61%, amid sustained liquidity absorption by the CBK. The table below summarizes market liquidity indicators: Generally, Interbank market transactions have been subdued for an extended…
EQUITY MARKET COMMENTARY The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 1.4% w/w, 1.5% w/w, 1.3% w/w and 1.7% w/w, respectively. Market activity eased to USD 15.6m (-28.4% w/w). Safaricom dominated market activity, accounting for 28.2% of the week’s turnover. The counter’s price function…
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