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…
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,…
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…
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…
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…
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…
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…
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…
Highlights In periods of significant uncertainty and increased market volatility, investors are reminded of the importance of diversification and defensive asset allocation in one’s portfolio. The Trump administration’s announcement of a broad range of harsher-than-expected tariffs led to the largest one-day decline for some indexes since 2020 on Thursday, and stocks continued to slide through…
MONEY MARKET ANALYSIS Interbank lending slowed down during the week with the traded volumes sliding 48.4% to KES 6.26bn from KES 12.12bn, in the previous week, in tandem with a 33.3% fall in the number of transactions. Reflecting the same, the average interbank rate rose slightly to 10.68% from 10.65% the prior week. The table…
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