MONEY MARKET STATISTICS Interbank lending eased during the week, with the average traded volumes inching 5.47% w/w higher to KES 15.91bn, from KES 15.08bn the prior week. The number of interbank deals however reduced by 13.33% w/w. The Kenya Shilling Overnight Interbank Average (KESONIA) tapered by 3.76bps w/w to an average of 9.47%. Notably, no…
EQUITY MARKET COMMENTARY The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 tapering by 3.3% w/w, 1.8% w/w, 2.9% w/w, and 1.8% w/w, respectively. Market activity softened to USD 12.7m (-21.9% w/w). Safaricom dominated market activity, accounting for 31.6% of the week’s turnover. The counter’s price function…
Highlights U.S. equities rebounded in the week, making it the seventh week of gains in the last ten weeks. Growth and technology stocks led the rally, with the Nasdaq outperforming the broader S&P 500. Small-cap shares also surged, as lower rates typically benefit rate-sensitive sectors. The advance came even as the government entered a partial…
MONEY MARKET STATISTICS Interbank lending eased during the week, with the average traded volumes falling by 12.6% w/w to KES 15.08bn, from KES 17.24bn the prior week. Furthermore, the number of interbank deals reduced by 3.2% w/w, pointing to lower activity in the interbank market. The Kenya Shilling Overnight Interbank Average (KESONIA) inched upwards by…
EQUITY MARKET COMMENTARY The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 0.3% w/w, 0.1% w/w, 1.8% w/w, and 0.7% w/w, respectively. Market activity declined to USD 16.2m (-61.9% w/w). Safaricom dominated market activity, accounting for 36.5% of the week’s turnover. The counter’s price function…
SUMMARY TABLES – NSE PERFORMANCE Summary Trading Statistics The bourse closed the month of September on a bullish note with the broad market returning +2.4% m/m – slower than the +7.7%m/m and +4.4%m/m pencilled in August and July, respectively. Likewise, the N10, NSE 20, and NSE 25 advanced by 4.3% m/m, 4.5% m/m, and 4.1%…
Highlights U.S. equities ended the week lower, halting a 3-week streak of gains, after comments from Federal Reserve officials and upgraded second-quarter GDP growth tempered expectations for aggressive rate cuts. The Nasdaq Composite posted the steepest decline, down 0.50%, followed by the Russell 2000, which broke its streak of weekly gains since early August. Energy…
MONEY MARKET STATISTICS Interbank lending surged during the week, with the average traded volumes rising by 118.0% to KES 17.24bn, from KES 7.9bn the prior week. This is mirrored by a 121.4% increase in the transaction count, pointing to increased activity in the interbank market. The Kenya Shilling Overnight Interbank Average (KESONIA) inched upwards by…
EQUITY MARKET COMMENTARY The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 2.5% w/w, 3.7% w/w, 2.6% w/w, and 3.0% w/w, respectively. Market activity rose to USD 42.6m (+3.3% w/w). KCB Group dominated market activity, accounting for 53.8% of the week’s turnover. The counter’s price…
Highlights For a third consecutive week, U.S. equities as gauged by the S&P 500 delivered positive returns, rallying 1.22% and closing at new all-time-highs. Smaller companies outperformed, with the Russell 2000 rising 2.16%, while the tech-heavy Nasdaq Composite gained 2.21%. The central bank’s policy meeting concluded with a 25-basis-point rate cut, the first since December…
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