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…
EQUITY MARKET COMMENTARY The market closed the week on a mixed note with the N10 and NSE 25 advancing by 0.1%w/w each, whereas the NASI rose by 0.5%w/w. The NSE 20, on the other hand, retreated by 0.1%w/w. Market activity increased to USD 11.5m (+11.7%w/w). Safaricom dominated market activity, accounting for 30.1% of the week’s…
SUMMARY TABLES – NSE PERFORMANCE Summary Trading Statistics Select African countries’ benchmark index dollar returns Read Full Report:
MONEY MARKET ANALYSIS Interbank lending paced up during the week with the traded volumes jumping 30.1% to KES 12.12bn from KES 9.31bn, in the previous week, despite a decline in the number of transactions. Reflecting the softened liquidity stance, the average interbank rate dropped slightly to 10.65% from 10.68% the prior week. The table below…
EQUITY MARKET COMMENTARY The market closed the week on a mixed note with the NASI and the N10 advancing by 0.5%w/w each. The NSE 20 and NSE 25, on the other hand, retreated by 0.8%w/w and 0.1%w/w, respectively. Market activity declined to USD 10.3m (-41.9%w/w). Safaricom dominated market activity, accounting for 38.0% of the week’s…
Highlights US stocks edged higher after a 4-week losing streak as indicated by the major US indices paring their losses to close in positive territory as at close of Friday with the S&P 500 gaining 0.51% while the tech-heavy Nasdaq Composite eked out a 0.25% gain. The Federal Reserve, in its just concluded policy meeting held…
MONEY MARKET ANALYSIS Interbank lending dipped by more than half, following a week of recovery as traded volumes jumped 60.4% to KES 8.66bn from KES 21.85bn, in the previous week. Deal numbers echoed the decline, decreasing by 35.1%. On the flip side, the average interbank rate has remained relatively stable, inching up marginally to 10.69% from 10.69% the…
EQUITY MARKET COMMENTARY The market closed the week in the green with the NASI, N10, NSE 20 and NSE 25 advancing by 0.5%w/w, 0.1%w/w,0.4%w/w and 0.2%w/w, respectively. Market activity rose to USD 17.7m (+14.1%w/w). Liberty Kenya Holdings dominated market activity, accounting for 27.2% of the week’s turnover. The counter rose 6.5% to KES 8.18, driven largely by…
Highlights Tariff headlines and fears of a U.S. recession continued to weigh on stocks as the S&P 500, Nasdaq Composite and the Russell 2000 indices notched price declines a fourth consecutive week. Growth concerns and increasing recession fears—which were amplified by comments from President Donald Trump regarding a “period of transition” for the U.S. economy—also…
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