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…
EQUITY MARKET COMMENTARY The market closed the week in the red with the NASI and NSE 25 retreating by 3.1%w/w, each. Similarly, the N10 and NSE 20 were down 3.3%w/w and 4.3%w/w, respectively. Market activity declined to USD 15.53m (-18.9%w/w). KCB Group dominated market activity, accounting for 38.6% of the week’s turnover. The counter’s price function eased…
MONEY MARKET ANALYSIS Interbank lending rejuvenated this week, defying last week’s declining trend as traded volumes jumped 85.31% KES 21.85bn from KES 11.79bn. Deal numbers echoed the rise, increasing by 37.0%. On the flip side, the average interbank rate remained relatively stable, inching down marginally to 10.68% from 10.70% the week before. Key to note,…
EQUITY MARKET COMMENTARY The market closed the week in the green with the NASI, N10, NSE 20, and NSE 25 gaining 1.2%w/w, 0.9%w/w, 1.6%w/w, and 1.3%w/w, respectively. Market activity rose to USD 19.14m (+40.2%w/w). Safaricom dominated market activity, accounting for 32.8% of the week’s turnover. The counter’s price function strengthened by 0.6%w/w to KES 18.05….
MONEY MARKET ANALYSIS Interbank lending pulled back even more this week, extending last week’s slump as traded volumes dropped another 18.5%, sliding to KES 11.79bn from KES 14.46bn. Deal numbers echoed the slowdown, dipping by 6.9%. On the flip side, the average interbank rate barely budged, ticking up to 10.70% from 10.69% the week before. The table…
SUMMARY TABLES – NSE PERFORMANCE Summary Trading Statistics Select African countries’ benchmark index dollar returns Read Full Report:
Highlights Policy risks and growth concerns sent stock indexes lower for a second consecutive week, except the Dow Jones Industrial Average which managed to gain just about 1% for the week. Growth stocks led the decline and the Nasdaq Composite recorded its worst weekly drop since September. The story of Q4 earnings & 2025 guidance…
Highlights In like a lamb, out like a lion. A phrase that befits the past week’s stock market movements. The holiday-shortened week started well enough, with the S&P 500 index having two record closes on Tuesday and Wednesday as the markets continued to shrug off tariff worries and the lack of any curveballs from the…
EQUITY MARKET COMMENTARY The market closed the week on a bullish note, with the NASI, N10, NSE 20 and NSE 25 gaining 1.3% w/w, 0.5% w/w,0.8% w/w and 0.3% w/w, respectively. Market activity rose to USD 16.0m (+5.2% w/w). KCB Group dominated market activity accounting for 38.7% of the week’s turnover. The counter’s price function…
MONEY MARKET ANALYSIS In the money market, interbank lending activity improved with the volumes traded rising by 27.9% to KES 19.65bn from KES 15.36bn, alongside a 57.7% surge in transaction count. However, banks lent to each other at a higher average rate of 10.7%, up 12.10bps from the previous week’s 10.5%. The table below summarizes…
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