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…
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,…
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