Equity Market Summary The market closed the week on a mixed note, with the NASI, N10, and NSE 25 easing by 0.3% w/w, 0.4% w/w, and 0.4% w/w, respectively. On the other hand, the NSE 20 inched higher by 0.7% w/w. Market activity jumped to USD 37.2m (+76.9% w/w). KCB Group dominated market activity, accounting…
Highlights Major U.S. equity indexes ended the week in positive territory. The Dow Jones Industrial Average reached a record high, while the S&P 500 extended its rally for an eighth straight week—the longest streak since 2023. Smaller companies and value-oriented stocks continued to outperform larger growth-focused shares, and the equal-weighted S&P 500 surpassed the traditional…
Highlights U.S. equities recorded mixed performances for the week. The S&P 500 extended its winning streak to the 7th consecutive week, edging higher by 0.13% and achieving a new all-time high within the week, while the Nasdaq snapped its streak of gains inching lower by 0.38%. The Dow Jones Industrial Average also shed 0.11%. Enthusiasm…
Money Market Statistics Liquidity conditions remained stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) closing at an average of 8.75%. Interbank lending increased in the week, with average traded volumes coming in higher at KES 10.7bn. Notably, the average number of interbank deals came in at 27, up 11% w/w. Find…
Equity Market Summary The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 inching lower by 1.9% w/w, 0.1% w/w, 0.2% w/w, and 0.3% w/w, respectively. Market activity softened to USD 23.7m (-29.9% w/w). Equity Group dominated market activity, accounting for 26.8% of the week’s turnover. The counter’s…
Highlights Global markets navigated a week defined by the escalating US-Iran conflict and its cascading effects across asset classes, as fresh Strait of Hormuz clashes kept geopolitical risk firmly in the driving seat even as diplomatic efforts continued in the background. US equities powered to fresh highs, with the S&P 500 and Nasdaq extending their…
Money Market Statistics Liquidity conditions remained stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) by 1% to close at an average of 8.75%. Interbank lending increased in the week, with average traded volumes coming in higher at KES 10bn. Notably, the average number of interbank deals came in at 24, down…
Equity Market Summary The market closed the week on a mixed note, with the NSE 20 inching lower by 0.4% w/w. On the other hand, the NASI notched higher by 2.1% w/w while the N10 and NSE 25 each rose by 0.6% w/w. Market activity jumped to USD 33.8m (+91.2% w/w). Safaricom dominated market activity,…
Equity Market Summary The market closed the week in the red, with the NSE 20 and NSE 25 easing by 1.2% w/w each. Likewise, the NASI and N10 declined by 0.8% w/w and 1.5% w/w, respectively. Market activity shrank to USD 17.68m (-23.5% w/w). Equity Group dominated market activity, accounting for 37.7% of the week’s…
Highlights U.S. equities posted their third consecutive week of gains, with the Nasdaq Composite leading the charge adding more than 6%, while the S&P 500 gained 4.54% in the week. For the third week in a row, large-cap growth stocks outpaced value stocks, buoyed in large part by continued excitement around companies linked to artificial…