Highlights Global markets faced mixed performance over the past week, shaped by rising geopolitical tensions and shifting economic signals. Oil prices rallied for a third consecutive week, with WTI crude briefly spiking above $78 per barrel following U.S. airstrikes on Iranian nuclear sites, before settling lower amid confidence in OPEC+ spare capacity. Equity markets reflected…
MONEY MARKET ANALYSIS Interbank lending plummeted to KES 4.47bn from KES 17.48bn, mirroring a halving in transaction count over the week. Meanwhile, the average interbank rate held steady at 9.70%, signalling calm after the pricing in of the recent rate cut. The table below summarizes the market liquidity indicators: On a month-on-month basis, average monthly…
EQUITY MARKET COMMENTARY The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 retreating by 1.3% w/w, 0.4% w/w, 0.2% w/w, and 0.3% w/w, respectively. Market activity halved to USD 19.08m (-58.7% w/w). Safaricom dominated market activity, accounting for 38.6% of the week’s turnover. The counter’s price function…
Highlights Geopolitical tensions elbowed trade policy uncertainty out of the limelight in the week as Israel launched unilateral attacks on Iranian soil. Although fears of an Israeli strike on Iran—aimed at preventing the development of a nuclear bomb—have been growing for some time, the hope remained that diplomacy would prevail. It is still unclear why…
MONEY MARKET ANALYSIS Interbank lending recorded a strong improvement with the average traded volumes more than doubling to KES 17.48bn, up from KES 7.90bn, in tandem with a 121.2% jump in transaction count over the week. Meanwhile, the average interbank rate declined by 10.58bps to 9.70%, from 9.81%, reflecting market adjustments following the recent policy…
EQUITY MARKET COMMENTARY The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 advancing by 8.2% w/w, 6.0% w/w, 3.1% w/w, and 5.2% w/w, respectively. Market activity jumped to USD 46.1m (+350.7% w/w). Safaricom dominated market activity, accounting for 48.5% of the week’s turnover. The counter was the…
Highlights U.S. stocks notched a second week of gains, marking the third positive week in five, as information technology stocks outperformed, due in part to upbeat sentiment around artificial intelligence (AI)-related stocks in the wake of several positive corporate earnings reports. That said, the honeymoon is over and there is a storm brewing in the…
MONEY MARKET ANALYSIS Interbank lending improved with the average traded volumes rising 22.2% to KES 7.90bn, up from KES 6.47bn, despite a 7.1% drop in transaction count over the week. Meanwhile, the average interbank rate remained stable, at 9.81%, reflecting the continued calibration of liquidity through sustained open market operations by the Central Bank. The…
EQUITY MARKET COMMENTARY The market closed the week in the green, with the NASI and N10 advancing by 1.7%w/w. In addition, the NSE 20 and NSE 25 rose by 1.3% w/w and 1.4% w/w, respectively. Market activity eased by 29.2% w/w to USD 10.2m. Equity Group dominated market activity, accounting for 15.1% of the week’s…
EQUITY MARKET COMMENTARY The market closed the week on a mixed note, with the NASI advancing by 0.2%w/w. Conversely, the N10, NSE 20 and NSE 25 eased by 1.4% w/w, 0.3% w/w and 1.2% w/w, respectively. Market activity declined by 3.9% w/w to USD 14.5m. Safaricom dominated market activity, accounting for 35.4% of the week’s…
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