Highlights U.S. equity markets declined over the week, breaking a three-week stretch of gains as heightened concerns over lofty valuations and tighter oversight of artificial intelligence (AI) spending weighed heavily on growth-oriented technology shares. The tech-focused Nasdaq Composite led the major indexes lower, while the Russell 1000 Growth Index underperformed its value counterpart by 288…
MONEY MARKET STATISTICS Interbank lending eased during the week, with the average traded volumes softening by 38.88% w/w to KES 6.88bn, from KES 11.26bn the prior week. Consequently, the number of interbank deals edged lower by 21.74% w/w to 18. The Kenya Shilling Overnight Interbank Average (KESONIA) remained largely stable (-0.96bps w/w) at an average…
Equity Market Commentary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 2.0% w/w, 5.3% w/w, 4.4% w/w, and 4.2% w/w, respectively. Market activity jumped to USD 27.9m (+39.4% w/w). Safaricom dominated market activity, accounting for 32.2% of the week’s turnover. The counter’s price function…
SUMMARY TABLES – NSE PERFORMANCE Summary Trading Statistics The bourse closed the month of October on a bullish note with the broad market returning +6.5% m/m . Likewise, the N10, NSE 20, and NSE 25 advanced by 7.1% m/m, 4.8% m/m, and 8.1% m/m, respectively – faster growth compared to the prior month. Profit-taking activities…
Highlights U.S. stocks finished the week with mixed performance. Major large-cap benchmarks edged higher, helped by strength in mega-cap technology stocks tied to artificial intelligence spending. The Nasdaq Composite led the advance, while smaller-cap indexes slipped. Market participation remained narrow: although the S&P 500 posted a gain, most of its sectors declined, and the equal-weight…
MONEY MARKET STATISTICS Interbank lending declined during the week, with the average traded volumes softening by 22.51% w/w to KES 11.26bn, from KES 14.53bn the prior week. Consequently, the number of interbank deals edged lower by 23.33% w/w to 23. The Kenya Shilling Overnight Interbank Average (KESONIA) remained largely stable (+0.67bps w/w) at an average…
Equity Market Commentary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 4.7% w/w, 5.8% w/w, 2.5% w/w, and 4.3% w/w, respectively. Market activity rose to USD 20.0m (+12.5% w/w). Safaricom dominated market activity, accounting for 36.1% of the week’s turnover. The counter’s price function…
Highlights U.S. equities ended the week higher after recovering from the prior Friday’s steep decline—the S&P 500’s worst day since April. The week began on a positive note, helped by signs that U.S.-China trade tensions were easing, dovish remarks from Federal Reserve officials, and several AI-related deal announcements. The start of earnings season added support,…
MONEY MARKET STATISTICS Interbank lending contracted during the week, with the average traded volumes inching 55.4% w/w lower to KES 7.1bn, from KES 15.91bn the prior week. In addition, the number of interbank deals reduced by 36.0% w/w. The Kenya Shilling Overnight Interbank Average (KESONIA) tapered by 23.04bps w/w to an average of 9.24% as…
EQUITY MARKET COMMENTARY The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 2.2% w/w, 0.6% w/w, 1.4% w/w, and 2.1% w/w, respectively. Market activity softened to USD 11.4m (-10.4% w/w). Safaricom dominated market activity, accounting for 28.2% of the week’s turnover. The counter’s price function…
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