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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