Equity Market Summary The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 easing 3.5% w/w, 3.1% w/w, 3.9% w/w, and 3.1% w/w, respectively. Market activity declined to USD 39.4m (-20.5% w/w). Equity Group dominated market activity, accounting for 36.0% of the week’s turnover. The counter’s price function…
Executive Overview The dawn of March 2026 has brought a paradigm shift in global geopolitics and financial markets. The initiation of Operation Epic Fury—a joint U.S.-Israeli kinetic campaign against the Iranian regime—has transitioned from a “simmering” regional risk to an “active” global shock. Advanced stealth aircraft, missile barrages, cyber warfare, and low-cost drone swarms have…
Highlights Major U.S. equity indexes moved lower during the week, pressured by ongoing anxiety about the disruptive implications of artificial intelligence (AI) and renewed uncertainty surrounding global trade and tariffs. The Dow Jones Industrial Average posted the steepest decline, falling 1.28%, while the S&P 500 Index proved relatively resilient but still slipped 0.44%. Markets began…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) easing by 0.4 bps w/w to an average of 8.77%. Interbank lending softened in the week, with average traded volumes declining by 1.38% w/w to KES 8.98bn, from KES 9.11bn in the prior week. Notably, the…
Equity Market Summary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 gaining 3.0% w/w, 4.4% w/w, 3.5% w/w, and 4.3% w/w, respectively. Market activity rose to USD 49.6m (+10.2% w/w). Equity Group dominated market activity, accounting for 24.8% of the week’s turnover. The counter’s price function…
Highlights U.S. equity markets ended the shortened trading week on a positive note. After modest gains through Thursday, stocks rallied Friday following the U.S. Supreme Court’s decision to strike down the Trump administration’s broad global tariffs. Rising tensions between the U.S. and Iran, which pushed oil prices higher, also remained on investors’ radar. Markets were…
Highlights U.S. stocks ended the week lower, pressured by widespread concerns that artificial intelligence could disrupt many industries. Technology shares were particularly affected, with the Nasdaq Composite falling 1.37%, while the S&P 500 and Dow Jones Industrial Average also declined by 1.39% and 1.15% respectively. Mid-cap stocks held up better but still ended in negative…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) easing by 6.05 bps w/w to an average of 8.92% as industry players priced in the recent 25 bps rate cut by CBK. Interbank lending notched higher, with average traded volumes rising by 11.6% w/w to…
Equity Market Summary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 gaining 6.9% w/w, 7.5% w/w, 8.5% w/w, and 7.6% w/w, respectively. Market activity rose to USD 56.5m (+54.9% w/w). Equity Group dominated market activity, accounting for 21.0% of the week’s turnover. The counter’s price function…
Highlights Major U.S. stock indexes ended a turbulent week with mixed results. Large technology companies experienced their steepest weekly decline since November, while smaller companies and value-oriented shares continued to gain. Among the major benchmarks, the Nasdaq Composite performed the worst, dropping 1.87%, while the S&P 500 ended the week 0.10% lower. In contrast, the…