Dear Readers, As we look ahead to the opportunities of 2026, it is vital to reflect on the significant shifts that defined the last year. Our “Outlook 2025: Ride the Bull and Chart the Bonanza” accurately captured the market sentiment, noting the trend of capital reallocation from traditional fixed-income securities toward the higher returns offered…
The Year of the Synchronized Pivot Warren Buffett loves to quote his mentor Ben Graham, who once said: “In the short run, the market is a voting machine but in the long run it is a weighing machine.” The recently retired Oracle of Omaha often talked about how the stock market resembled a person with…
Highlights United States U.S. equity markets posted gains during the shortened holiday trading week, with both the S&P 500 and the Dow Jones Industrial Average reaching new all-time highs. Trading activity and news flow were relatively subdued, but encouraging economic indicators and continued enthusiasm around artificial intelligence helped sustain investor optimism. According to preliminary figures…
CBK successfully raises KES 47.1bn as investors hunt for higher returns despite longer duration | Private sector credit growth hits 5-year high as business activity picks up.
Equity Market Summary The market closed the week on a bearish note with the NASI, N10, NSE 20, and NSE 25 easing by 0.8% w/w, 0.7% w/w, 2.3% w/w, and 1.0% w/w, respectively. Market activity declined to USD 20.1m (-17.3% w/w). Safaricom dominated market activity, accounting for 39.1% of the week’s turnover. The counter’s price…
MONEY MARKET STATISTICS Interbank lending increased during the week, with the average traded volumes jumping by 62.38% w/w to KES 16.24bn, from KES 10.00bn in the prior week. Consequently, the number of interbank deals rose by 38.89% w/w to 25. The Kenya Shilling Overnight Interbank Average (KESONIA) notched higher (+1.19bps w/w) to an average of…
Equity Market Commentary The market closed the week on a bearish note with the NASI, N10, NSE 20, and NSE 25 easing by 3.6% w/w, 4.2% w/w, 3.3% w/w, and 3.9% w/w, respectively.Market activity declined to USD 24.3m (-17.2% w/w). Safaricom dominated market activity, accounting for 35.8% of the week’s turnover. The counter’s price function…
Highlights: Global markets ended the week broadly upbeat as softer U.S. inflation data reignited hopes of another Federal Reserve rate cut and breathed new life into risk appetite. Equities surged to fresh record highs, powered by upbeat earnings and renewed optimism that monetary easing will extend the bull run into year-end. Bond yields slipped as…
MONEY MARKET STATISTICS Interbank lending surged during the week, with the average traded volumes rising by 104.79% w/w to KES 14.53bn, from KES 7.10bn the prior week. Consequently, the number of interbank deals increased by 87.50% w/w to 30.00. The Kenya Shilling Overnight Interbank Average (KESONIA) remained largely stable (+1.25bps w/w) at an average of…
Equity Market Commentary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 1.9% w/w, 2.1% w/w, 1.9% w/w, and 2.4% w/w, respectively. Market activity jumped to USD 32.2m (+184.0% w/w). Safaricom dominated market activity, accounting for 48.7% of the week’s turnover. The counter’s price function…
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