SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 11 Mar 2025
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SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 11 Mar 2025

Highlights Trade policy uncertainty remained the focal theme for a week that saw the major U.S. stock indices, the S&P 500 and the Nasdaq, fall into negative territory on a year-to-date basis for the first time this year. Tuesday marked the deadline for President Donald Trump’s previously announced tariffs of 25% on Canadian and Mexican…

WEEKLY FIXED INCOME REPORT | 3 Mar 2025

WEEKLY FIXED INCOME REPORT | 3 Mar 2025

Money Market Statistics Interbank lending took a step back this week, undoing last week’s gains as traded volumes shrank by 26.4% to KES 14.46bn from KES 19.65bn. Transaction counts followed suit, sliding 29.3%, alongside a 29.3% dip in transaction count. As liquidity tightened, banks charged each other a bit more, nudging the average lending rate…

SIB GLOBAL MARKETS WEEKLY BRIEF | 11 Feb 2025

SIB GLOBAL MARKETS WEEKLY BRIEF | 11 Feb 2025

Highlights Stock markets kicked off the week sharply lower after President Trump, in his usual unexpectedly expected fashion, stated that the U.S. would be implementing 25% tariffs on imports from the neighbouring Mexico and Canada, along with a 10% tariff on imports from China. However, the tariffs on Mexico and Canada were postponed by the…

WEEKLY FIXED INCOME REPORT | 11 Feb 2025

WEEKLY FIXED INCOME REPORT | 11 Feb 2025

Money Market Analysis In the money market, banks lent to each other at an average rate of 10.9%, representing a 32.61bps decline from the previous week’s average of 11.22%. This decline was primarily driven by the recent downward adjustment of the Central Bank Rate (CBR). However, trading activity slowed significantly, dropping by 35.8% to KES…

KENYA WEEKLY MARKET WRAP | 11 Feb 2025

KENYA WEEKLY MARKET WRAP | 11 Feb 2025

Equity Market Commentary The market closed the week on a bearish note, with NASI, N10, NSE 20, and NSE 25 declining by 3.2%w/w, 4.3%w/w, 1.1%w/w, and 3.7%w/w, respectively. Market activity declined to USD 17.35m (-6.3%w/w). Safaricom dominated market activity accounting for 51.7% of the week’s turnover. The counter’s price function eased by 9.0%w/w to KES…

WEEKLY FIXED INCOME REPORT | 27 Jan 2025

WEEKLY FIXED INCOME REPORT | 27 Jan 2025

MONEY MARKET ANALYSIS Liquidity conditions in the money market demonstrated notable stability over the week, with the average lending rate holding steady at 11.31%, unchanged from the previous week. Meanwhile, interbank trading activity softened, with transaction volumes declining by 22.6% to KES 23.14 billion, down from KES 29.92 billion. This dip coincided with a 30.91%…