EQUITY MARKET COMMENTARY The market closed the week in the red with the NASI, N10, NSE 20, and NSE 25 retreating by 1.1%w/w, 2.6%w/w, 1.6%w/w, and 1.8%w/w, respectively. Market activity more than doubled to USD 20.02m (+101.4%w/w). Safaricom dominated market activity accounting for 54.0% of the week’s turnover. The counter’s price function rose by 0.7%w/w…
Resilience Amidst Shifting Tides Investment Thesis Summary The banking sector has exhibited remarkable resilience in the face of challenging macroeconomic conditions, with lenders in our coverage reporting profit growth (at varying intensities) in the face of a persistently high-interest rate regime which has not only raised the cost of funds but also raised overall asset…
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