{"id":11186,"date":"2024-12-16T09:58:11","date_gmt":"2024-12-16T09:58:11","guid":{"rendered":"https:\/\/sib.co.ke\/reports\/?p=11186"},"modified":"2024-12-16T10:00:52","modified_gmt":"2024-12-16T10:00:52","slug":"kenya-weekly-market-wrap-16-dec-2024","status":"publish","type":"post","link":"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/","title":{"rendered":"KENYA WEEKLY MARKET WRAP | 16 Dec 2024"},"content":{"rendered":"\n
SIB Weekly Market Wrap 16 December 2024<\/a>Download<\/a><\/div>\n\n\n\n

<\/p>\n\n\n\n

The market closed the week on a bullish note, with the NASI, N10, NSE 20, and NSE 25 gaining 3.4%w\/w, 3.9%w\/w, 2.7%w\/w, and 3.4%w\/w, respectively. Worth noting, the NSE 25 closed the week at the highest level since 15th September 2022. Similarly, the NASI clocked a 6-week inta-week high of 119.32 with the N10 closing the week at an all-time high of 1252.02. <\/p>\n\n\n\n

Market activity held steady at USD 14.99m (+1.3%w\/w) despite the short trading week with the Jamuhuri holiday on 12th December 2024. Safaricom dominated market activity accounting for 74.6% of the week\u2019s turnover. The counter\u2019s price function rose by 4.6%w\/w to KES 17.00 having touched an inta-week high of KES 17.60 \u2013 a 23-week high. <\/p>\n\n\n\n

Of the top traded banking stocks, KCB Group, Equity Group, and BK Group all gained, up 4.1%w\/w, 5.7%w\/w, and 13.2%w\/w to KES 39.50, KES 48.00, and KES 34.25 respectively. BK Group was the week\u2019s best-performing top mover. <\/p>\n\n\n\n

EABL rose by 4.7%w\/w to close at KES 180.00. <\/p>\n\n\n\n

Foreign investors turned bullish following 10 weeks of net exits with net inflows of USD 2.08m. Safaricom led the buying charge while KCB Group led the selling charge. Foreign investor participation edged upwards to 62.8% from 54.6% in the prior week. <\/p>\n\n\n\n

SIB Weekly Market Wrap 16 December 2024<\/a>Download<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The market closed the week on a bullish note, with the NASI, N10, NSE 20, and NSE 25 gaining 3.4%w\/w, 3.9%w\/w,
\n2.7%w\/w, and 3.4%w\/w, respectively. Worth noting, the NSE 25 closed the week at the highest level since 15th September
\n2022. Similarly, the NASI clocked a 6-week inta-week high of 119.32 with the N10 closing the week at an all-time high of
\n1252.02.<\/p>\n","protected":false},"author":3,"featured_media":11147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1],"tags":[93,89,92,91,77,90],"class_list":["post-11186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weekly-reports","tag-bk-group","tag-eabl","tag-equity-group","tag-kcb-group","tag-nse","tag-safaricpm"],"yoast_head":"\nKENYA WEEKLY MARKET WRAP | 16 Dec 2024 - Standard Investment Bank<\/title>\n<meta name=\"description\" content=\"The market closed the week on a bullish note, with the NASI, N10, NSE 20, and NSE 25 gaining 3.4%w\/w, 3.9%w\/w, 2.7%w\/w, and 3.4%w\/w, respectively.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KENYA WEEKLY MARKET WRAP | 16 Dec 2024\" \/>\n<meta property=\"og:description\" content=\"The market closed the week on a bullish note, with the NASI, N10, NSE 20, and NSE 25 gaining 3.4%w\/w, 3.9%w\/w, 2.7%w\/w, and 3.4%w\/w, respectively.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Standard Investment Bank\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-16T09:58:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-16T10:00:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Weekly-Market-Wrap-Cover.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Egla\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"KENYA WEEKLY MARKET WRAP | 16 Dec 2024\" \/>\n<meta name=\"twitter:description\" content=\"The market closed the week on a bullish note, with the NASI, N10, NSE 20, and NSE 25 gaining 3.4%w\/w, 3.9%w\/w, 2.7%w\/w, and 3.4%w\/w, respectively.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Weekly-Market-Wrap-Cover.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Egla\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/\",\"url\":\"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/\",\"name\":\"KENYA WEEKLY MARKET WRAP | 16 Dec 2024 - Standard Investment Bank\",\"isPartOf\":{\"@id\":\"https:\/\/sib.co.ke\/reports\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Weekly-Market-Wrap-Cover.png\",\"datePublished\":\"2024-12-16T09:58:11+00:00\",\"dateModified\":\"2024-12-16T10:00:52+00:00\",\"author\":{\"@id\":\"https:\/\/sib.co.ke\/reports\/#\/schema\/person\/b3bf74a455e16795d95062aac89198e2\"},\"description\":\"The market closed the week on a bullish note, with the NASI, N10, NSE 20, and NSE 25 gaining 3.4%w\/w, 3.9%w\/w, 2.7%w\/w, and 3.4%w\/w, respectively.\",\"breadcrumb\":{\"@id\":\"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/#primaryimage\",\"url\":\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Weekly-Market-Wrap-Cover.png\",\"contentUrl\":\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Weekly-Market-Wrap-Cover.png\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sib.co.ke\/reports\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"KENYA WEEKLY MARKET WRAP | 16 Dec 2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sib.co.ke\/reports\/#website\",\"url\":\"https:\/\/sib.co.ke\/reports\/\",\"name\":\"Standard Investment Bank\",\"description\":\"Investment Solutions to Meet Your Needs\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/sib.co.ke\/reports\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/sib.co.ke\/reports\/#\/schema\/person\/b3bf74a455e16795d95062aac89198e2\",\"name\":\"Egla\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sib.co.ke\/reports\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4a7943fab56d053fc8874cfdc0a5d9cd?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4a7943fab56d053fc8874cfdc0a5d9cd?s=96&d=mm&r=g\",\"caption\":\"Egla\"},\"url\":\"https:\/\/sib.co.ke\/reports\/author\/egla\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"KENYA WEEKLY MARKET WRAP | 16 Dec 2024 - Standard Investment Bank","description":"The market closed the week on a bullish note, with the NASI, N10, NSE 20, and NSE 25 gaining 3.4%w\/w, 3.9%w\/w, 2.7%w\/w, and 3.4%w\/w, respectively.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/","og_locale":"en_US","og_type":"article","og_title":"KENYA WEEKLY MARKET WRAP | 16 Dec 2024","og_description":"The market closed the week on a bullish note, with the NASI, N10, NSE 20, and NSE 25 gaining 3.4%w\/w, 3.9%w\/w, 2.7%w\/w, and 3.4%w\/w, respectively.","og_url":"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/","og_site_name":"Standard Investment Bank","article_published_time":"2024-12-16T09:58:11+00:00","article_modified_time":"2024-12-16T10:00:52+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Weekly-Market-Wrap-Cover.png","type":"image\/png"}],"author":"Egla","twitter_card":"summary_large_image","twitter_title":"KENYA WEEKLY MARKET WRAP | 16 Dec 2024","twitter_description":"The market closed the week on a bullish note, with the NASI, N10, NSE 20, and NSE 25 gaining 3.4%w\/w, 3.9%w\/w, 2.7%w\/w, and 3.4%w\/w, respectively.","twitter_image":"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Weekly-Market-Wrap-Cover.png","twitter_misc":{"Written by":"Egla","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/","url":"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/","name":"KENYA WEEKLY MARKET WRAP | 16 Dec 2024 - Standard Investment Bank","isPartOf":{"@id":"https:\/\/sib.co.ke\/reports\/#website"},"primaryImageOfPage":{"@id":"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/#primaryimage"},"image":{"@id":"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Weekly-Market-Wrap-Cover.png","datePublished":"2024-12-16T09:58:11+00:00","dateModified":"2024-12-16T10:00:52+00:00","author":{"@id":"https:\/\/sib.co.ke\/reports\/#\/schema\/person\/b3bf74a455e16795d95062aac89198e2"},"description":"The market closed the week on a bullish note, with the NASI, N10, NSE 20, and NSE 25 gaining 3.4%w\/w, 3.9%w\/w, 2.7%w\/w, and 3.4%w\/w, respectively.","breadcrumb":{"@id":"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/#primaryimage","url":"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Weekly-Market-Wrap-Cover.png","contentUrl":"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Weekly-Market-Wrap-Cover.png","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-16-dec-2024\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sib.co.ke\/reports\/"},{"@type":"ListItem","position":2,"name":"KENYA WEEKLY MARKET WRAP | 16 Dec 2024"}]},{"@type":"WebSite","@id":"https:\/\/sib.co.ke\/reports\/#website","url":"https:\/\/sib.co.ke\/reports\/","name":"Standard Investment Bank","description":"Investment Solutions to Meet Your Needs","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sib.co.ke\/reports\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/sib.co.ke\/reports\/#\/schema\/person\/b3bf74a455e16795d95062aac89198e2","name":"Egla","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sib.co.ke\/reports\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4a7943fab56d053fc8874cfdc0a5d9cd?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4a7943fab56d053fc8874cfdc0a5d9cd?s=96&d=mm&r=g","caption":"Egla"},"url":"https:\/\/sib.co.ke\/reports\/author\/egla\/"}]}},"_links":{"self":[{"href":"https:\/\/sib.co.ke\/reports\/wp-json\/wp\/v2\/posts\/11186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sib.co.ke\/reports\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sib.co.ke\/reports\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sib.co.ke\/reports\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/sib.co.ke\/reports\/wp-json\/wp\/v2\/comments?post=11186"}],"version-history":[{"count":1,"href":"https:\/\/sib.co.ke\/reports\/wp-json\/wp\/v2\/posts\/11186\/revisions"}],"predecessor-version":[{"id":11188,"href":"https:\/\/sib.co.ke\/reports\/wp-json\/wp\/v2\/posts\/11186\/revisions\/11188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sib.co.ke\/reports\/wp-json\/wp\/v2\/media\/11147"}],"wp:attachment":[{"href":"https:\/\/sib.co.ke\/reports\/wp-json\/wp\/v2\/media?parent=11186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sib.co.ke\/reports\/wp-json\/wp\/v2\/categories?post=11186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sib.co.ke\/reports\/wp-json\/wp\/v2\/tags?post=11186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}