Highlights U.S. stock markets delivered mixed results over the week. The S&P 500 briefly climbed above the 7,000-mark, setting a new intraday high before pulling back. Large-cap value stocks outperformed growth shares, while small- and mid-sized companies lagged, ending the week in negative territory. Within the S&P 500, communication services and energy stocks posted the…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) easing by 0.51bps w/w to an average of 8.99%. Interbank lending inched remained steady, with average traded volumes inching higher by 3.3% w/w to KES 12.49bn, from KES 12.09bn in the prior week. The uptick was…
Equity Market Summary The market closed the week in the green, with the NASI and NSE 25 rising by 0.4% w/w each. Additionally, the NSE 20 and N10 edged higher by 1.0% w/w and 0.9% w/w, respectively. Market activity rose to USD 30.9m (+35.5% w/w). KCB Group dominated market activity, accounting for 23.9% of the…
Highlights Major U.S. equity indexes ended a volatile, shortened trading week in negative territory. The S&P 500 edged lower by 0.35% while the Russel 2000 ended the week 0.32% lower. The Nasdaq Composite managed to eke out a 0.3% gain for the week. U.S. markets were closed on Monday in observance of Martin Luther King…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) rising by 0.18bps w/w to an average of 8.99%. Interbank lending inched lower during the week, with average traded volumes declining by 20.7% w/w to KES 12.09bn, from KES 15.25bn in the prior week. The slowdown…
Equity Market Summary The market closed the week on a mixed note, with the NASI and NSE 25 rising by 0.4% w/w each. On the other hand, the NSE 20 edged upwards by 0.3% w/w while the N10 eased by 0.3% w/w. Market activity rose to USD 22.8m (+26.5% w/w). Stanbic dominated market activity, accounting…
Highlights U.S. equity markets ended the week relatively lower as the earnings season began. Smaller-cap and value-oriented stocks continued to outperform, extending their year-to-date advantage over large-cap and growth stocks. Value stocks beat growth shares for the third consecutive week. For the week, the S&P 500 fell 0.38%, the Nasdaq dropped 0.92%, and the Dow…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) rising by 0.74bps w/w to an average of 8.99%. Interbank lending advanced during the week, with average traded volumes trending higher by 103.4% w/w to KES 15.25bn, from KES 7.49bn in the prior week. The uptick…
Equity Market Summary The market closed the week on a bullish note with the NSE 20 and NSE 25, gaining 0.7% w/w each. Likewise, the NASI and N10 advanced by 1.0% w/w and 0.6% w/w, respectively. Market activity declined to USD 18.0m (-33.3% w/w). Safaricom dominated market activity, accounting for 23.6% of the week’s turnover. The counter’s…
Money Market Statistics Liquidity conditions remained largely stable in the week, with the Kenya Shilling Overnight Interbank Average (KESONIA) edging lower by 0.97ps w/w to an average of 8.98%. Interbank lending softened during the week, with average traded volumes trending lower by 20.2% w/w to KES 7.5bn, from KES 9.4bn in the prior week. The…
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