Equity Market Summary The market closed the week on a bullish note with the NASI and N10, gaining 2.4% w/w each. Likewise, the NSE 20 and NSE 25 advanced by 3.0% w/w and 2.5% w/w, respectively. Market activity jumped to USD 27.1m (+230.9% w/w). Safaricom dominated market activity, accounting for 40.6% of the week’s turnover….
Money Market Statistics Liquidity conditions in the market kicked off the year on a steady note, with the Kenya Shilling Overnight Interbank Average (KESONIA) largely stable at 8.99% (-0.55bps w/w). Interbank lending eased during the week, with the average traded volumes trending lower by 7.9% w/w to KES 9.4bn, from KES 10.2bn in the prior…
Equity Market Summary The market closed the week on a bullish note with the NASI, N10, NSE 20, and NSE 25 gaining 1.8% w/w, 2.3% w/w, 1.3% w/w, and 2.1% w/w, respectively. Market activity contracted to USD 8.2m (-20.3% w/w). Safaricom dominated market activity, accounting for 34.4% of the week’s turnover. The counter’s price function…
Highlights U.S. equities were mixed during the week, with some indices reaching record highs, buoyed by the Federal Reserve’s third straight rate cut and remarks from officials that investors viewed as less restrictive than expected. However, technology shares lagged as renewed worries about valuations and doubts over the payoff from heavy artificial intelligence (AI) investment…
Money Market Statistics Interbank lending rose during the week, with the average traded volumes inching upwards by 8.9% w/w to KES 12.91bn, from KES 11.85bn in the prior week. The increase was mirrored in higher transaction counts (+47.1% w/w to 25), with some players resorting to the discount window (KES 41.1bn). The Kenya Shilling Overnight…
Equity Market Summary The market closed the week on a mixed note with the NASI, N10, and NSE 20 easing by 1.1% w/w, 0.5% w/w, and 0.9% w/w, respectively. The NSE 25, on the other hand, advanced by 0.1% w/w. Market activity improved to USD 32.2m (+60.1% w/w). Equity Group dominated market activity, accounting for…
Highlights U.S. equities rose during the first week of December, extending the prior week’s gains as investors grew more confident that the Federal Reserve may cut rates at its upcoming meeting. The Nasdaq Composite led the major benchmarks, climbing 1.01%, while the small-cap Russell 2000 added 0.84%. The S&P 500 posted a smaller weekly increase…
MONEY MARKET STATISTICS Interbank lending edged lower during the week, with the average traded volumes slipping by 28.15% w/w to KES 10.00bn, from KES 13.92bn the prior week. Consequently, the number of interbank deals declined by 30.77% w/w to 18. The Kenya Shilling Overnight Interbank Average (KESONIA) notched higher (+0.52bps w/w) to an average of…
Equity Market Commentary The market closed the week on a mixed note with the NASI advancing by 0.3% w/w. The N10, NSE 20, and NSE 25 eased by 0.9% w/w, 0.7% w/w, and 0.7% w/w, respectively. Market activity rose to USD 29.4m (+5.9% w/w). Safaricom dominated market activity, accounting for 37.3% of the week’s turnover….
Highlights U.S. equities posted mixed results over the week. The Dow Jones Industrial Average and the S&P 500 eked out slight gains, while the Nasdaq Composite, the S&P Mid-Cap 400, and the small-cap Russell 2000 all declined. For most of the week, markets were pressured by worries about high valuations and intensifying scrutiny of artificial…
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