WEEKLY FIXED INCOME REPORT | 23 Dec 2024

WEEKLY FIXED INCOME REPORT | 23 Dec 2024

This week, the average lending rate eased further to 11.3% from 11.5%, reflecting the continued impact of December’s rate cut on monetary conditions. Meanwhile, interbank volumes took a significant hit, plunging by 38.2% to KES 33.58 billion from KES 54.36 billion, alongside a 35.7% drop in transaction count.  The table below summarizes the market liquidity…

KENYA WEEKLY MARKET WRAP | 23 Dec 2024

KENYA WEEKLY MARKET WRAP | 23 Dec 2024

The market closed the week on a bullish note, with the NASI, N10, NSE 20, and NSE 25 gaining 2.2%w/w, 1.3%w/w, 1.5%w/w, and 1.5%w/w, respectively. Worth noting, the N10 extended its all-time high to 1,268.40.  Market activity jumped 11-fold to USD 190.19m (+1168.4%w/w) driven by Bamburi’s block trade on Wednesday and Thursday worth USD 68.53m…

KENYA WEEKLY MARKET WRAP | 16 Dec 2024

KENYA WEEKLY MARKET WRAP | 16 Dec 2024

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.

WEEKLY FIXED INCOME REPORT | 9 Dec 2024

WEEKLY FIXED INCOME REPORT | 9 Dec 2024

MONEY MARKET ANALYSIS  This week, the average lending rate eased to 11.80% from 11.91%, with the final day of the week driving the momentum, spurred by the downward adjustment of the benchmark rate. Meanwhile, interbank activity painted a picture of enhanced liquidity, as average volumes soared by 89.1% to KES 43.16bn from KES 22.83bn, mirroring…

WEEKLY FIXED INCOME REPORT | 2 Dec 2024

WEEKLY FIXED INCOME REPORT | 2 Dec 2024

MONEY MARKET ANALYSIS  This week, the average lending rate slightly nudged upwards to 11.91% from 11.87%, underscoring stable conditions. On the flip side, interbank volumes dropped to KES 22.83bn from KES 28.31bn, in tandem with a 5.13% decline in transaction count.  The table below summarizes the market liquidity indicators:  Open market operations intensified this week,…

KENYA WEEKLY MARKET WRAP | 2 Dec 2024

KENYA WEEKLY MARKET WRAP | 2 Dec 2024

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…