Browsing: Regional Bloc

The East Africa 15 (EA15) highlights on 15 of the most traded and highly capitalized stocks in the region on a monthly basis. The primary purpose of the EA15 is to give investors a description and perspective of the regional stock markets’ performance.

Kenya: Nairobi Securities Exchange (NSE)

The monetary policy committee reviewed the Central Bank Rate downward to 8.25% extending the loose monetary stance. The decision was on the back of a stable shilling, inflation remaining within target and improving private sector credit growth- which expanded by 7.1% in the year to December.

Adequate CBK foreign exchange reserve has helped the Kenya shilling to weather short-term shocks against major world currencies. To the US dollar, the shilling averaged lower by 0.74% to Kes100.6 compared to last month with highs of Kes100.4 recorded.

Liquidity improved month-on-month as interbank averaged at 4.4% compared to 4.9%. Short-term debt rates were relatively stable …