Skip to content
Market News

Market confidence regained slightly after President nominates CBK governor

BY · June 3, 2015 07:06 am

Secondary Market: Trading in the secondary market subsided at the beginning of the week’s trading session as bond turnover stood at KES 696.40 million from KES 2.00 billion the previous day with only 7 bond deals transacted.

Nonetheless, market confidence regained slightly after President Uhuru Kenyatta nominated Dr. Patrick Ngugi Njoroge as CBK governor.

Money Market: Liquidity in the money market remained restrained, however, the interbank rate eased slightly by 20bps. Meanwhile, the USDKES exchange rate retraced back to the 96 level spurred by positive sentiments after the President nominated a name for CBK governor.

Trade Smarter, Grow Faster with Kingdom Bank Trade Finance

Central Bank’s Monetary Policy meeting set for 9 speculated to mitigate further shedding on the currency.

Upcoming auctions:

  • 3rd June 2015 – KES 3.0Bn 182 & KES 4.0BN 364-day T-bills
  • 4th June 2015 – KES 1 Bn 91 day T-bills

Trending Stories
Entrepreneur's Corner What Safaricom’s IPO Can Teach Every KPC IPO Investor Soko Directory Team
Headlines Heavy Rains, Thunderstorms To Hit The Following Regions As Kenya Met Department Issues Nationwide Alert Getrude Mathayo
Entrepreneur's Corner When the Noise Fades: An Old Man’s Letter to the Young About Life, Time, and Becoming Unshakable Steve Biko Wafula
Government and Policy Kenya Airways To Repatriate Passengers Between Nairobi and Dubai Soko Directory Team
Government and Policy KUCCPS Opens Applications For 31 KMTC Medical Courses, Eligibility And How To Apply Getrude Mathayo
Related Articles
Market News Absa Bank Kenya PLC Delivers KSh 22.9 Billion Profit as Efficiency Gains and Strong Risk Management Drive 2025 Performance Soko Directory Team
Market News KPC IPO Oversubscribed by 105%, Kenyans Take Up 63% Soko Directory Team
Market News BAT Kenya Announces Leadership Changes as Sidney Wafula Named Managing Director Soko Directory Team
Market News BAT Kenya Resumes Velo Sales After Regulatory Green Light Soko Directory Team
Market News GTBank Kenya Slashes Digital Transfer Fees Soko Directory Team
Explore Soko Directory
Banking Blogging Commodity Watch Did you know Entertainment Entrepreneur's Corner Feature Government and Policy Headlines Investment Lifestyle Market News Money Opinion Press Releases Stock Watch Technology
Soko Directory Archives