Weekly Markets Update EP 10: Gains in NSE Indices, Impact of the Stimulus Check, NMG Week on Week Decline, and how COVID-19 Measures will Further Impact EABL
In this episode, the Kenyan Wallstreet and Hisa Team discuss how foreign investors are exiting local markets, hoping that banking sector results will turn the tide. We are likely to see an increase in bond buying, which will reduce interest rates after the stimulus check caused asset price inflation. Investors fear that the next stimulus check will fuel inflation, hence outflows from emerging markets. NMG week on Week decline is a result of profit-taking, despite long term prospects in its digital strategy. The team also discusses KCB's partnership with Huawei for a decentralized digital banking product.
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