Home2019October 2019 - The Trading Room

EABL Employees Increase Stake in Firm

EABL’s employee share ownership plan (Esop) increased their shareholding of the firm by 495,965 to stand at 2.4 Million shares with a value of 585Million. EABL’s ESOP compensation plan encourages employees to own shares in the company and the staff are not required to meet any performance targets to participate in the scheme. The Esop is split into two, with ordinary employees assigned the most lucrative version which gives them a 20 percent discount.  

Market Report 01-Oct-19

At the end of today’s trading session on the Nairobi Securities Exchange.[01-Oct-19] A total of 18,418,800 shares in 884 deals, corresponding to a market value of KES 367,297,101.00, were traded. 48 equities participated in trading, ending with 18 ✅gainers and 16 ?losers. Sasini Plc [SASN] led the gainers with ✅7.69% share price appreciation, followed by: ✅WPP Scangroup Plc SCAN✅BAT Kenya Plc BAT ✅Car & General Plc C&G. On the losing side, Nairobi Business Ventures [NBV]...

NSE Updates Issuer Codes for Select Companies.

The Nairobi Securities Exchange on Thursday issued a notice of change of issuer ticker codes for certain select counters. This comes just days after the NSE updated systems went live on Monday. The changed codes is in line with companies that have changed their names, Merged or had symbols in their names. The codes will as well bring a uniform standard issuer format in code for the NSE for listings to come. The stocks affected...

Market Report 16-Oct-19

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). [16-Oct-19] A total of 11,641,700 shares in 659 deals, corresponding to a market value of KES 361,769,360.00, were traded. In the aggregate, 51 NSE listed equities participated in trading, ending with 12 ✅gainers and 25 ?losers. I&M Holdings Plc [IMH] led the gainers with ✅9.13% share price appreciation closing at 49.00 KES per share, followed by: ✅Home Afrika Plc [HAFR](6.52%)✅Eveready Plc [EVRD](3.74%)✅Bamburi...

IMF: Kenya’s economic growth forecast for 2019/20 to be lower.

Kenya’s economy is expected to expand by 5.6% this year and 6.0% in 2020, the International Monetary Fund said on Tuesday, lowering its forecasts from earlier this year which was a growth of 5.8% for 2019, and 5.9% for next year. IMF did not however say what was behind the lower projections in its latest World Economic Outlook. The IMF’s latest forecast is also lower than that of the Kenyan government which the Cabinet Secretary...

International Monetary Fund: World Economy to will Be Weakest Since 2008 Financial Crisis

The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis primarily because of widening global conflicts. The IMF’s latest World Economic Outlook foresees a slight rebound in 2020 but warns of threats ranging from heightened political tensions in the Middle East to the threat that the United States and China will fail to prevent their trade war from...

Market Report 15-Oct-19

At the end of today’s trading session on the Nairobi Securities Exchange. A total of 3,275,900 shares in 651 deals, corresponding to a market value of KES 76,608,550.00, were traded. 41 equities participated in trading, ending with 20 ✅gainers and 15 ?losers. Carbacid Plc [CARB] led the gainers with ✅10.00% share price appreciation, followed by: ✅Kenya Airways Plc [KQ](5.51%)✅Flame Tree Group Holdings [FTGH](4.76%)✅Longhorn Publishers Plc [LKL](4.27%) On the losing side, Car & General Plc [C&G]...

NSE, Shenzhen Stock Exchange launch V-Next Connect joint.

The Nairobi Securities Exchange & Shenzhen Stock Exchange (SZSE) have this morning jointly launched a cross-border match-making platform called V-Next, a one-stop pitching mechanism among qualified investors, intermediaries and start-ups to promote the Small and Medium Enterprise Board. This was announced on the commencement of the China-Kenya Capital Market Service Initiative Forum, an initiative by China & Kenya’s CMA in a bid to expand and seek sustainable practices in the capital markets space. The platform...

Market Report 14-Oct-19

At the end of the first weekday of trading on the Nairobi Securities Exchange this week.[14-Oct-19] A total of 2,501,900 shares in 415 deals, corresponding to a market value of KES 141,832,986.00, were traded. 39 equities participated in trading, ending with 17 ✅gainers and 17 ?losers. Unga Group Plc [UNGA] led the gainers with ✅9.35% share price appreciation, followed by: ✅Express Kenya Plc [XPRS](9.23%)✅Home Afrika Plc [HAFR](6.52%)✅Longhorn Kenya Plc [LKL](4.46%) On the losing side, Kenya...

CBA Capital, NIC Capital & NIC Securities to Merge.

NIC Securities and NIC Capital Limited, subsidiaries of former NIC Group Plc will be merged with CBA Capital of CBA Group Limited. This comes after the Merged Unit of CBA & NIC groups started operations as NCBA Group Plc which was effected from 1st October,2019. NIC Capital will undertake businesses of the merged entity of CBA Capital, NIC Securities and NIC Capital. On completion of the process, the three companies, both the merged entities investment...

Market Report 11-Oct-19

At the end of the last weekday of trading on the Nairobi Securities Exchange this week.[11-Aug-19] A total of 12,586,500 shares in 743 deals, corresponding to a market value of KES 392,021,431.00, were traded. 46 equities participated in trading, ending with 21 ✅gainers and 14 ?losers. Eveready Plc [EVRD] led the gainers with 10.00% share price appreciation, followed by: ✅Crown Paints Plc [BERG](9.09%)✅Nairobi Business Ventures [NBV](8.43%)✅BOC Kenya Plc [BOC](6.45%) On the losing side, East African...

Safaricom shares Stable on News of Planned Stake in Ethio Telecom.

Safaricom Shares slightly rallied by 0.71% but stabilized to 28.50 this morning after news on talks to acquire stake in Ethio Telecom went public today. Safaricom’s Acting Chief Executive Michael Joseph yesterday said they were at an advanced level of talks with the Ethiopian regulators to get licence of operations; starting from scratch or through an acquisition into Ethio Telecom. The State owned-Ethio Telecom currently has a monopoly, being the only company to provide voice,...

Market Report 09-Oct-19

At the end of today’s trading session on the Nairobi Securities Exchange.[09-Oct-19] A total of 7,760,100 shares in 728 deals, corresponding to a market value of KES 241,179,647.00, were traded. 42 equities participated in trading, ending with 17 ✅gainers and 20 ?losers. Sasini Plc [SASN] led the gainers with ✅9.79% share price appreciation, followed by: ✅Eveready Plc [EVRD](4.17%)✅Stanlib Fahari I-Reit [FAHR](4.13%)✅Kenya Power & Lighting Company [KPLC] (3.90%) On the losing side, Liberty Holdings Plc [CFCI]...

NSE’s Upgraded System to go live on Monday.

The new Active Trader System of the Nairobi Securities Exchange is set to go live next Monday 14 October, 2019 bringing an end to a long wait for system change by traders and participants in the Equities Market Space. This comes in the week of user data migration by the Central Depository & Settlement Corporation from Oracle Based servers to Perago Group depository system. The New Active Trader by the MIT now opens a final...

Market Report 08-Oct-19

At the end of today’s trading session on the Nairobi Securities Exchange.[08-Oct-19] A total of 7,489,700 shares in 821 deals, corresponding to a market value of KES 326,100,699.00, were traded. 50 equities participated in trading, ending with 19 ✅gainers and 20 ?losers. Liberty Holdings Plc [CFCI] led the gainers with ✅7.80% share price appreciation, followed by: ✅Standard Group Plc [SGL](6.86%)✅East African Cables Plc [CABL](6.43%)✅Stanlib Fahari I-Reit [FAHR](5.37%) On the losing side, Crown Paints Plc [BERG]...

Hong Kong Stock Exchange Drops LSE Bid. Turns Focus to Asian Markets

Hong Kong Exchanges & Clearing Ltd. said it won’t proceed with its 29.6 billion-pound ($36.4 billion) unsolicited takeover bid for London Stock Exchange Group Plc, another failed cross-border deal in the exchange sector that ends the Asian bourse’s ambitions to be a link between Europe and China. The decision is a rare setback for HKEX Chief Executive Officer Charles Li, who had a vision of London at the center of trading between East and West — with the help of Hong...

Market Report 07-Oct-19

At the end of the first weekday of trading on the Nairobi Securities Exchange this week. [07-Oct-19] A total of 14,313,200 shares in 803 deals, corresponding to a market value of KES 429,990,105.00, were traded. 44 equities participated in trading, ending with 13 ✅gainers and 26 ?losers. I&M Holdings Plc [I&M] led the gainers with ✅7.65% share price appreciation, followed by: ✅Uchumi Supermarkets Plc [UCHM](7.41%) ✅Nairobi Business Ventures [NBV](4.76%) ✅Kenya Airways Plc [KQ](1.94%) On the...

Lonhorn leads in absolute gains at the NSE.

Longhorn Publishers Plc has had the highest investor returns on absolute gains since the year began. In a recent report by Rich Management, the listed publishing house has had an investor return of 60.52% since the year began. On the first day of trading this year, LKL closed at Kes. 4.64 per share and it has risen in gains to close last Friday at Kes. 7.40 per share. Other remarkable counters that have seen a...

Market Report 04-Oct-19

At the end of the last weekday of trading on the Nairobi Securities Exchange this week.[04-Oct-19] A total of 12,728,400 shares in 692 deals, corresponding to a market value of KES 363,605,232.00, were traded. 45 equities participated in trading, ending with 15 ✅gainers and 20 ?losers. Flame Tree Group Holdings [FTGH] led the gainers with ✅10.00% share price appreciation, followed by: ✅Eveready Plc [EVRD](5.94%)✅Kenya Airways Plc [KQ](5.74%)✅Express Kenya Plc [XPRS](4.62%) On the losing side, Eaagads...

KCB Lists additional shares in NBK deal.

KCB Group Plc has listed an additional 142,979,717 shares at the Nairobi Securities Exchange (NSE) following the successful acquisition of the National Bank of Kenya (NBK). All NBK shareholders who accepted the offer can now be able to sell their shares as KCB at the exchange. The new shares, most of which will have been taken up by the National Treasury and National Social Security Fund (NSSF), are now freely trade-able on the Nairobi Securities...

Market Report 03-Oct-19

At the end of today’s trading session on the Nairobi Securities Exchange.[03-Sep-19] A total of 23,924,600 shares in 761 deals, corresponding to a market value of KES 764,125,952.00, were traded. 42 equities participated in trading, ending with 18 ✅gainers and 18 ?losers. Liberty Holdings Plc [CFCI] led the gainers with ✅9.73% share price appreciation, followed by: ✅East African Portlanc Cement Company [PORT](5.71%)✅East African Cables Plc [CABL](3.81%)✅Bamburi Cement Plc [BAMB](3.26%) On the losing side, Eveready Plc...

Kenya’s credit rating to be out soon – Moody’s

Otros factores menos volátiles, como la exposición al asbesto, pueden contribuir a la existencia de cáncer digestivo. La filtración ha demostrado que los kayakistas que son leídos por su condición física aeróbica obtienen más puntos en kayak que la terbinafina en línea, son más baratos en una tensión o en un ergómetro para pacientes, e https://vgres.net/compra-cialis-daily-sinreceta.html incluso más cuando se hunden en sus propios barcos. Moody’s Investors Service has completed the periodic review of its...

Market Report 02-Oct-19

At the end of today’s trading session on the Nairobi Securities Exchange. [02-Oct-19] A total of 20,381,400 shares in 862 deals, corresponding to a market value of KES 581,542,642.00, were traded. 47 equities participated in trading, ending with 19 ✅gainers and 15 ?losers. CIC Insurance Group Plc [CIC] led the gainers with ✅8.17% share price appreciation, followed by: ✅Olympia Capital Holdings [OCH] (4.48%)✅Car & General Plc [C&G] (4.35%)✅Kenya Reinsurance Corporation [KNRE](4.29%) On the losing side,...

CDSC to suspend some services for a week as systems upgrade now complete.

The Central Depository & Settlement Corporation will suspend most of its services for one week starting Monday 7th to Friday 11th October,2019 as it completes the transfer of user data from the oracle based system to a new vendor. Services to be suspended include new user account creation and client account data update services. During this period new investors will not be able to open a new CDSC account and current investors will not be...

Portland Seeks to sell land to pay lenders.

Loss-making East African Portland Cement Company is seeking approval from shareholders to sell land and pay off 5.4 billion shillings it owes KCB Group Plc. EAPCC which is Kenya’s oldest cement manufacturer has disclosed it has plans to dispose 2,000 acres of its land after defaulting on obligations for the past two years.This was included in the circular sent to shareholders ahead of this Friday’s AGM to vote on the proposed sale. The cement maker needs between...

Market Report 01-Oct-19

At the end of today’s trading session on the Nairobi Securities Exchange.[01-Oct-19] A total of 18,418,800 shares in 884 deals, corresponding to a market value of KES 367,297,101.00, were traded. 48 equities participated in trading, ending with 18 ✅gainers and 16 ?losers. Sasini Plc [SASN] led the gainers with ✅7.69% share price appreciation, followed by: ✅WPP Scangroup Plc [SCAN] (5.26%)✅BAT Kenya Plc [BAT](5.15%)✅Car & General Plc [C&G](4.55%) On the losing side, Nairobi Business Ventures [NBV]...

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