At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE) this week. A total of 35,099,800 shares in 764 deals, corresponding to a market value of KES 1,123,502,327.00, were traded. Compared with the previous NSE trading day (Thursday, November 28), today’s data shows 142% improvement in volume, 116% improvement in turnover, but 14% decline in deals. The current NSE market capitalization is KES 2.40 trillion. In the aggregate, 42 NSE...
Kenya Power and Lighting Company Plc and KenGen Plc on Friday said there would be a further delay in the announcement of their full-year results as the appointment of a new auditor general will not be finalized by end-November. Both the state-controlled companies must secure approval for reporting their corporate results from the government’s new auditor general, who’s be appointed as the previous occupant retired in August. The two companies, Kenya’s biggest electricity producer and...
Safaricom (NSE: SCOM) and the Postal Corporation of Kenya have today announced a partnership around the M-Post service, with a goal of rolling out digital Post Office Boxes to more than 5 million additional customers across the country. Under the partnership, Safaricom customers can visit mpost.co.ke or dial *234# (*234*1*9#) and conveniently register for a Post Office Box linked to their mobile number. The service will be priced at an affordable KES 300 annually. “Kenya’s economy is increasingly...
At the end of today’s trading session on the Nairobi Securities Exchange (NSE). [28-Nov-19] A total of 14,489,400 shares in 891 deals, corresponding to a market value of KES 520,603,087.00, were traded. Compared with the previous NSE trading day (Wednesday, November 27), today’s data shows 31% improvement in volume, 9% improvement in turnover, and 9% improvement in deals. The current NSE market capitalization is KES 2.38 trillion. In the aggregate, 42 NSE listed equities participated...
Centum Plc has recorded a net profit increase from KES 2.1 billion to KES 6.8 billion for the six-month period ended 30 September 2019, compared to a similar period in the prior year, on the back of a strong investment income performance. The Group’s Private Equity business recorded a KES 8.4 billion consolidated operating profit for the period ended 30 September 2019 compared to KES 1.3 billion recorded for a similar period in 2018. During...
At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 11,095,200 shares in 815 deals, corresponding to a market value of KES 475,644,854.00, were traded. Compared with the previous NSE trading day (Tuesday, November 26), today’s data shows 16% decline in volume, 50% decline in turnover, but 2.00% improvement in deals. The current NSE market capitalization is KES 2.37 trillion. In the aggregate, 41 NSE listed equities participated in...
East African Portland Cement Company has announced a delay in publication of their results for the Financial Year ended 30th June, 2019. In a statement published to shareholders today, the Board of Directors of the Company informed its shareholders and potential investors that the approval and publishing of the company’s audited financial statements for the period ended 30th June 2019 will be delayed. The delay is due to the fact that the process of appointment...
At the end of today’s trading session on the Nairobi Securities Exchange (NSE). [26-Nov-19] A total of 13,175,600 shares in 801 deals, corresponding to a market value of KES 951,488,281.00, were traded. Compared with the previous NSE trading day (Monday, November 25), today’s data shows 59% improvement in volume and 318% improvement in turnover. The current NSE market capitalization is KES 2.36 trillion. In the aggregate, 43 NSE listed equities participated in trading, ending with...
Family Bank has recorded a KES 1.01 Billion profit before tax in the nine months of 2019, registering a remarkable 274% growth in earnings compared to the same period in 2018. Higher loan uptake, steady growth in customer deposits and growth in operating income are the key drivers of the bank’s profitability and the same continue on an upward trajectory. The performance, covering the period up to end of September 2019, is an improvement from...
Kenya’s Central Bank has today announced the reduction of the benchmark lending rate (CBR) to 8.5% from the previous 9.0% for the first time since July 2018. The bank took note that inflation expectations remained well anchored within the target range, and assessed that the economy was operating below its potential level. Furthermore, the Committee noted the ongoing tightening of fiscal policy and concluded there was room for accommodative monetary policy to support economic activity....
At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE). [25-Nov-19] A total of 8,298,700 shares in 800 deals, corresponding to a market value of KES 227,811,753.00, were traded. Compared with the previous NSE trading day (Friday, November 22), today’s data shows 64% decline in volume and 69% decline in turnover and 0.5% improvement in deals. The current NSE market capitalization is KES 2.37 trillion. In the aggregate, 41 NSE...
On the trading week ended November 22nd. Global stocks turned bearish as news of trade optimism raised last week turned down with China terming the United States as the main barrier to international trade this year. The European equities on LSE moderately reacted to continuing electoral pressure by PM Boris Johnson. During the week, Standard Chartered Bank of Kenya, NCBA Group (NIC & CBA Group) released their results. BOC Kenya Plc issued a profit warning,...
The International Monetary Fund (IMF) has issued a report of the recent visit to Kenya. Led by Benedict Clements, the IMF team visited Kenya from November 18th – 22nd, 2019, to discuss recent economic developments and the government’s reform plans. Another mission is planned in early 2020 to hold discussions on a new precautionary stand-by arrangement and undertake the Article IV consultation discussions. At the end of the visit, Mr. Clements made the following statement:...
At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE) this week. [22-Nov-19] A total of 23,212,500 shares in 796 deals, corresponding to a market value of KES 744,057,466.00, were traded. Compared with the previous NSE trading day (Thursday, November 21), today’s data shows 34% improvement in volume, 7% improvement in turnover, and 15% improvement in deals. The current NSE market capitalization is KES 2.35 trillion. In the aggregate, 44...
At the end of today’s trading session on the Nairobi Securities Exchange (NSE). [21-Nov-19] A total of 17,260,600 shares in 692 deals, corresponding to a market value of KES 696,372,628.00, were traded. Compared with the previous NSE trading day (Wednesday, November 20), today’s data shows 18% decline in volume, 14% improvement in turnover, but 14% decline in deals. The current NSE market capitalization is KES 2.35 trillion. In the aggregate, 44 NSE listed equities participated...
Telecommunications company, Safaricom Plc has today officially announced a partnership with Kenya Breweries Limited (KBL) to connect and enhance its coolers. The connected coolers are wired with sensors which leverage on the Internet of things (IoT) – the inter-networking of “smart” devices that collect and exchange data. They will be provided free of charge to retailers and outlets countrywide. Jane Karuku, Managing Director, Kenya Breweries Limited said: “Over the years, we have been looking to...
The capital Markets Authority has granted Stanbic Africa Holdings Limited [SAHL] an extension period to buy more shares of Stanbic Kenya Holdings Plc on the Nairobi Securities Exchange. Stanbic Africa Holdings Limited (SAHL) had announced in 2018 the intention to purchase, through a Tender Offer an additional 59 million shares of Stanbic Holdings Plc, an equivalent of 15% of the shareholding to bring it’s 60% shareholding to just the minimum below 75%. Since then, Stanbic...
At the end of today’s trading session on the Nairobi Securities Exchange (NSE). [20-Nov-19] A total of 21,100,500 shares in 800 deals, corresponding to a market value of KES 612,799,340.00, were traded. Compared with the previous NSE trading day (Tuesday, November 19), today’s data shows 207% improvement in volume, 217% improvement in turnover, but 14% decline in deals. The current NSE market capitalization is KES 2.37 trillion. In the aggregate, 50 NSE listed equities participated...
At the end of today’s trading session on the Nairobi Securities Exchange (NSE). [19-Nov-19] A total of 6,870,400 shares in 927 deals, corresponding to a market value of KES 193,217,865.00, were traded. Compared with the previous NSE trading day (Monday, November 18), today’s data shows 23% decline in volume, 31% decline in turnover, but 9% improvement in deals. The current NSE market capitalization is KES 2.37 trillion. In the aggregate, 43 NSE listed equities participated...
Equity Group Holdings Plc has announced that it entered talks with Belgian entrepreneur, George Arthur Forrest and his family to acquire majority stake totaling to 66.5% Banque commerciale du Congo (BCDC) for a cost of Kes. 10.5 Billion. Equity Bank which entered DRC in 2015 through an acquisition of a local bank said this was in line with the company’s vision of becoming a regional leader in provision of Financial services. Once the acquisition is...
At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE). A total of 8,877,400 shares in 848 deals, corresponding to a market value of KES 279,500,126.00, were traded. Compared with the previous NSE trading day (Friday, November 15), today’s data shows 39% decline in volume, 17% decline in turnover, and 2% decline in deals. The current NSE market capitalization is KES 2.37 trillion. In the aggregate, 46 NSE listed equities...
Abojani Investment, a digital first personal finance management company that teaches investors on personal finance and investing in the stock market and money markets held it’s first ever investment summit on Saturday. The event dubbed #InvestIntelligently was held at Ngong Hills Hotel in Nairobi. The main speakers were Paul Mwai, CEO AIB Capital and board member NSE and Reuben Kimani CEO Username Investment Ltd. The company also celebrated the first anniversary of its WhatsApp investment...
Global stocks advanced on Hopes of a U.S.-China trade deal turned world stock markets and other risk assets higher on during the week. The escalating wave of pro-democracy global protests from Hong Kong to Chile left some deep scars in Emerging market stocks which were down 1.7% for the week,leaving the Hang Seng Index down 4.7%, its worst weekly performance in four months. Also in the week, Morgan Stanley Capital International ( MSCI) has made...
At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE) this week. [15-Nov-19] A total of 14,629,200 shares in 869 deals, corresponding to a market value of KES 336,959,882.00, were traded. Compared with the previous NSE trading day (Thursday, November 14), today’s data shows 7% decline in volume, 21% decline in turnover, but 5% improvement in deals. The current NSE market capitalization is KES 2.38 trillion. In the aggregate, 47...
KCB Group Plc has recorded a 6% growth y/y profits to Ksh19.2 billion net profit for the third quarter ending September 30,2019. In the results, Group CEO Joshua Oigara emphasized on sustained business ethics & banking standards to the impressive results. In the results, the positive view, Operating expenses (before provisions) were subdued (-0.7% y/y) as the 6.2% y/y rise in staff costs was outpaced by a 7.1% y/y decline in other operating expenses. Additionally,...
At the end of today’s trading session on the Nairobi Securities Exchange (NSE). a total of 15,776,800 shares in 830 deals, corresponding to a market value of KES 423,912,883.00, were traded. Compared with the previous NSE trading day (Wednesday, November 13), today’s data shows 31% improvement in volume, 0.47% improvement in turnover, and 7% decline in deals. The current NSE market capitalization is KES 2.41 trillion. In the aggregate, 47 NSE listed equities participated in...
Coffee farm Eaagads Limited has once again issued a profit warning to shareholders for the Financial year ending March 2020. These projections are based on projections of the Half year results which the company released today. This means the profits of the company will be 25% lower or more. In the Half year results, the Company incurred an after tax loss of Kshs. 43.3 Million, as compared to an after tax loss of Kshs.46.6 million...
At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 12,041,500 shares in 889 deals, corresponding to a market value of KES 421,927,718.00, were traded. Compared with the previous NSE trading day (Tuesday, November 12), today’s data shows 59% decline in volume, 51% decline in turnover, and 3% decline in deals. The current NSE market capitalization is KES 2.39 trillion. In the aggregate, 46 NSE listed equities participated in...
Former KCB Group Plc chief executive Martin Oduor-Otieno has been appointed the group chairman of East African Breweries Plc. Oduor-Otieno who has been a non-executive director at the board of the company since 2016 takes charge of his appointment from January 1 next year, taking over from Charles Muchene. Mr Oduor-Otieno, is best known in corporate Kenya for his role as the KCB Group chief executive between 2007 and 2012. Dr. Oduor-Otieno was appointed to the...
At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 29,322,600 shares in 913 deals, corresponding to a market value of KES 857,336,116.00, were traded. Compared with the previous NSE trading day (Monday, November 11), today’s data shows 105% improvement in volume, 29% improvement in turnover, and 25% improvement in deals. The current NSE market capitalization is KES 2.39 trillion. In the aggregate, 47 NSE listed equities participated in...
Novasure then a LEEP to have their periods and was showing gout other qualified healthcare provider that was all the information I was given. These are the website fats that are used in the body to help you get your cholesterol levels under control.At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE) this week. [11-Nov-19] A total of 14,273,500 shares in 732 deals, corresponding to a market value of...
On the trading week ended November 8th,2019. Global stocks advanced on Monday as investors banked on the likelihood of stimulus measures from the Japan & European central banks to reverse slowing growth, while the pound hit a six-week low globally as Brexit news continue to trickle in, growing concerns of a choppy trading on wavering hopes for Britain’s ability to leave the European Union with a deal Listed Stocks on the Nairobi Securities Exchange had...
On the trading week ending October 11,2019. Stocks rose globally on optimism that Chinese and U.S. officials made progress in negotiations that laid the groundwork for a truce on additional tariffs. Positive comments on the Brexit front added to the optimism, leading international developed-market stocks to record their biggest weekly rise in four months Local Stocks on the Nairobi Securities Exchange had a bull run on optimism that the Kenyan legislature will support repeal...
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