Home2020January 2020 - The Trading Room

Market Report 31 January, 2020

At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE) this week. A total of 10,001,400 shares in 682 deals, corresponding to a market value of KES 453,072,875.00, were traded. Compared with the previous NSE trading day (Thursday, January 30), today’s data shows 44% decline in volume, 35% decline in turnover, and 17% decline in deals. The current NSE market capitalization is KES 2.46 trillion. In the aggregate, 44 NSE...

KQ, African Airlines suspend flights to China on Coronavirus

Kenya Airways on Friday said that they had suspended all flights to and from China until further notice after the world Health Organization [WHO] declared the corona virus outbreak an international health emergency. The virus that has killed more than 200 people in China and spread to 18 countries pushed major airliners including British Airways, Royal Dutch Airlines and Air France to suspend operations to & from the Asian nation. Kenya Airways, which operates one...

EABL’S Half-Year Pre-Tax Profit Rises 9% to Kes 10.6 Billion, Dividend up 20%

East African Breweries Limited (EABL) has announced a pre-tax profit of Kshs 10.6 billion during the half-year ending 31 December 2019, representing a 9% increase compared to the same period last year. Profit after tax also grew at the same rate, reaching Kshs 7.2 billion during the period under review. Net sales were up 10% to Kshs 45.9 billion, driven by higher volumes, up 5% across the Group and categories, and better price mix across...

Market Report 30 January, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 17,979,500 shares in 826 deals, corresponding to a market value of KES 698,855,876.00, were traded. Compared with the previous NSE trading day (Wednesday, January 29), today’s data shows 15% decline in volume, 9% improvement in turnover, and 16% improvement in deals. The current NSE market capitalization is KES 2.47 trillion. In the aggregate, 49 NSE listed equities participated in...

Market Report 29 January, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 21,169,400 shares in 710 deals, corresponding to a market value of KES 638,617,424.00, were traded. Compared with the previous NSE trading day (Tuesday, January 28), today’s data shows 106% improvement in volume, 100% improvement in turnover, but 10% decline in deals. The current NSE market capitalization is KES 2.45 trillion. In the aggregate, 48 NSE listed equities participated in...

Market Report 28 January, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 10,275,500 shares in 791 deals, corresponding to a market value of KES 319,852,700.00, were traded. Compared with the previous NSE trading day (Monday, January 27), today’s data shows 4% decline in volume, 19% decline in turnover, and 12% decline in deals. The current NSE market capitalization is KES 2.45 trillion. In the aggregate, 47 NSE listed equities participated in...

Central Bank of Kenya Cuts Benchmark Lending Rate Again

In the past Viagra and other ED medications worked very well, but in the past couple of years, they have stopped https://vgrsingapore.net/cipro-singapore.html working. Renting an apartment in Rome How do I book colosseum entry tickets?The Central Bank of Kenya (CBK) has cut rates for a second consecutive time, as the economy continues to operate below potential. The monetary policy committee cut the central bank rate 25 basis points to 8.25% today (January 27). Policy-makers noted...

Market Report 27 January, 2020

At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE) this week. A total of 10,654,700 shares in 897 deals, corresponding to a market value of KES 393,029,635.00, were traded. Compared with the previous NSE trading day (Friday, January 24), today’s data shows 7% decline in volume, 5% decline in turnover, but 49% improvement in deals. The current NSE market capitalization is KES 2.48 trillion. In the aggregate, 48 NSE...

SBM Bank Files Application to Liquidate East African Cables

State Bank of Mauritius (SBM) Kenya has this afternoon filled an application at the High Courts requesting to Liquidate the assets of listed firm, East African Cables Plc. In court fillings through their advocates, Robinson Harris & Company, SBM states that it believes beyond reasonable doubt that East African Cables is insolvent and will not pay the loans it owes the firm. In October 2019, Equity Bank took over a total of Sh2 billion worth...

The Trading Room: Weekly Market Review – Week 4,2020.

Just one week after showing stability, the spread of a new virus (corona virus) from China to other countries has raised fears that it could impede growth. Reacting to memories of the short-lived economic damage done by the SARS virus in 2002-2003, equities markets worldwide retreated this week. The virus has prompted the suspension of public transport in 10 Chinese cities. Health authorities fear the infection rate could accelerate over the Lunar New Year holiday...

Market Report 24 January, 2020

At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE) this week. A total of 11,508,500 shares in 601 deals, corresponding to a market value of KES 411,574,281.00, were traded. Compared with the previous NSE trading day (Thursday, January 23), today’s data shows 52% decline in volume, 46% decline in turnover, and 18% decline in deals. The current NSE market capitalization is KES 2.51 trillion. In the aggregate, 44 NSE...

Market Report 23 January, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 23,818,800 shares in 734 deals, corresponding to a market value of KES 756,487,763.00, were traded. Compared with the previous NSE trading day (Wednesday, January 22), today’s data shows 66% improvement in volume, 43% improvement in turnover, but 16% decline in deals. The current NSE market capitalization is KES 2.51 trillion. In the aggregate, 44 NSE listed equities participated in...

Green Bonds 101: The next big thing in Fixed Income.

In February 2019, Capital Markets Authority issued the guidelines for the green bond issuance in the country. Six months later in August 2019, Acorn Project (Two) Limited Liability Partnership became the first company to offer a green bond through a “restricted offer” meaning the Issuer (Acorn) was to raise the funds from only targeted sophisticated (professional) investors. Last week, Acorn Listed the Bond for secondary trading on the Nairobi Securities Exchange and continued to cross-list the...

Market Report 22 January, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 14,350,500 shares in 878 deals, corresponding to a market value of KES 529,742,358.00, were traded. Compared with the previous NSE trading day (Tuesday, January 21), today’s data shows 45% decline in volume, 30% improvement in turnover, but 55% decline in deals. The current NSE market capitalization is KES 2.51 trillion. In the aggregate, 47 NSE listed equities participated in...

Market Report 21 January, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 26,158,700 shares in 1,933 deals, corresponding to a market value of KES 407,536,367.00, were traded. Compared with the previous NSE trading day (Monday, January 20), today’s data shows 65% improvement in volume, 45% decline in turnover, but 109% improvement in deals. The current NSE market capitalization is KES 2.52 trillion. In the aggregate, 44 NSE listed equities participated in...

Kenya’s first green bond Cross Lists on the London Stock Exchange

Acorn Holdings this morning cross-listed their green bond on the London Stock Exchange, barely a week after the bond went public at the Nairobi Securities Exchange. President Kenyatta today rang the bell to kick off the trading of Kenya’s first green bond at the London Stock Exchange (LSE). Speaking during the launch, he urged UK investors to use Kenya as a gateway to investing in Africa and as a bridge to the emerging market of...

Market Report 20 January, 2020

At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE) this week. A total of 15,872,900 shares in 924 deals, corresponding to a market value of KES 737,166,564.00, were traded. Compared with the previous NSE trading day (Friday, January 17), today’s data shows 6% improvement in turnover and 26% improvement in deals. The current NSE market capitalization is KES 2.53 trillion. In the aggregate, 42 NSE listed equities participated in...

Analysts issue a BUY on Safaricom

Analysts at SBG Securities have issued a buy recommendation on listed telecommunications firm Safaricom Plc [NSE:SCOM] at the current price levels of Kes 33.00. SBG becomes the first investment bank in the country to issue a recommendation on the stock this year. Under all factors, Safaricom has been perceived to be over-valued with a book value of Kes. 23.50, however, investors are still willing to own a chunk of the most successful company in East...

The Trading Room: Weekly Market Review – Week 3,2020.

Global markets continue to rebound this week on the signing of the initial US-China deal at Washington on Wednesday. U.S president Donald Trump is expected to go to China later this year and sign the final deal with China’s president Xi Jinping. The dollar rose while key world and stock indexes on Wall Street scaled new records on Thursday as the U.S.-China trade deal, strong corporate earnings and encouraging U.S. economic data lifted equity markets.Oil...

Market Report 17 January, 2020

At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE) this week. A total of 15,914,100 shares in 733 deals, corresponding to a market value of KES 697,512,686.00, were traded. Compared with the previous NSE trading day (Thursday, January 16), today’s data shows 29% decline in volume, 27% decline in turnover, and 15% decline in deals. The current NSE market capitalization is KES 2.52 trillion. In the aggregate, 48 NSE...

Kenya to borrow 100 Billion from the World Bank

Kenya is in advanced talks with the World Bank for “a fairly priced” loan of up to 100 billion shillings ($991.57 million), nearly half of its required external funding this fiscal year, a senior Treasury official said on Friday. This is in line with the treasury’s plan to cut debt from overseas capital markets, after a borrowing spree in recent years, including Euro-bond offerings, a package of Chinese loans and syndicated commercial loans. The World...

Nigeria’s Largest Bank fully Acquires Kenya’s Transnational Bank

The Central Bank of Kenya announces the acquisition of up to 100 percent of the shareholding of Transnational Bank Plc by Access Bank Plc. This follows a prior CBK’s approval notice which was issued on December 24, 2019 In a statement sent to Newsrooms this morning, CBK said, the acquisition come to effect from February 1, 2020. Transnational Bank Plc commenced operations in December 1985. Currently, the bank has twenty-eight (28) branches (including the head...

Forex 101: A Beginners Guide to Trading Explained

The foreign exchange market, or Forex (FX) for short, is a decentralized market place that facilitates the buying and selling of different currencies has recently gained a lot of traction in the country with Scope Markets being the latest entrant in the Currency markets space after EGM Securities. This takes place over the counter (OTC) via the inter-bank market instead of on a centralized exchange. Without knowing it, you have probably participated in the foreign exchange...

Market Report 16 January, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). a total of 22,305,300 shares in 863 deals, corresponding to a market value of KES 956,061,475.00, were traded. Compared with the previous NSE trading day (Wednesday, January 15), today’s data shows 15% improvement in volume, 22% improvement in turnover, but 8% decline in deals. The current NSE market capitalization is KES 2.56 trillion. In the aggregate, 46 NSE listed equities participated in trading,...

Ethiopian Airlines Announces $ 5 Billion Mega Airport

Africa’s most profitable airline company has announced that they will commence construction of Africa’s largest airport in six months time. Ethiopian Airline’s chief executive officer Tewolde Gebremariam told the Ethiopian Broadcasting Corporation that the airport may be bigger than France’s Charles de Gaulle. The new facility would reduce congestion at Bole Airport, Addis Ababa’s present international airport. He said, the new airport would be constructed on a 35 sq km of land between the town of...

Initial US – China trade deal signed.

After more than two years of rising tension, the US and China have signed a deal aimed at calming trade frictions. The agreement has been hard-fought, but it is unclear how much economic relief from their trade war it will offer. Tariffs – in some cases at a lower rate – will remain in place. Analysts say it’s unlikely that the deal will produce gains sufficient to outweigh the losses already suffered.   Trump said...

Market Report 15 January, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 19,469,200 shares in 941 deals, corresponding to a market value of KES 783,149,721.00, were traded. Compared with the previous NSE trading day (Tuesday, January 14), today’s data shows 2% improvement in volume, 2% improvement in turnover, but 2% decline in deals. The current NSE market capitalization is KES 2.54 trillion. In the aggregate, 44 NSE listed equities participated in...

Market Report 14 January, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 19,014,200 shares in 960 deals, corresponding to a market value of KES 771,474,273.00, were traded. Compared with the previous NSE trading day (Monday, January 13), today’s data shows 9% decline in volume, 11% decline in turnover, and 22% decline in deals. The current NSE market capitalization is KES 2.59 trillion. In the aggregate, 46 NSE listed equities participated in...

Market Report 13 January, 2020

At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE) this week. A total of 20,945,700 shares in 1,235 deals, corresponding to a market value of KES 864,294,232.00, were traded. Compared with the previous NSE trading day (Friday, January 10), today’s data shows 3% improvement in volume, 3% improvement in turnover, and 19% improvement in deals. The current NSE market capitalization is KES 2.6 trillion. In the aggregate, 45 NSE...

The Trading Room: Weekly Market Review – Week 2,2020.

The stock market’s top indexes all scrambled to new highs Thursday, as global markets rallied on a cooling of U.S.-Iran tension, and after China confirmed that it will be signing a preliminary trade deal with the U.S. early next week. U.S President Donald Trump had indicated that he will be visiting China later in the year to sign the final phase of a US-China Trade deal. The US-China trade war has been blamed for slow...

Market Report 10 January, 2020

At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE) this week. A total of 20,315,500 shares in 1,039 deals, corresponding to a market value of KES 836,879,319.00, were traded. Compared with the previous NSE trading day (Thursday, January 9), today’s data shows 25% improvement in volume, 26% improvement in turnover, but 3% decline in deals. The current NSE market capitalization is KES 2.6 trillion. In the aggregate, 43 NSE...

Market Report 09 January, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 16,264,100 shares in 1,068 deals, corresponding to a market value of KES 664,803,036.00, were traded. Compared with the previous NSE trading day (Wednesday, January 8), today’s data shows 78% improvement in volume, 98% improvement in turnover, and 98% improvement in deals. The current NSE market capitalization is KES 2.6 trillion. In the aggregate, 46 NSE listed equities participated in...

Market Report 08 January, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). [08-Jan-2020] A total of 9,115,800 shares in 539 deals, corresponding to a market value of KES 336,308,855.00, were traded. Compared with the previous NSE trading day (Tuesday, January 7), today’s data shows 51% decline in volume, 48% decline in turnover, and 45% decline in deals. The current NSE market capitalization is KES 2.54 trillion. In the aggregate, 39 NSE listed equities participated...

CDSC system Glitch Affects Trading at the NSE

Trading from the broker back office systems have been affected this morning as settlement cycle at CDSC was affected after close of trading yesterday. This however has not affected live trading at the NSE as traders can input trades directly on the Active Trader (AT) system. This however is not possible for investors who are trying to access the system through the popular Online Trading platforms. Reports from at least three brokerage firms indicate that...

End of the Tunnel for Nakumatt as Creditors Vote to Liquidate the firm.

Kenya’s Giant retailer Nakumatt Holdings Limited is due to completely shut down after the company’s creditors have today given the green light for its liquidation. Earlier this week, creditors of the firm had indicated that they will be seeking investigators to trace assets of former managing direcor Mr. Atul Shah. According to Peter Kahi, the company’s administrator from PFK consulting, 92% of the creditors approved the liquidation. Implying the retailer unable to pay outstanding debt...

Market Report 07 January, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 18,630,000 shares in 982 deals, corresponding to a market value of KES 640,640,750.00, were traded. Compared with the previous NSE trading day (Monday, January 6), today’s data shows 221% improvement in volume, 240% improvement in turnover, and 31% improvement in deals. The current NSE market capitalization is KES 2.53 trillion. In the aggregate, 47 NSE listed equities participated in...

Market Report 06 January, 2020

At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE). A total of 5,809,700 shares in 749 deals, corresponding to a market value of KES 188,513,367.00, were traded. Compared with the previous NSE trading day (Friday, January 3), today’s data shows 36% improvement in volume, 10% improvement in turnover, and 4% improvement in deals. The current NSE market capitalization is KES 2.54 Trillion. In the aggregate, 43 NSE listed equities...

The Trading Room: Weekly Market Review – Week 1,2020.

Global commodities market surged to start 2020 on a high note. Oil prices surged as much as $3 a barrel as gold, the yen and safe-haven bonds all rallied on Friday after the U.S. killing of Iran’s top military commander in an air strike in Iraq ratcheted up tensions between Washington and Tehran. Traders were spooked after the death of Major General Qassem Soleimani, head of the elite Quds Force who was also one of...

Market Report 03 January, 2020

At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE). A total of 4,284,100 shares in 718 deals, corresponding to a market value of KES 171,008,261.00, were traded. Compared with the previous NSE trading day (Thursday, January 2), today’s data shows 105% improvement in volume, 122% improvement in turnover, and 32% improvement in deals. The current NSE market capitalization is KES 2.54 trillion. In the aggregate, 43 NSE listed equities...

Start 2020 By Reviewing Your Portfolio

As 2020 picks up, investors can look back on 2019 as an excellent year. While investors fretted about an impending recession in late 2018, those worries abated in 2019 and global stocks posted a tremendous rally. Portfolio health is an important aspect of investing in the securities market. A disciplined investor can use an annual portfolio review as a way to check up on their portfolio -and potentially make some changes- within the context of...

Market Report 02 January, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 2,091,200 shares in 543 deals, corresponding to a market value of KES 76,905,904.00, were traded. Compared with the previous NSE trading day (Tuesday, December 31), today’s data shows 80% decline in volume, 75% decline in turnover, and 22% decline in deals. The current NSE market capitalization is KES 2.52 trillion. In the aggregate, 38 NSE listed equities participated in...

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