The Derivatives Market had 2 contracts valued at Kes 50,450 transacted in today’s trading session. This was against the 6 contracts valued at Kes 201,400 concluded in the previous session.
Home2020June 2020 - The Trading Room
The number of new coronavirus cases in the US fell below 40,000 for the first time in four days on Monday, but states in the west and south of the country remain on high alert
The Dow Jones Industrial Average rose 580.25 points, or 2.32%, to 25,595.8, the S&P 500 gained 44.19 points, or 1.47%, to 3,053.24 and the Nasdaq Composite added 116.93 points, or 1.2%, to 9,874.15.
The secondary bond market on the Nairobi Securities Exchange recorded a moderate rise in activity with bonds worth Kes 1.17 Billion achieved in 105 deals on the market as compared to the Kes 4.62 Billion achieved in 135 deals recorded during the previous trading session
In the U.S., coronavirus cases recently surged by more than 45,000 in a day, according to John Hopkins University data.
West Texas Intermediate for August delivery fell 1.9% to $37.75 a barrel on the New York Mercantile Exchange as of 8:16 a.m. in Singapore. Brent for August settlement declined 1.8% to $40.28 a barrel on the ICE Futures Europe exchange after dropping 2.8% last week.
A market maker might place a bid for 100 shares near the last sale price and a bid for 1,000 at 10% below that price. If someone naively attempts to sell 1,000 shares at the market price, then they might only get what they expected for the first 100 and get 10% less for the rest. It is necessary to use limit orders for low-volume stocks if you want to avoid these losses.
The pan-European STOXX Europe 600 Index ended the week 1.89% lower, with major European indexes mixed. Germany’s DAX Index declined 2.09%, while Italy’s FTSE MIB Index slipped 2.33%, and France’s CAC-40 Index slid 1.34%. The UK’s FTSE 100 Index fell 0.87%.
The Dow Jones Industrial Average fell 730.05 points, or 2.84%, to 25,015.55, the S&P 500 lost 74.71 points, or 2.42%, to 3,009.05 and the Nasdaq Composite dropped 259.78 points, or 2.59%, to 9,757.22.
The secondary bond market on the Nairobi Securities Exchange recorded a moderate rise in activity with bonds worth Kes 4.62 Billion achieved in 135 deals on the market as compared to the Kes 4.31 Billion achieved in 139 deals recorded during the previous trading session.
Kengen has already obtained pre-requisite laboratory approvals from the KenyaBureau of Standards to manufacture the detergent.
Markets in China remained closed on Friday for a holiday
The Dow Jones Industrial Average rose 299.66 points, or 1.2%, to 25,745.60. The Nasdaq, which hit an all-time high earlier this week, gained 107.84 points, or 1.1%, to 10,017. The Russell 2000 index of small company stocks notched the biggest gain, climbing 23.57 points, or 1.7%, to 1,413.31.
The derivatives market had 5 contracts valued at Kes 111,550 concluded during today’s session. This was against the 12 contracts valued at Kes 407,500 concluded during the previous trading session.
Markets in China and Hong Kong are closed on Thursday for a holiday.
The Dow Jones Industrial Average lost 710.16 points, or 2.7%, to 25,445.94. The Nasdaq, which was coming off its second all-time high this week, fell 222.20 points, or 2.2%, to 9,909.17. Small company stocks fared worse than the rest of the market. The Russell 2000 index gave up 49.60 points, or 3.4%, to 1,389.74.
CBK said it saw a significant increase in the use of mobile money channels by individuals in both value and number of transactions, since the elimination of charges for transactions of Sh1,000 and below.
The derivatives market had 12 contracts valued at Kes 407,805 concluded during today's session. This was against the 5 contracts valued at Kes 146,850 concluded during the previous trading session.
The Australian dollar changed hands at $0.6958 after seeing an earlier low of $0.6923.
The S&P 500 posted 25 new 52-week highs and no new lows; the Nasdaq Composite recorded 142 new highs and eight new lows.
China, the world’s top crude importer, is also expected to slow crude imports in the third quarter, after record purchases in recent months,
Kenya Power & Lighting Company Plc led the gainers with a 7.94% share price appreciation closing at KES 2.04 per share.
Mainland Chinese stocks were mixed in morning trade, with the Shanghai composite down fractionally while the Shenzhen component rose 0.168%.
When you go to the market to borrow money, the market is looking at your current and past behavior
The Derivatives market of the NSE had no contracts concluded in today's trading session.
The revision of the Outlook on Kenya's IDRs reflects Fitch's view that the coronavirus shock will drive a sharp economic slowdown and deterioration in the budget deficit and government debt/GDP ratio in 2020, against a background of a weak track record of fiscal consolidation.
Hong Kong’s Hang Seng index dipped 0.3% in early trade. Mainland Chinese stocks, on the other hand, edged higher. The Shanghai composite gained 0.13% while the Shenzhen component added 0.417%.
Oil capped its seventh weekly gain in eight on Friday with traders Vitol Group and Trafigura Group saying global demand is recovering
Safaricom Plc recorded a 1.48% share price appreciation to Kes.30.90, up from Kes.30.45 registered the previous week with shares worth Kes.1.4 billion transacted; this represented 46.47% of the week’s traded value while the Banking Sector had shares worth Kes.1.1 billion transacted which accounted for 37.07% of the week’s traded value.
The Dow Jones Industrial Average fell 208.64 points, or 0.8%, to 25,871.46, the S&P 500 lost 17.53 points, or 0.56%, to 3,097.81 and the Nasdaq Composite added 3.07 points, or 0.03%, to 9,946.12.
The Derivatives market of the NSE had 1 Safaricom Single stock future's contract expiring in 17th September traded valued at Kes 28,500. This was against the 44 contracts valued at Kes 1.33 million concluded in previous trading session
Since the Regulatory Sandbox became operational in March 2019, six companies have been admitted to test their innovations and one company has successfully exited the Regulatory Sandbox and is preparing to roll out the innovation to the wider market.
Morning BriefAsia Pacific Stocks Edge Higher as Beijing Assures Investors on Coronavirus Situation
285 min
Japan’s Nikkei 225 gained 0.72% while the Topix index nudged 0.23% higher. Over in South Korea, the Kospi traded slightly higher. Shares in Australia saw gains, with the S&P/ASX 200 up 0.75%. Overall, the MSCI Asia ex-Japan index rose 0.19%.
The Dow Jones Industrial Average fell 39.51 points, or 0.15%, to 26,080.1, the S&P 500 gained 1.85 points, or 0.06%, to 3,115.34 and the Nasdaq Composite added 32.52 points, or 0.33%, to 9,943.05
The secondary bond market on the Nairobi Securities Exchange recorded moderate rise in activity with bonds worth Kes 1.46 Billion achieved in 85 deals
Last year, African Alliance announced the closure of its Ugandan brokerage business, citing low market activity
OPEC warned in a monthly report the market would remain in surplus in the second half of 2020 even as demand improves, as it now expects supply from outside the group to be about 300,000 barrels per day higher than earlier thought.
Hong Kong’s Hang Seng index shed 0.22% by the afternoon. Shares of Chinese e-commerce giant JD.com jumped in their Thursday Hong Kong debut, rising more than 3% as compared to the issue price.
Bankrupt car rental firm Hertz Global Holdings announced it would suspend its plan to sell $500 million in new shares after the U.S. Securities and Exchange Commission raised objections to the sale.
The Derivatives market of the NSE had 5 single stock futures contracts valued at Kes 101,750 concluded in today's trading session. This is against the 15 contracts valued at Kes 436,510 concluded in the previous trading session.
Global MarketsIFC – World Bank Group and African Development Bank join Nasdaq Sustainable Bond Network
724 min
The African Development Bank established its Social Bond framework in 2017 and has raised the equivalent of $5.5 billion through five transactions supporting 89 eligible social projects in 28 African countries as of 31 December 2019
At the beginning of his two-day testimony before Congress, Federal Reserve Chairman Jerome Powell said, "Until the public is confident that the disease is contained, a full recovery is unlikely."
Investors also continued to watch for developments on the geopolitical front regionally, as tensions escalate along the Korean peninsula after North Korea reportedly destroyed a liaison office with the South.
The Derivatives market of the NSE had 15 contracts valued at Kes 436,510 concluded in today's trading session. These were the first trades this week. The KCB single stock futures expiring in September 2020 had 10 contracts concluded.
Kenya Power’s net earnings for the year ended June 2020 is expected to drop by over 25 per cent as compared to a similar period last year (2019). A profit warning issued by the company cites challenges including a tough economic environment and an increase in operations costs and reduced sales due to the economic slowdown caused by the corona virus pandemic. The Board and Management are focused on enhancing the Company’s financial performance through...
Wall Street closed higher on Monday following an announcement by the U.S. Federal Reserve regarding its corporate bond purchasing program that boosted investor confidence, which had been wavering amid a spike in new COVID-19 cases. All three major U.S. stock indexes reversed losses in afternoon trading, following the Fed’s decision to apply an indexing approach to its secondary market corporate credit facility to create a more diversified portfolio. “No doubt the market liked it: Who...
There were no trades conducted on the Derivatives market of the NSE in today's trading session.
Oil prices also fell with Brent crude, the international benchmark, down 2.5 per cent to $37.77 a barrel. US marker West Texas Intermediate was down 3.3 per cent at $35.05.
The benchmark NSE All Share Index (NASI) inched up during the week,gaining 2.70 points this week to close at 142.88, this represented a 1-week gain of 2.66%, a 4-week gain of 4.01%, but an overall year-to-date loss of 14.14%.
The Dow Jones Industrial Average rose 477.37 points, or 1.9%, to 25,605.54, the S&P 500 gained 39.21 points, or 1.31%, to 3,041.31 and the Nasdaq Composite added 96.08 points, or 1.01%, to 9,588.81.
The secondary bond market on the Nairobi Securities Exchange recorded growth in activity with bonds worth Kes 1.17 Billion achieved in 94 deals on the market as compared to the Kes 1.17 Billion achieved in 94 deals recorded during the previous trading session.
Oil prices dropped in the morning of Asian trading hours, with international benchmark Brent crude futures down 2.75% to $37.49 per barrel. U.S. crude futures also slipped 3.55% to $35.05 per barrel.
Earnings UpdateCentum Reports 79pc Growth in Profit After Tax for FY20, Declares Kes 1.20 Dividend
346 min
The Group is pursuing a sales-led development model and is currently constructing 1,442 residential units across its three mixed-use developments
Boeing was the heaviest weight on the Dow, shedding 16.4% after its top supplier Spirit AeroSystems Holdings Inc announced a 21-day layoff for staff doing production and support work for Boeing’s 737 program.
The Derivatives market of the NSE had five contracts valued at Kes 149,250 concluded on the market in today's trading session up from three contracts valued at Kes 66,800 concluded in the previous trading session.
Many companies that pay dividends are strong performers, and they are able to make distributions to investors because they have a great deal of cash.
The Japanese yen traded at 106.97 per dollar, having strengthened from levels above 109 seen earlier in the trading week. The Australian dollar changed hands at $0.6953 after seeing an earlier high of $0.7004.
The Dow Jones Industrial Average fell 282.31 points, or 1.04%, to 26,989.99, the S&P 500 lost 17.04 points, or 0.53%, to 3,190.14 and the Nasdaq Composite added 66.59 points, or 0.67%, to 10,020.35.
The secondary bond market on the Nairobi Securities Exchange recorded a growth in activity with bonds worth Kes 2.20 Billion achieved in 149 deals on the market as compared to the Kes 2.97 Billion achieved in 128 deals recorded during the previous trading session
Sateesh joined Safaricom PLC as CFO and Executive Director on the board on 1st August 2016 from Vodacom Tanzania Ltd, where he held a similar position.
Overnight on Wall Street, the Nasdaq Composite rose 0.29% to hit a record close of 9,953.75. Meanwhile, the Dow Jones Industrial Average dropped 300.14 points, or 1.09%, and snapped its six-session winning streak to close at 27,272.30.
The Dow Jones Industrial Average fell 300.14 points, or 1.09%, to 27,272.3, the S&P 500 lost 25.21 points, or 0.78%, to 3,207.18 and the Nasdaq Composite added 29.01 points, or 0.29%, to 9,953.75.
The expected supply surge from Libya has been derailed after armed militants halted output at the nation’s biggest oilfield
The secondary bond market on the Nairobi Securities Exchange recorded a growth in activity with bonds worth Kes 2.97 Billion achieved in 128 deals on the market as compared to the Kes 2.46 Billion achieved in 121 deals recorded during the previous trading session
In early trading on Tuesday, Hong Kong’s Hang Seng climbed 1.3 per cent to put the benchmark on track for sixth straight day of gains
The Dow Jones Industrial Average rose 461.46 points, or 1.7%, to 27,572.44, the S&P 500 gained 38.46 points, or 1.20%, to 3,232.39 and the Nasdaq Composite added 110.66 points, or 1.13%, to 9,924.75.
The derivatives market closed Monday with 13 contracts valued at Kes 365,300. This is against the 4 contracts valued at Kes 67,600 posted during Friday's session.
The partnership will allow Genghis to extend its offering to clients to include a wider range of alternative asset classes offered by EGM Securities. These include online currencies, commodities, global indices, precious metals and oil, as well as high demand stocks
International benchmark Brent crude futures dipped 0.24% to $42.20 per barrel, while U.S. crude futures shed 0.56% to $39.33 per barrel.
Shares in Europe surged as countries eased lock-down restrictions and the European Central Bank (ECB) injected fresh stimulus into the eurozone economy.
The Dow Jones Industrial Average rose 829.16 points, or 3.15%, to 27,110.98, the S&P 500 gained 81.58 points, or 2.62%, to 3,193.93 and the Nasdaq Composite added 198.27 points, or 2.06%, to 9,814.08
There were four contracts valued at Kes 67,600 concluded on the derivatives market in today's trading session. These were the only trades of the week.
The Dow Jones Industrial Average rose 11.93 points, or 0.05%, to 26,281.82, the S&P 500 lost 10.52 points, or 0.34%, to 3,112.35 and the Nasdaq Composite dropped 67.10 points, or 0.69%, to 9,615.81.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 96.791 following an earlier low of 96.715.
The secondary bond market on the Nairobi Securities Exchange recorded an exponential rise in activity with bonds worth Kes 4.45 Billion achieved in 136 deals
Going forward, the company has adopted various measures to mitigate its impact to the business and also continues to focus on achieving profitable growth.
While this is not the first cross-listing the country has seen as there are a number of Kenyan firms trading on RSE, KIFC’s existence promotes such investment opportunities within Rwanda’s financial sector
The Japanese yen traded at 109 per dollar after weakening sharply earlier this week from levels below 108. The Australian dollar changed hands at $0.6894, following its rise from levels below $0.68 seen earlier in the trading week.
The Dow Jones Industrial Average rose 527.24 points, or 2.05%, to 26,269.89, the S&P 500 gained 42.05 points, or 1.36%, to 3,122.87 and the Nasdaq Composite added 74.54 points, or 0.78%, to 9,682.91.
The secondary bond market on the Nairobi Securities Exchange recorded an increase in activity with bonds worth Kes 2.02 Billion achieved in 103 deals on the market as compared to the Kes 0.76 Billion achieved in 58 deals recorded in the previous trading session.
Crude Oil rose above $40 for first time in three months as investors shrug off US unrest
The Dow Jones Industrial Average rose 267.63 points, or 1.05%, to 25,742.65, the S&P 500 gained 25.09 points, or 0.82%, to 3,080.82 and the Nasdaq Composite added 56.33 points, or 0.59%, to 9,608.38.
There were no contracts concluded on the derivatives market of the NSE in today’s trading session.
The Japanese yen traded at 107.61 per dollar after weakening from levels around 107.4 yesterday. The Australian dollar changed hands at $0.6794 after seeing levels below $0.657 last week.
All three major U.S stock indices began the month with gains of less than 1% on the heels of a strong rally in May.
While an industrial revolution was already in progress, the pandemic has accelerated the process and created even more complications for which the economic institutions and policymakers are not yet prepared
The directors of the company have not issued a dividend recommendation for the period ending 31st Dec 2019.
Shares in Asia Pacific were higher on Monday, with Hong Kong’s Hang Seng index surging more than 3% in morning trade.
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