Home2020July 2020 - The Trading Room

EABL Records Decline in FY2020 to 7Bn as COVID-19 Impacts Performance

East African Breweries Limited (EABL) recorded a 9% decline in net sales for the financial year ended 30 June 2020, as first half growth of 10% was offset by a 29% decline in the second half. The second half decline was due to the impact of the Covid-19 pandemic which saw containment measures implemented across East Africa from late March 2020. The pandemic impacted EABL’s business performance after three consecutive double-digit halves of growth, with...

Base Titanium Forecasts Reduced Activities on Declining Mineral Deposits

The future of Kenya’s largest mining company Base Titanium hangs in the balance due to depleting minerals and delays in approving new mines. The company says resources at the Kwale South dune will run out in two years’ time while the government is yet to extend the boundary to incorporate some additional mineral resources. The company says the boundary has proven ore deposit that can last the company for another 12 months. For the last...

Market Report: 24 July, 2020

The Secondary bond market on the Nairobi Securities Exchange recorded a increase in activity with bonds worth Kes 3.23 Billion transacted against the Kes 1.44 billion worth of bonds traded during yesterday's trading session. The number of deals however declined to 75 from yesterday’s 56 deals.

Market Report: 22 July, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 38,782,100 shares in 1,113 deals, corresponding to a market value of KES 1,074,179,815.00, were traded. Compared with the previous NSE trading day (Tuesday, July 21), today’s data shows 1% decline in volume, 6% improvement in turnover, but 20% decline in deals. The current NSE market capitalization is KES 1.97 trillion. In the aggregate, 47 NSE listed equities participated in...

Shelter Afrique Records Remarkable Growth in 2019

Pan African housing development financier, Shelter Afrique signalled a full recovery as it reported its 2019 earnings Tuesday. The Company reduced its operating loss to KSh 59 million (USD 0.59M) in 2019, down from theKSh 923 million (US$9.23M) loss recorded in 2018, representing a 94% drop year-o-year. Addressing the Press in Nairobi, Shelter Afrique Chairman Dr. Steve Mainda said despite the minimal loss, the Company had put the distressful past behind it and had successfully turned...

Mansa-X Annualized Return at 20.3% for 1H2020 Despite COVID-19.

Standard Investment Bank, Kenya’s first and only regulated Online Forex Trading Money Manager by the Capital Markets Authority (CMA), successfully squeezed out an average Annualized Return of 20.30% for the first half of the 2020. The returns delivered between 1st January and June 30th June 2020 are among the highest in the market, coming at a time when most investors opted to hold their funds in conservative investment options such as government bonds and money...

Market Report: July 09, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 47,288,500 shares in 1,418 deals, corresponding to a market value of KES 1,294,185,188.00, were traded. Compared with the previous NSE trading day (Wednesday, July 8), today’s data shows 59% improvement in volume, 57% improvement in turnover, but 10% decline in deals. The current NSE market capitalization is KES 1.99 trillion. In the aggregate, 50 NSE listed equities participated in...

NCBA Picks Tirus Mwithiga as Group Director Retail Banking

NCBA Bank has appointed Tirus Mwithiga as the new Group Director Retail Banking as it seeks to strengthen and grow its retail business following regulatory approval. He brings to the Bank 29 years of experience in Retail Banking and Wealth Management having served in an array of leadership roles in banks locally, regionally and internationally, including Barclays Bank and Standard Chartered. Prior to joining NCBA, Mr. Mwithiga worked with Standard Chartered Bank in Singapore where...

ScanGroup Declares Kes 8.00 Dividend

WPP Scangroup Plc yesterday declared a special dividend of KES 8.00 per share following the disposal of its marketing research operations. The transaction by WPP Scangroup follows the disposal by WPP plc of a 60% stake disposal in Kantar operations to Bain Capital Private Equity in July 2019. The company had earlier said it would distribute at least Sh2 billion or Sh4.7 per share from the proceeds arising from the sale of its Kantar business...

Market Report: July 06, 2020

At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE). A total of 22,303,800 shares in 1,238 deals, corresponding to a market value of KES 553,494,555.00, were traded. Compared with the previous NSE trading day (Friday, July 3), today’s data shows 256% improvement in volume, 266% improvement in turnover, and 21% improvement in deals. The current NSE market capitalization is KES 2.07 trillion. In the aggregate, 45 NSE listed equities...

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