The derivatives market of the NSE had no contract concluded in today’s trading session .
Home2020August 2020 - The Trading Room
Earnings UpdateNation Media Group Records Kes 328 Million Loss Before Tax in The First Half of 2020.
242 min
The earnings per share in nation media group recorded a loss of kes 1.90 from a profit of kes 2.20 in the period under discussion.
East African Cables thus recorded a decrease in the overall expenses by 12% in the period ended 30th June 2020.
This led to a 58% decrease in revenue booked in six months period ending 30th June 2020
Shares of Mitsubishi jumped 10.31% while Itochu gained 5.57%. Marubeni soared 12.41% and Mitsui gained 8.36%, Sumitomo rose 10.4%.
Global stocks ended the week mixed, on the present prevailing macros. The MSCI’s benchmark for global equity markets rose by 0.43% to 585.73 after earlier setting a new intraday high, while stocks on Wall Street also rallied, with technology leading the way and the Dow closed to an all-time high. United States U.S Stocks continued to grind higher on largely positive news flow about potential vaccines and treatments for COVID-19, the disease caused by the...
The bond market saw a rise in activity with bonds valued at Kes.24.5 billion billion achieved against the Kes 5.7 billion achieved in the previous session
Global MarketsTech Companies Push S&P 500 to Record Closing High, Dow Jones Turns Positive For the Year
344 min
Stocks extended their gains after a top aide to President Donald Trump said the president is willing to sign a $1.3 trillion coronavirus relief bill, four weeks after emergency unemployment benefits expired for millions of Americans.
The derivatives market of the NSE recorded a slight decline in turnover during today's trading session with 6 contracts valued at kes 191,500 as compared to Thursday's trading session with 6 contracts valued at kes 195,370.
The company forecasts that the 2020 results will be significantly negatively impacted because of the projected suppressed air travel demand as it will remain at less than 50% of 2019 for the rest of the year.
Absa says it has restructured Kes.57 billion worth of customer loans representing 28 percent of its advances to customers as cushioning during the pandemic.
Bamburi Cement Plc has posted a 13% decline in activity for the first half of 2020 at Kes16.2billion which as compared to the Kes18.7 billion the company posted in a similar period last year
Advancing issues outnumbered decliners 1.36-to-1 on the NYSE, while declining issues outnumbered advancers 1.07-to-1 on the Nasdaq.
The derivatives market of the NSE had 6 contracts valued at Kes 195,370 concluded in today’s trading session.
NCBA board has held back the declaration of an interim dividend for the period in line with its cash preservation stance.
Hewlett Packard Enterprise Co ended the session higher after its full-year profit outlook beat expectations, while tax software firm Intuit Inc advanced on a 17% rise in quarterly revenue.
Prices and index updates stopped around 11:10 a.m. in Wellington when the benchmark S&P/NZX-50 index was up 0.2% at 12,053. The record closing high is 12,073.
The derivatives market of the NSE had 3 contracts during today's trading session valued at kes 98,500. These were the first contracts to trade on the derivatives market this week.
The reduced profit was largely the result of increased provisions, reflecting the prudent approach adopted by DTB in the midst of the prevailing higher credit risk environment following the COVID-19 pandemic.
Medtronic's stock advanced after the medical device maker's quarterly profit beat consensus.
While Nigeria has embarked on gradual easing of lockdown since Q2 2020 with a N2.3 trillion stimulus intervention, economic activities are yet fully peak, indicating a muted outlook in the remaining quarters of the year
Stocks in Asia Pacific were mostly higher on Tuesday, while top trade representatives from Washington and Beijing had a call to discuss the implementation of their phase one agreement. South Korea’s stocks led gains among the region’s major markets, with the Kospi rising 1.58% to close at 2,366.73. Stocks in Japan also saw gains on the day, with the Nikkei 225 jumping 1.35% to 23,296.77 while the Topix index advanced 1.13% to 1,625.23. Mainland Chinese...
The derivatives market of the NSE no contracts concluded during today's trading session.
the Dow Jones Industrial Average rose 384.61 points, or 1.38%, to 28,314.94, the S&P 500 gained 34.93 points, or 1.03%, to 3,432.09 and the Nasdaq Composite added 69.77 points, or 0.62%, to 11,381.57.
At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE). A total of 10,966,400 shares in 829 deals, corresponding to a market value of KES 260,886,742.00, were traded. Compared with the previous NSE trading day (Friday, August 21), today’s data shows 69% decline in volume, 63% decline in turnover, and 14% decline in deals. The current NSE market capitalization is KES 1.99 trillion. In the aggregate, 43 NSE listed equities...
“We are pleased to be joining the Kenya Bankers Association, an organization that has championed industry development since 1962,” said Caritas Chief Executive Officer Mr. Titus Muchiri
Oil prices edged lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures slightly lower at $44.33 per barrel. U.S. crude futures also shed 0.14% to $42.28 per barrel.
Brazilian stocks rebounded later in the week after media reports said that President Jair Bolsonaro has no plans to fire Guedes and that Guedes does not intend to resign.
The Derivatives Market of the NSE closed the week with a total of 10 contracts valued at Kes.247,000 concluded in this week’s trading session
Apple Inc rose 4% as its market value continued to swell after the most valuable publicly listed company in the world crossed the $2 trillion milestone this week.
At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE). A total of 35,879,500 shares in 967 deals, corresponding to a market value of KES 707,578,174.00, were traded. Compared with the previous NSE trading day (Thursday, August 20), today’s data shows 69% improvement in volume, 246% improvement in turnover, and 24% improvement in deals. The current NSE market capitalization is KES 1.98 trillion. In the aggregate, 45 NSE listed equities...
Morning BriefAsian Markets Rise; Alibaba’s Hong Kong Shares Dip Despite Strong Quarterly Performance
224 min
The Japanese yen traded at 105.53 per dollar after touching levels above 106 against the greenback yesterday. The Australian dollar changed hands at $0.7185, in a turbulent trading week that has seen it from levels above $0.724 to below $0.716.
The Dow Jones Industrial Average ended up 46.85 points, or 0.17 percent, to 27,739.73, the S&P 500 gained 10.66 points, or 0.32 percent, to 3,385.51 and the Nasdaq Composite added 118.49 points, or 1.06 percent, to 11,264.95.
The derivatives market of the Nairobi Securities Exchange had no contracts concluded during today’s trading session.
The performance of Sanlam Kenya in the first six months is attributed to the economic hardship facing the country due to COVID-19 which has seen most companies’ record losses in the country.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.035 after seeing an earlier spike from levels below 92.5.
Earnings UpdateBritam Back in Loss Making Territory with Kes 2.3 Bn Loss in First Half of 2020
513 min
Property revaluation also widened the losses of Kes 929 million due to the depressed property market which has been characterized by low occupancy levels and rental yields.
The S&P 500 posted 26 new 52-week highs and no new lows; the Nasdaq Composite recorded 74 new highs and 25 new lows.
The derivatives market of the NSE no contracts concluded during today's trading session.
Despite the very wet conditions experienced in the first half of the year Kakuzi's arable operations have done well.
Oil prices were lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 1.1% to $44.96 per barrel. U.S. crude futures dipped 1% to $42.46 per barrel.
The total operating income grew by 17.6 per cent to Sh 4.2 billion during this period compared to Sh 3.6 billion last year.
The S&P 500 flirted with all-time highs for several sessions before finally hitting a new record, raising questions about whether this run of gains could last.
Activity on the secondary bond market on the Nairobi Securities Exchange slumped with bonds worth Kes 914.01 million achieved in 67 deals in today’s session.
The Group increased its portfolio credit provision 15-fold from Kes. 500 million to Kes.7.7 billion increasing the Group’s NPL coverage from 64% to 73%.
The Japanese yen traded at 105.54 per dollar after strengthening from levels above 106.4 against the greenback yesterday. The Australian dollar changed hands at $0.7236 after yesterday’s rise from below $0.72.
The S&P 500 retailing index climbed 1.4%, with heavyweights Walmart Inc and Target Corp also set to report results this week.
The derivatives market of the NSE had 6 contacts valued at Kes 150,000.The Safaricom contract expiring in December 2020 had 5 contracts exercised at a price of Kes 28.00
On Friday, President Felix Tshisekedi announced that his government would also tighten fiscal policy to support the currency and fight inflation.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.934 after its decline last week from levels above 93.6.
Thailand has recorded one of the largest drops in GDP in Asia this year.
Japan's GDP growth is expected to contract more than 7% (26.6% annualized) in the three months ended June 30 versus the prior quarter, according to a survey of economists polled by the Japan Center for Economic Research.
The Nairobi Securities Exchange closed the week on a bearish note weighed down by the fall in prices in some of the banking counters. The All Share Index dropped by 0.86%% to close the week at 129.46 basis points as against the 130.58 points recorded the previous week. The NASI Year-to-Date (YTD) returns currently stands at -22.2% and the market capitalization presently stands at Kes 1.94 trillion. The NSE 20 and the NSE25 share indices...
The S&P 500 posted 16 new 52-week highs and no new lows; the Nasdaq Composite recorded 49 new highs and 14 new lows.
There were no contracts concluded in today's trading session on the Derivatives market of the NSE.
Stanbic Bank will not pay out an interim dividend from its half year earnings with its earnings per share (EPS) having declined to Kes.6.46 from Kes.10.28 in a similar period in 2019.
Oil prices reversed gains in afternoon trade during Asian hours on Friday. U.S. crude fell 0.31% to $42.11 as of 3:25 p.m.
The U.S. presidential election is expected to add another layer of uncertainty into markets, with roughly 12 weeks remaining until Election Day.
South Korea has overtaken China to lead Asia in sales of socially-responsible bonds this year, as global issuance of debt to fund the fight against Covid-19 surges
The derivatives market of the recorded a rise in activity with 10 contracts valued at Kes 279,800 concluded in today’s trading session against the 5 contracts valued at Kes 76,890 transacted in previous trading session.
The bank says a six percent growth in net loans and advances to Kes 272 billion and a 19 percent growth in customer deposits to Kes 384.6 billion during the period helped the business absorb some Covid-19 shocks.
Japan’s Nikkei 225 bounced 1.78% higher to close at 23,249.61, while the Topix was also up 1.16% to 1,624.15. Auto and tech stocks jumped. Softbank was up 3.73%, while Sony rose 2.81%.
KCB's earning per share (EPS) has also dropped to Kes.4.72 in the period from Kes.8.30 last year, pushing the lender to halt payment of interim dividends to its shareholders this year as a precaution.
The Dow Jones Industrial Average rose 1.03% to end at 27,971.9 points, while the S&P 500 gained 1.38% to 3,379.81. The Nasdaq Composite climbed 2.1% to 11,009.76.
Three E.A Breweries contracts worth Kes.46,000 expiring in 17th December 2020 were concluded at a price of Kes.156.30
Global EconomiesUnited Kingdom Officially Falls into Recession Since the 2009 Financial Crisis
223 min
In its update on the economy, the ONS also pointed to a record fall in productivity during the second quarter of the year as more than nine million workers were placed on furlough.
NCBA Bank Kenya Plc has given notice to all holders of its Kes 7B Medium Term Note Programme, of the exercise of its option for early redemption of the outstanding Notes issued under the Note Programme. The redemption will take effect on 14th September 2020. The Notes will be redeemed at an amount equal to the nominal value of the Notes, together with accrued but unpaid interest from the preceding Interest Payment Date, 14th September...
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.823, swinging higher from levels above 93 seen earlier.
The Dow Jones Industrial Average fell 104.53 points, or 0.38%, to 27,686.91, the S&P 500 lost 26.78 points, or 0.80%, to 3,333.69 and the Nasdaq Composite dropped 185.53 points, or 1.69%, to 10,782.82.
The secondary bond market on the Nairobi Securities Exchange recorded an increase in activity during today’s session with bonds worth Kes 3.2 Billion achieved in 121 deals in today’s session as compared to the Kes 2.67 Billion achieved in 94 deals during the previous trading session
Equity Group now has two subsidiaries in the Democratic Republic of Congo having earlier acquired ProCredit, a German bank, now Equity Bank Congo. BCDC is the oldest bank in the country, having been established in 1909.
Asia Pacific markets mostly rose on Tuesday, following gains on Wall Street overnight as investors remain unfazed by China’s retaliatory actions against the United States.
Energy and industrials , among the worst performers this year, gained, while technology and communication services fell.
At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE). A total of 18,666,400 shares in 789 deals, corresponding to a market value of KES 482,192,205.00, were traded. Compared with the previous NSE trading day (Friday, August 7), today’s data shows 80% improvement in volume, 128% improvement in turnover, and 2% improvement in deals. The current NSE market capitalization is KES 1.95 trillion. In the aggregate, 43 NSE listed equities...
The company states that despite the depressed market prices which have continued to pose a risk to the business performance, the management of the firm will continue to focus on volume growth, cost management and other strategic initiatives to mitigate the market impact.
Oil prices rose Monday during Asian hours. U.S. crude added 1.24% to $41.73 per barrel while global benchmark Brent was up 0.81% to $44.76.
The shares of Aramco, which Apple Inc. dethroned last month as the world’s most valuable listed company, rose 0.3% to 33.05 riyals in Riyadh on Sunday
Stocks in Brazil, as measured by the Bovespa Index, returned about -0.1%. On Wednesday, the central bank reduced its benchmark lending rate, the Selic rate, from 2.25% to 2.00%.
Kenya Reinsurance Corporation & WPP Scangroup Plc released their half year results, recording an impressive turnaround in quarterly earnings against various analyst projections.
Trump late on Thursday unveiled sweeping bans on U.S. transactions with the Chinese owners of messaging app WeChat and video-sharing app TikTok
Earnings UpdateKenya-Re Records Positive Growth HY2020 as Net Profit Earnings Rise to Kes 1.6 Billion
273 min
Shareholders’ funds which were at Kes 31.9 billion in the period ending 31st December 2019, also increased by 3% as at the period ending 30th June 2020, to Kes 33.1 billion.
The secondary bond market on the Nairobi Securities Exchange recorded a notable rise in activity during today’s session with bonds worth Kes 4.01 Billion achieved in 73 deals in today’s session as compared to the Kes 1.95 Billion achieved in 96 deals during the previous trading session.
Oil prices were higher in the morning of Asian trading hours. International benchmark Brent crude futures were up 0.33% to $45.24 per barrel. U.S. crude futures also added 0.45% to $42.14 per barrel.
About 9.69 billion shares changed hands in U.S. exchanges, compared with the 10.39 billion daily average over the last 20 sessions.
The derivatives market of the NSE had 7 contracts valued at Kes 190,500 concluded in today’s trading session. This was lower as compared to the 19 contracts valued at Kes 500,280 concluded in previous trading session.
The Japanese yen traded at 105.50 per dollar after strengthening from levels above 105.6 against the greenback yesterday. The Australian dollar changed hands at $0.7197 following its rise from levels below $0.715 this week.
the Dow Jones Industrial Average was up 309.55 points, or 1.15%, at 27,138.02, the S&P 500 was up 18.13 points, or 0.55%, at 3,324.64.
Telkom Kenya last month launched loon, 4G enabling balloons in partnership with American tech giant, Alphabet, which it hopes will expand its internet subscription by 4.8 million users.
The derivatives market of the NSE had 19 contracts valued at Kes 500,280 concluded in today’s trading session. This was against the 4 contracts valued at Kes 109,000 concluded in previous trading session.
The Japanese yen traded at 105.56 per dollar after touching levels around 106.4 earlier in the trading week. The Australian dollar changed hands at $0.7187 following its bounce from levels below $0.71 earlier this week.
The S&P 500 posted 26 new 52-week highs and no new lows; the Nasdaq Composite recorded 129 new highs and 10 new lows
he derivatives market of the NSE had 4 contracts valued at Kes 109,000 concluded in today’s trading session. This was against the 8 contracts valued at Kes 219,800 concluded in previous trading session.
The Japanese yen traded at 106.08 per dollar after weakening from levels around 105.6 against the greenback yesterday. The Australian dollar was at $0.7133 after falling below $0.71 yesterday
Albert Sigei, CEO CIMERWA Plc, explained that this will be an opportunity for investors to gain exposure into the attractive cement industry with solid growth potential.
The S&P 500 posted 41 new 52-week highs and no new lows; the Nasdaq Composite recorded 164 new highs and 16 new lows.
The derivatives market of the NSE had 8 contracts valued at Kes 219,800 concluded in today’s trading session. This was against the 5 contracts valued at Kes 141,500 concluded in previous trading session.
Oil prices dipped in the morning of Asian trading hours, with international benchmark Brent crude futures down 0.64% to $43.24 per barrel. U.S. crude futures also shed 0.74% to $39.97 per barrel.
The Derivatives Market of the NSE closed the week with a total of 9 contracts valued at Kes.255,500 concluded on the NSE while the secondary bond market on the Nairobi Securities Exchange closed the week with bonds worth Kes.21.6 billion transacted.
Investors were braced for a record RMB 1.36 trillion of restricted shares scheduled to be unlocked and available for trading in the A-share market—an influx similar to one that occurred in May and June 2015, which was followed by heavy selling of previously restricted shares by large institutional investors.
For the week, the S&P gained 1.73%, the Dow shed 0.15% and the Nasdaq climbed 3.69%. For the month, the S&P rose 5.52%, the Dow advanced 2.39% and the Nasdaq rallied 6.83%.
TSLA 
GME 
MSFT 
AAPL 
AMC 
FB 
TWTR 
AMZN