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Asian Markets Mixed following U.S counterparts

Stocks in Asia-Pacific were mixed in Wednesday trade as investors react to recent comments from Federal Reserve Chairman Jerome Powell. Shares in Australia led gains among the region’s major markets, with the S&P/ASX 200 in Australia jumping 2.18%. Mainland Chinese stocks were also higher, with the Shanghai composite above the flatline while the Shenzhen component added 0.366%. Hong Kong’s Hang Seng index was little changed. Elsewhere, South Korea’s Kospi shed 0.12%, adding on to losses...

Market Report:17 September,2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE) A total of 123,648,800 shares in 1,074 deals, corresponding to a market value of KES 3,763,782,044.00, were traded. Compared with the previous NSE trading day (Wednesday, September 16), today’s data shows 599% improvement in volume, 584% improvement in turnover, and 4% improvement in deals. The current NSE market capitalization is KES 2.1 trillion. In the aggregate, 45 NSE listed equities participated in...

Nation Media Group Officially Launches it’s Digital Platform, Nation.Africa

Nation Media Group has launched its digital brand, Nation.Africa, aiming at expanding it’s large online presence, taking to advantage the company’s revamped digital plan to grow sales and recover from the effects caused by the coronavirus pandemic. With seven out of every 10 Kenyans having access to the Internet, online marketing and Web listing sites are fast gaining currency in the country with big media houses like NMG leading the charge. NMG plans to leverage...

Market Report; 01 September, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 9,394,800 shares in 1,056 deals, corresponding to a market value of KES 254,685,038.00, were traded. Compared with the previous NSE trading day (Monday, August 31), today’s data shows 78% decline in volume, 79% decline in turnover, and 11% decline in deals. The current NSE market capitalization is KES 2.11 trillion. In the aggregate, 39 NSE listed equities participated in...

British American Tobacco Picks Rita Kavashe as Board Chair

Motor vehicle dealer Isuzu East Africa chief executive Rita Kavashe has been appointed as the board chairperson cigarette manufacturer BAT Kenya Plc following the retirement of Mr. George Maina as a Director and consequently as the Chairperson of the Board with effect from 31st August 2020. Mr. Maina was appointed to the Company’s Board as an Independent Non-Executive Director in November 2010 and thereafter as Chairperson of the Board from September 2013, a cumulative period...

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