The Dow Jones Industrial Average fell 157.51 points, or 0.59%, to 26,501.6. The S&P 500 lost 40.15 points, or 1.21%, to 3,269.96 and the Nasdaq Composite dropped 274.00 points, or 2.45%, to 10,911.59.
However, the reductions were not big enough to offset price increases of other sampled items.
There were no contracts concluded during today’s trading session on derivatives market of the NSE.
The firm is also scheduled to meet Electronics suppliers, Clothing, labour union representatives and labour outsourcing firms the following week.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.793 after rising from levels below 93.5 this week.
With no quick recovery in sight, KQ is seeking to cuts costs in a plan that will see it lay off an unspecified number of workers, get rid of some assets and review aircraft leasing terms.
Coach owner Tapestry Inc climbed 4% as it beat quarterly profit estimates and forecast growth for the year as demand for luxury handbags and apparel rebounded in China from pandemic lows.
There were 5 contracts valued at kes 177,500 contracts concluded during today’s trading session on derivatives market of the NSE.
The Australian dollar changed hands at $0.7065 after yesterday’s sharp drop from above $0.712.
Twelve U.S. states set records for hospitalized COVID-19 patients, while Germany and France announced plans to shut large swathes of public life for a month as the pandemic surged across Europe
There were no contracts concluded during today’s trading session on derivatives market of the NSE.
Prospects for the full year remain in line with UNCTAD’s earlier projections of a 30% to 40% decrease in FDI flows, the report indicates.
Investor sentiment on Wednesday was likely impacted by the rising number of Covid-19 cases in the U.S.
Customers who have been on the network since inceptions also stand a chance to get 20GB of data as the telco marks twenty years since establishment.
The project bond is intended to give a flexible funding option to projects that are already under construction and at various stages of completion.
Shares of drugmaker Eli Lilly and Co fell 6.9% after quarterly profits took a hit from increased costs to develop a COVID-19 treatment. A trial of its antibody therapy failed to show a benefit in hospitalized patients.
There were no contracts concluded during today’s trading session on derivatives market of the NSE.
The Bank was recognized amongst 14 African banks in the list that consisted of banks from 112 countries globally. KCB was the only Kenyan Bank on the roll.
Oil prices were higher in the afternoon of Asian trading hours, with international benchmark Brent crude futures up 0.74% to $40.76 per barrel. U.S. crude futures also gained 0.73% to $38.84 per barrel.
Despite the growth in contributions, it is important to note that the retirement benefits industry has fallen short in providing enough benefits and sustaining their members especially for companies holding segregated funds.
The devaluation of the local currency has prompted investors to inject money into listed companies. Until the end of 2019, these shares were undervalued but are now the only factors of stability for investors.
Cash flow challenges also saw KenGen hit Kenya Power with a Sh722.31 million financial penalty for flouting 40-day window of paying for the electricity supplied in the financial year ended June 2019.
The Dow Jones Industrial Average fell 650.19 points, or 2.29%, to 27,685.38. The S&P 500 lost 64.42 points, or 1.86%, to 3,400.97 and the Nasdaq Composite dropped 189.35 points, or 1.64%, to 11,358.94.
There was a decline on the derivatives market of the NSE.during today's trading session with 2 contracts valued at kes 61,500 concluded during today’s trading
Kenya is an important new region for us. It has become a renowned and well-regulated financial services hub in East Africa. The economy is highly developed and embodies entrepreneurship and growth.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded above the flatline. The Hong Kong market is closed on Monday for a holiday.
The Banking Sector came in second in activity with shares worth Kes.405M transacted, accounting for 30.68% of the week’s traded value
Following three consecutive weekly advances, global stocks declined modestly during the week. The news flow was dominated by headlines around the negotiations for another round of fiscal relief from Washington before the U.S election, which is fast approaching is held. United States The major benchmarks ended mixed, as investors reacted to stimulus negotiations while monitoring third-quarter corporate earnings reports. The technology-heavy Nasdaq Composite Index performed worst, dragged lower by weakness in bellwether Apple, while the...
Tea exports fell by 14,000 tons in the first eight months of this year due to a drop in demand from traditional markets. Data from the Tea Directorate shows export volumes for Kenyan tea for the period between January to August dropped from 337,000 tons in 2019 to 323,000 tons in 2020. The global tea market size was valued at 55 billion dollars in 2019, and is projected to reach 69 billion dollars in seven...
U.S. House Speaker Nancy Pelosi said it still was possible to get another round of COVID-19 aid before the Nov. 3 election, but that it was up to President Donald Trump to act, including talking to reluctant Senate Republicans, if he wants it.
There were 6 contracts valued at kes 205,050 concluded during today’s trading session on the derivatives market of the NSE.
The Board of Directors of HF Group Plc has appointed Mr. Adan Daud Mohamed as a Non-Executive Director of its Mortgage subsidiary, HFC effective 19th October 2020. Mr. Adan Mohammed holds a degree in law and was admitted as an attorney General at the law by the Supreme Court of the State of Minnesota in the USA in the year 2003. Mr. Adan Mohamed has practiced as an advocate of the High court of Kenya...
In Japan, the Nikkei 225 rose 0.18% to close at 23,516.59 while the Topix index advanced 0.34% to finish its trading day at 1,625.32. South Korea’s Kospi also rose 0.24% to close at 2,360.81.
The tea industry has been thrown into confusion due to a series push and pull between the ministry of agriculture and the tea agency over plans to streamline the industry by reforming the tea value chain in the country.
The AGM ratified the re-election of Messrs Wilfred Ongoro, Lawrence Karissa and Margaret Karangatha to the Board for another term of three years, and also ratified the election of Mrs Weda Welton as a director of the Company.
Advancing issues outnumbered declining ones on the NYSE by a 1.90-to-1 ratio; on Nasdaq, a 1.68-to-1 ratio favored advancers.
There were no contracts concluded during today's trading session on the derivative market of the NSE.
Declining issues outnumbered advancing ones on the NYSE by a 1.87-to-1 ratio; on Nasdaq, a 1.69-to-1 ratio favored decliners. The S&P 500 posted 19 new 52-week highs and no new lows; the Nasdaq Composite recorded 55 new highs and 36 new lows.
CBK collaborated with commercial banks through the Kenya Bankers Association to establish the currency center.
There were 2 contracts valued at kes 74,400 concluded during today’s trading session on the derivatives market of the NSE.
The airline’s assumptions, which hinge on an effective Covid-19 vaccine by next summer, expects global air traffic to climb to 70 per cent of pre-crisis levels by the end of 2021.
Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down about 1% to $42.72 per barrel. U.S. crude futures shed 0.91% to $41.32 per barrel.
The mapping has similarly helped the government keep inventory of all schools, hospitals, public utilities and infrastructure.
House of Representatives Speaker Nancy Pelosi said late on Tuesday that she hoped a coronavirus aid agreement could be accomplished by the end of this week.
Non-Life premium also registered a growth of 3.57% to Kshs 133.45 Billion shillings from 129 Billion in the year under review.
The Japanese yen traded at 105.49 per dollar following an earlier low of 105.61 against the greenback while the Australian dollar changed hands at $0.7038 after slipping from levels above $0.71 yesterday.
Ordinary revenues are now projected to decline by Kes 28 billion to Kes 1.60 trillion in the current financial year.
High flyers stocks Apple Inc, Microsoft Corp and Amazon.com all fell more than 2% and created the biggest drags on the S&P 500.
There were no contracts concluded during today’s trading session on the derivatives market of the NSE.
For instance during the year ended 30th June 2019, KenGen received kes 391 million refund after claiming Railway Development Levy (RDL) on equipment imported and used to build the 280-megawatt Olkaria geothermal power plant.
South Korea’s Kospi also advanced 0.22% to close at 2,346.74. Meanwhile, shares in Australia rose on the day, with the S&P/ASX 200 up 0.85% to 6,229.40.
KenGen has been focusing on the production of green energy and 86 percent of the energy produced by the company is from clean sources namely wind, hydro and geothermal.
The benchmark All share index of the Nairobi Securities Exchange closed the week modestly lower, shedding 0.42 points to settle at 139.65 points.
Global markets were mixed but generally ended higher during the week as data on the coronavirus and various economic fronts streamed in during the week. On the global economic front, there was increased hope for a fiscal stimulus package. On the vaccine front, some trials have been paused due to health concerns, and Pfizer has filed an emergency-use plan for the end of November. United States The large-cap benchmarks narrowly managed a third consecutive week...
Oil services company Schlumberger NV posted its third straight quarterly loss due to falling crude prices and plunging demand. Its shares dropped 8.8%.
There was 1 contract valued at kes 35,000 concluded during today’s transaction on the derivatives market of the NSE
The partnership will see Britam and Carepay explore new mobile channels for Britam’s fast-growing microinsurance portfolio and the future management of retail and SME health insurance clients.
Stocks across Asia-Pacific were mostly down by the close on Friday, amid dampened sentiment on the coronavirus front. Meanwhile, the U.S. dollar strengthened as uncertainty rose with investors flocking to the haven currency. Mainland Chinese stocks were mixed by the close, with the Shanghai composite up 0.13% to 3,336.36, while the Shenzhen component declined 0.68% to 13,532.73. Over in Hong Kong, the Hang Seng index jumped 1.04% by the afternoon. But markets were mostly down...
The fourth edition of Absa Africa Financial Markets Index 2020 show Kenya has dropped four places. The index that measures the capacity of countries to attract both local and foreign investments, shows that Kenya has lost seven points to score 58 out of 100 points hence placing it at the seventh position. The countries that were ahead of kenya were South Africa and Mauritius which scored 89 and 79 points respectively followed by Nigeria,Botswana,Namibia and...
The NSE Chief Executive Mr. Geoffrey Odundo, noted that, “The admission of EGM Securities was in line with their focus to enhance retail participation in the NSE Derivatives Market
The S&P 1500 airlines index shed 1.7% after United Airlines reported a 78% drop in quarterly revenue.
There was 1 contracts valued at kes 30,000 concluded during today’s transaction on the derivatives market of the NSE. This was a decline compared to the 2 contracts valued at kes 60,100 concluded during the previous trading session.
According to the report, Safaricom contributes 6 percent to Kenya’s GDP, though a slight decline from 6.3 percent registered in 2019.
The Japanese yen traded at 105.23 per dollar, having strengthened from levels above 105.3 against the greenback yesterday. The Australian dollar changed hands at $0.7098 following levels above $0.72 seen earlier this week.
DTB has appealed the ruling and secured a stay of the execution of the judgement. The lawyers at ENS say until the Ham/DTB decision is set aside, it will be a hard task for every counsel advising foreign lenders.
UnitedHealth Group Inc dropped despite raising its profit forecast as the U.S. insurer said it was difficult to predict the fallout of the pandemic on earnings.
There were 2 contracts valued at kes 60,100 concluded during today’s transaction on the derivatives market of the NSE. This was similar to the 2 contracts valued at kes 60,100 concluded during the previous trading session.
Oil prices edged lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 0.28% to $42.33 per barrel. U.S. crude futures also shed 0.32% to $40.07 per barrel.
This is however good news to households especially during this hard economic times when many people lost their jobs as a result of the world-wide pandemic COVID-19.
The Dow Jones Industrial Average fell 158.04 points, or 0.55%, to 28,679.48, the S&P 500 lost 22.51 points, or 0.64%, to 3,511.71 and the Nasdaq Composite dropped 12.36 points, or 0.1%, to 11,863.90.
There were 2 contracts valued at kes 60,100 concluded during today’s transaction on the derivatives market of the NSE.
According to this agreement, KCB will mobilize commercial financing into the SME and climate finance sector in Kenya and also impart knowledge, drive innovation, and build capacity. On other hand, IFC will offer training in the areas of green finance.
The Chief Executive of VSA capital Andrew Monk said the company is pleased with its new partnership with Faida that is expected to make a real difference to the services they offer their corporate clients and funders in Africa.
The Japanese yen traded 105.38 per dollar after strengthening from levels around 105.6 against the greenback yesterday. The Australian dollar was at $0.7177, still above levels below $0.715 seen last week.
Kakuzi which supplies avocados to several UK supermarkets, including Sainsbury's and Tesco will face major losses as the supply accounts for almost 40% of the avocados exported by the frim.
According to CA, international incoming fixed voice traffic also fell by 11.8 percent to register 4.3 million minutes from 4.9 million registered in the last quarter.
The S&P 500 energy index fell 0.4% as oil prices dropped on easing supply worries.
At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE), A total of 8,680,100 shares in 717 deals, corresponding to a market value of KES 198,972,048.00, were traded. Compared with the previous NSE trading day (Friday, October 9), today’s data shows 37% decline in volume, 39% decline in turnover, and 9% decline in deals. The current NSE market capitalization is KES 2.1 trillion. In the aggregate, 44 NSE listed equities...
CMA Acting Chief Executive Wycliffe Shamiah, said; ‘‘We are glad to note that Pezesha effectively tested its crowdfunding innovation and achieved its testing objectives and control boundaries between July 2019 and July 2020.
The pound has depreciated rapidly, trading at 510 SSP for $1 on the black market, while the central bank is selling it at 167 SSP.
National Australia Bank’s Tapas Strickland said the moves in the yuan were likely driven by the rule change “which makes it less expensive to short the (Chinese yuan) and signals less (concern) about currency weakness.”
The Derivatives Market of the NSE closed the week with a total of 6 contracts valued at Kes.216,000 concluded in this week’s trading session, this was a further decline from last week’s value of Kes 474,000
Global markets were mixed during the week, posting declines earlier in the week and closing later higher, mixed with optimisms on the U.S elections and the health of the U.S President Donald Trump on the coronavirus. Global markets also posted the best weekly gain since early July, while long-term government yields rose to a four-month high. United States The S&P 500 Index had its best weekly gain in three months, as investors seemed to grow...
“The direct flights will be an integral part of boosting the economy and tourism sector in our county,” said Dorothy Nyong’o, First Lady, Kisumu County.
The S&P 500 energy index fell 1.6% following recent gains.
The bonds market posted a further decline in turnover, with bonds worth Kes 2.95 billion transacted in 104 deals against the 3.26 billion worth of bonds transacted in Thursday's trading session.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.377 after seeing an earlier low of 93.331.
CA expects uptake of telecommunications services to continue rising as a result of disruptions caused by COVID-19.
Eaton Vance Corp EV.N shares surged 48.1% after Morgan Stanley MS.N agreed to buy the asset manager for about $7 billion in a cash-and-stock deal.
The current NSE market capitalization is KES 2.1 trillion.
The Japanese yen traded at 105.98 per dollar after an earlier low of 106.10 against the greenback. The Australian dollar was at $0.7162 following an earlier low of $0.712.
However, according to a report by the firm , only Tanzania took up its full share of 8% while Kenya took up 2.5 %.
With the presidential election just weeks away, focus later Wednesday may turn to a debate between Vice President Mike Pence and Democratic opponent Kamala Harris.
There were no contracts concluded on the derivative market of the NSE during today’s trading session.
MansaX is a global, multi-asset strategy fund that exposes retail and institutional investors to the global markets in five key asset classes: currencies, commodities, precious metals, global stock indices and global single stocks as well as cash and cash equivalents.
Davis & Shirtliff plans to use the new facility to increase the company’s network to 70% coverage across Kenya and open its distribution network further in other African markets.
The moves came as investors reacted to Trump's move to halt stimulus talks.
Airtel and MTN Uganda, as well as Stanbic Bank, were the most affected firms.
Volume on U.S. exchanges was 10.55 billion shares, compared with the 9.79 billion average for the full session over the last 20 trading days.
Market giant Dangote Cement Plc, which climbed 9.9%, MTN Nigerian Communications Plc, up 5.7%, and Zenith Bank Plc, which gained 9.5%, were the three biggest contributors to Tuesday’s advance
TSLA 
GME 
MSFT 
AAPL 
AMC GMEQX 
FB 
TWTR AIR.BE ABNB GOOGL 
AMZN 
