There were no contracts concluded during today’s trading session on the derivatives market.
Home2020December 2020 - The Trading Room
The Authority will continue engaging issuers, stakeholders and partners to build on the progress made while ensuring that the governance requirements are facilitative, value-adding and progressive.
Mainland Chinese stocks surged on the day: the Shanghai composite climbed 1.72% to 3,473.07 while the Shenzhen component gained 1.895% to 14,470.68. The Hang Seng index in Hong Kong advanced 0.31% to 27,231.13.
Equity Group holdings Plc (EGH) has received regulatory approval to merge Equity Bank Congo (EBC) and BCDC to form a new bank. Going forward, the new bank will be known as, Equity Banque Commercial du Congo (EquityBCDC). This follows EGH’s acquisition of 66.53% shareholding of BCDC from the family of George Forrest, combined with prior EGH 86.6% shareholding in EBC and an additional EBC shareholding of 7.7 % acquired from KFW during the year. Post...
Volume on US exchanges was 9.57 billion shares, compared with the 10.93 billion average for the full session over the last 20 trading days.
The world's most popular cryptocurrency was last up 2.3 percent at $28,012.
There were no contracts concluded during today's trading session on the derivatives market.
China’s 2019 GDP growth was revised downward to 6.0%, according to a statement released Wednesday by the country’s National Bureau of Statistics. That compared against a pre-revision 2019 growth rate of 6.1%.
Intel Corp jumped after Reuters reported activist hedge fund Third Point LLC is pushing the chipmaker to explore strategic options, including whether it should remain an integrated device manufacturer.
At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 5,381,200 shares in 710 deals, corresponding to a market value of KES 86,516,391.00, were traded. Compared with the previous NSE trading day (Monday, December 28), today’s data shows 18% decline in volume and 21% decline in turnover. The current NSE market capitalization is KES 2.27 trillion. In the aggregate, 45 NSE listed equities participated in trading, ending with 23...
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 0.69% to $51.21 per barrel. U.S. crude futures gained 0.65% to $47.93 per barrel.
In a sudden reversal late on Sunday, Trump backed down from his threat to block the hard-fought bill, restoring unemployment benefits to millions of Americans and averting a federal government shutdown.
The derivatives market of the Nairobi Securities Exchange had 5 single stocks futures contracts valued at Kes 46,000 concluded. This was a decline in turnover from the 5 contracts valued at Kes 180,290 transacted in the previous trading session.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.093 after declining from levels above 90.4 in recent days.
The NSE 20 and the NSE25 share indices have shed up-to 30.7% and 18.44% respectively in year to date performance.
Russian stocks declined early in the week amid worsening sentiment toward riskier asset classes and on news that the U.S. Department of Commerce would move to block trade in goods and services with Russian companies that have links to the Russian military
The move came after President Donald Trump slammed the $900 billion bill, calling it an unsuitable “disgrace” because it calls for $600 rather than $2,000 checks.
At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 13,123,900 shares in 625 deals, corresponding to a market value of KES 511,060,570.00, were traded. Compared with the previous NSE trading day (Wednesday, December 23), today’s data shows 44% improvement in volume, 124% improvement in turnover, and 5% improvement in deals. The current NSE market capitalization is KES 2.26 trillion. In the aggregate, 42 NSE listed equities participated in...
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 0.29% to $51.35 per barrel. U.S. crude futures advanced 0.25% to $48.24 per barrel.
Brent crude futures dropped 0.6 percent to $49.78 a barrel and US crude futures fell 0.74 percent to $46.68. Gold ralled 0.5 percent to $1,868 an ounce.
The derivatives market of the Nairobi Securities Exchange had 15 single stocks futures contracts valued at Kes 168,875 concluded.
Equity has accelerated its technology capability to deliver self-service banking across its markets through mobile banking, Agency banking as well as online banking.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 90.445 following an earlier high of 90.666.
Corporate NewsSafaricom Reduces M-Pesa Tariffs For Low Cost Transactions Effective January 2021
302 min
“The price cuts are permanent, effective from January 1, 2021 and will enable more than 26.8 million customers to continue enjoying lower costs whenever they send money.” Ndegwa noted
The S&P index recorded 19 new 52-week highs and no new lows, while the Nasdaq recorded 278 new highs and seven new lows.
The Derivatives Market had 5 contracts worth Kes.185,000 transacted in today’s trading session. Five KCB contracts worth Kes.185,000 expiring in 18th March 2021.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.224 after seeing an earlier low of 90.09.
The S&P 500 posted 16 new 52-week highs and no new lows; the Nasdaq Composite recorded 182 new highs and 17 new lows.
The derivatives market of the Nairobi Securities Exchange had 5 single stocks futures contracts valued at Kes 46,050 transacted.
Oil prices fell in the afternoon of Asia trading hours, with international benchmark Brent crude futures down 3.23% to $50.57 per barrel. U.S. crude futures also dropped more than 3% to $47.44 per barrel.
The derivatives market of the NSE posted a moderate growth in activity, with 168 contracts valued at Kes.3.5 million concluded
Global markets edged higher last week, with all major benchmark global indices hitting fresh all-time highs. Fiscal-stimulus optimism in the United States, along with a brighter longer-term outlook driven by the rollout of vaccines, continues to support sentiment in the market and the general global economic environment. United States The major indexes reached record highs as expectations grew for the passage of another federal coronavirus relief package. Information technology stocks outperformed within the S&P 500...
The Dow Jones Industrial Average fell 124.32 points, or 0.41%, to 30,179.05, the S&P 500 lost 13.07 points, or 0.35%, to 3,709.41 and the Nasdaq Composite dropped 9.11 points, or 0.07%, to 12,755.64.
Mr. Ngugi said the Company will also intensify the use of Live–Line technology for planned maintenance programmes for enhanced customer satisfaction.
The derivatives market of the Nairobi Securities Exchange had 15 single stocks futures contracts valued at Kes 167,850 transacted
Morning BriefAsia-Pacific Stocks Mixed as Investors React to BoJ’s Corporate Financing Statement
234 min
The U.S. dollar index, which tracks the greenback against a basket of its peers, last traded at 89.945 after weakening this week from levels above 90.4.
The platform will enable unlisted commercial banks, cooperative societies and private companies access the benefits of an efficient over the counter market anchored on leading technology capabilities and resources.
Advancing issues outnumbered declining ones on the NYSE by a 1.94-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored advancers
Secondary bond market on the Nairobi Securities Exchange posted a decline in activity during Thursday's session with bonds worth Kes 2.30 billion traded in 102 deals during today’s session
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 1.23% to $51.71 per barrel. U.S. crude futures gained 1.34% to $48.46 per barrel.
Southwest Airlines Co fell 1.5% after flagging a higher cash burn in the fourth quarter, as well as increased trip cancellations in December.
The derivatives market of the Nairobi Securities Exchange had 21 single stocks futures contracts valued at Kes 496,500 transacted
The Japanese yen traded at 103.40 per dollar, having seen levels around 104.1 against the greenback yesterday. The Australian dollar was at $0.7565 after trading at levels around $0.751 yesterday.
FDI contributed 62,876 jobs in Uganda accounting for (18.2%) of total jobs created, while FDI into Tanzania created 46,765 jobs accounting for 47.9% of the total jobs created.
Global MarketsNasdaq Posts Gains as Investors Turn Optimistic on Stimulus Talks; Apple Inc Up 5%
296 min
Volume on U.S. exchanges was 10 billion shares, compared with the 11.5 billion average for the full session over the last 20 trading days.
The derivatives market of the Nairobi Securities Exchange had 20 single stocks futures contracts valued at Kes 304,100 transacted.
Morning BriefAsia – Pacific Stocks Decline as Investors Worry on Rising Global Coronavirus Numbers
435 min
The Japanese yen traded at 104.05 per dollar after seeing levels below 103.8 against the greenback yesterday. The Australian dollar changed hands at $0.7526 following levels above $0.756 seen yesterday.
Electric-car maker Tesla Inc rallied almost 5% as anticipation of its addition to the S&P 500 benchmark next week offset a report of production delays.
The derivatives market of the Nairobi Securities Exchange had 21 single stocks futures contracts valued at Kes 412,150 transacted.
BOC Holdings supports the intended offer and has issued an irrevocable undertaking to sell its 65.38%stake in BOC Kenya.
shares in Australia edged higher, with the S&P/ASX 200 up around 0.5%. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.15%.
The Derivatives Market of the Nairobi Securities Exchange closed the week higher, with a total of 117 contracts valued at Kes.3,262,600 concluded
Stocks in Brazil, as measured by the Bovespa Index, returned about 1.2%. Early in the week, Brazil reported that inflation rose 0.89% in November on a month-over-month basis.
The Global Forum Secretariat provided technical assistance in 2020 to 59 developing country members, including training to thousands of officials, as part of efforts to strengthen tax collection capacity worldwide.
Volume on U.S. exchanges was 9.92 billion shares, compared with the 11.48 billion average for the full session over the last 20 trading days.
The secondary bond market on the Nairobi Securities Exchange posted growth in activity during Friday's session with bonds worth Kes 2.67 Billion traded in 44 deals during today’s session
Oil prices rose during Asia trading hours on Friday: U.S. crude futures were up 0.73% at $47.12 a barrel. Global benchmark Brent rose 0.72% to $50.61.
Musungu was previously the general manager for GlaxoSmithKline Kenya and East Africa Business.
equities moved well off lows that saw the S&P 500 down as much as 0.75% after U.S. Treasury Secretary Steven Mnuchin said talks between Republican and Democratic senators on COVID-19 relief were making ”a lot of progress”
The derivatives market of the Nairobi Securities Exchange had 11 single stocks futures contracts valued at Kes 298,150 transacted.
The facility will also have a Liquefied Petroleum Gas (LPG) line which is anticipated to stabilize the nation’s supply of gas.
The U.S. dollar index, which measures the greenback against a basket of its peers, traded near flat at 91.058.
Drugmaker Eli Lilly climbed 5.83% after flagging positive data from a late-stage clinical trial for its experimental drug designed to treat type 2 diabetes.
The derivatives market of the Nairobi Securities Exchange had 4 single stocks futures contracts valued at Kes 130,000 transacted
The two leaders will now head to Lamu County to assess the progress of the Lamu Port South Sudan Ethiopia Transport corridor.
The Japanese yen changed hands at 104.20 per dollar, staying relatively flat. Elsewhere, the Australian dollar ticked up 0.47% to $0.7446.
Corporate NewsI&M Holdings Gets Shareholders’ Nod for Acquisition of Ugandan Based Orient Bank
271 min
I&M will be joining the likes of DTB, Equity and KCB Group which have presence in the country.
The S&P 500 posted 48 new 52-week highs and no new lows; the Nasdaq Composite recorded 223 new highs and 8 new lows.
The derivatives market of the Nairobi Securities Exchange had 46 single stocks futures contracts valued at Kes 1.24 million transacted.
In addition to providing immediate relief and recovery support, the platform will lay the foundation for a green and inclusive economic recovery post-pandemic.
Elsewhere, the Japanese yen changed hands at 104.10 per dollar, weakening from an earlier level around 103.94, while the Australian dollar fell 0.18% to $0.7407.
Large cap growth stocks, which had underperformed value stocks in recent weeks as investors looked to names likely to benefit from a reopened economy, edged up while value lost ground.
Trading on the secondary bond market at the NSE recorded a stable rise in activity with bonds worth Kes 1.73 billion transacted in 46 deals.
In the currency market, the U.S. dollar traded at 90.851 as of 3:34 p.m. HK/SIN against a basket of its peers. The dollar index fell from levels near 91.80 last week but climbed from an earlier session low of around 90.688.
The lifting of NBV pushed the share to a high of Kes 4.30, a 505.63% gain in price from the share-price of Kes 0.71 when the shares was suspended.
Turkish stocks, as measured by the BIST-100 Index, returned about 0.2%. Shares fell sharply on Monday but rebounded over the rest of the week.
Octagon Afya Plus also provides members with an avenue to invest and save or transfer up to 10% of their retirement benefits into the post-retirement medical scheme. The investment earns an annual investment income.
The S&P 500 posted 50 new 52-week highs and no new lows; the Nasdaq Composite recorded 222 new highs and 6 new lows.
The derivatives market of the Nairobi Securities Exchange had 4 Safaricom single stock futures contracts valued at Kes 130,000 concluded during today's trading session.
Beginning 1st January 2021, the Corporate Tax rate will revert to 30% from the current 25%, same as Individual Income tax which will also shoot to 30% from 25%.
The Japanese yen traded at 103.86 per dollar after strengthening sharply yesterday from levels above 104 against the greenback. The Australian dollar changed hands at $0.7433, having risen from levels below $0.74 earlier in the trading week.
During the 10 month period, Uganda was the leading source market with 60,399 arrivals, USA 53,444, Tanzania 43,649, the UK 42,341, and India 25,251.
The S&P 500 posted 34 new 52-week highs and no new lows; the Nasdaq Composite recorded 174 new highs and seven new lows.
It is still not known how many customers were been impacted in South Africa and also if any other country outside South Africa might have been affected.
There were no contracts concluded during today’s trading session on the derivatives market of the NSE.
Morning BriefAsian Markets Advance as Investors Analyze Caixin/Markit Purchasing Managers’ Index
184 min
Oil prices dipped in the afternoon of Asia trading hours, with international benchmark Brent crude futures fractionally lower at $48.21 per barrel. U.S. crude futures slipped 0.13% to $45.22 per barrel.
The S&P 500 posted 18 new 52-week highs and no new lows; the Nasdaq Composite recorded 89 new highs and 12 new lows.
There was one Safaricom contract expiring on 17th December, 2020, concluded during today's trading session on the derivatives segment of the Nairobi Securities Exchange.
Morning BriefAsian Markets Mixed as Australia’s GDP Beats Expectations, Positive Coronavirus Vaccine News
234 min
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.149 following a decline earlier this week from levels above 91.5.
While the Kenya firm produces and supplies industrial, medical, and special gases, CIL’s main operating subsidiary Carbacid (CO2) Limited is the region’s leading producer of food-grade carbon dioxide extracted from natural underground reservoirs in Kenya.
The S&P 500 posted 48 new 52-week highs and no new lows; the Nasdaq Composite recorded 185 new highs and 8 new lows.
Equity Bank has been awarded the Best Regional Bank in East Africa, and for the second year running, the Africa Socially Responsible Bank of the Year, having demonstrated high performance across various metrics, both qualitative and quantitative in the competition. According to the African Banker judging panel, the Bank excelled in terms of reaching out to new customers, offering new services, adopting inclusiveness by reaching out to the unbanked, adopting new technologies, and for its...
The derivatives market of the Nairobi Securities Exchange had one Safaricom contract expiring on 17th December concluded during today's trading session.
The transport index decreased by 0.15%, as the government relaxed travel and curfew restrictions which saw transport activities improve in the sector.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.757 after seeing an earlier high of 91.945.
Global EconomiesRBA Keeps Interest Rate at Historic Low as it Forecasts Economic Bounce-back in 2021
325 min
The RBA also flagged it would continue its unconventional monetary policy measures that included a term funding facility that is providing the banking sector with cheaper liquidity and its three-year bond-buying scheme.
The S&P 500 posted 11 new 52-week highs and no new lows; the Nasdaq Composite recorded 167 new highs and 4 new lows.
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