Month: January 2021

Market activity on the Nairobi Securities exchange (NSE) eased during the week as investors cautiously traded on volatility of global ...

Global Markets logged one of the largest weekly loss in three months last week as volatile trading in certain pockets ...

East African Breweries Limited (EABL) recorded a 3% decline in net sales to Kes 44.5 billion for the half-year ended ...

Carbacid Investments Plc’s (CIL) shareholders have approved the acquisition of up to 100 percent of the shareholding of BOC Kenya ...

An army of retail investors returned to Wallstreet to trade shares in GameStop Corp and Koss Corp. The stocks sky-rocketed ...

At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE) A total of 22,835,200 shares ...

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.732 after rising from levels ...

Oil prices were steady on Friday, sticking to ranges seen over the past three weeks, as investors looked for signs ...

Listed power producer, Kengen Plc, has reported net revenue amounting to Kes. 39.82 million for the financial period ended 30th ...

Heavyweights, including Microsoft Corp, Amazon.com and Alphabet Inc, were among the biggest boosts to the S&P 500, a day after ...

The Central Bank of Kenya (CBK) Monetary Policy Committee (MPC) on Wednesday kept the benchmark rate unchanged at 7% in ...

At the end of today's trading session on the Nairobi Securities Exchange (NSE). A total of 20,004,100 shares in 860 ...

Shares in Asia-Pacific fell on Thursday following an overnight plunge on Wall Street that wiped out the S&P 500′s 2021 ...

Safaricom has launched an M-PESA Bill Management service that offers a platform where businesses can present and receive pending payments ...

Oil prices slid in early trade on Thursday on fresh worries about weakened fuel demand, after England clamped down on ...

Volume on U.S. exchanges was 23.42 billion shares, well above the 14.31 billion average for the full session over the ...

At the end of today's trading session on the Nairobi Securities Exchange (NSE). A total of 23,506,400 shares in 944 ...

In a report issued by the United Nations Conference on Trade and Development (UNCTAD), Egypt has been ranked to be the highest ...

The Nikkei 225 in Japan rose 0.31% to close at 28,635.21 while the Topix index gained 0.65% to finish its ...

Centum Investment Company has sold 20% of its shares with a current market value of Kes 92.2 million, to billionaire ...

Oil prices climbed on Wednesday after industry data showed U.S. crude stockpiles fell unexpectedly last week and China, the world’s ...

Dow Jones Industrial Average fell 22.96 points, or 0.07%, to 30,937.04, the S&P 500 lost 5.74 points, or 0.15%, to ...

At the end of today's trading session on the Nairobi Securities Exchange (NSE) A total of 5,783,100 shares in 799 ...

Stocks in Asia declined in Tuesday trade, with Chinese stocks leading losses among the region’s major markets. The Hang Seng index in ...

Kenya’s economy is projected to recover and grow by 6.4% in 2021. In a draft of the 2021 budget policy Statement by ...

Oil prices eased on Tuesday, giving up some of the previous session’s gains, as hopes for rapid approval of new ...

Earlier on Monday, drugmaker Merck & Co said it would stop development of its two COVID-19 vaccines. Its shares managed ...

According to a United Nations Conference on Trade and Development report released on Sunday, China has overtaken the U.S. as ...

At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE) A total of 16,144,800 shares ...

In the afternoon of Asia - Pacific trading hours, the international benchmark Brent crude futures up 0.47% at $55.67 per barrel. U.S. crude ...

On Monday, President Joe Biden expected to sign an executive order to impose a ban on most non-U.S. citizens entering ...

Oil prices slipped for a second straight session on Monday as renewed Covid-19 lockdowns raised fresh concerns about global fuel demand.

The Derivative Market of the Nairobi Securities Exchange closed the week with a total of 58 contracts valued at Kes.2.6 ...

Global markets finished the week slightly off record highs, as investors continue to balance positive news with near-term challenges. In ...

Entrepreneurs have been advised to take advantage of the government’s move to automate most of its services and come up ...

Kenya Airways PLC has temporarily suspended its services to France and the Netherlands due to the COVID-19 regulations in Europe ...

President Joe Biden said on Friday the U.S. economic crisis was deepening and that the government needs to take major ...

BOC Kenya Plc a leading supplier of industrial, medical and special gases in East Africa, has been granted approval by ...

During today's trading session, the derivatives market of the NSE posted a decline in activity with 14 contracts concluded valued ...

In Japan, the Nikkei 225 slipped 0.44% to close at 28,631.45 while the Topix index shed 0.21% to finish its trading day ...

The African Export-Import Bank has mobilised $1 billion for an adjustment facility to offset revenue losses for countries that lower ...

U.S. West Texas Intermediate (WTI) crude futures dropped 53 cents, or 1%, to $52.60 a barrel at 0445 GMT, after slipping ...

The NSE is looking to scale up activity, partly by increasing shares available for trade. The exchange is in talks ...

Ford Motor Co jumped 6.17% extending gains for a second straight day after Deutsche Bank raised its price target on ...

In December, Larry Fink the firm's Chief Executive Officer noted that the world's most popular cryptocurrency was seeing giant moves on ...

The derivatives market of the NSE posted a rise in activity with 21 contracts concluded valued at Kes 754,750 as ...

Shares in major Asia-Pacific markets rose on Thursday after stocks on Wall Street sailed to record highs as U.S. President Joe ...

The administration is also committed to ending new oil and gas leasing on federal lands, Biden’s press secretary said, although ...

Saudi Arabia hence became the top supplier to China for a second year in a row, after taking the spotlight ...

The group reported a non performing loan  of kes 11.2 billion in the last quarter of 2020 , which had ...

Kenya's total debt jumped to 65.6% of gross domestic product in June 2020 from 62.4% a year earlier, the World ...

The S&P 500 posted 54 new 52-week highs and no new lows; the Nasdaq Composite recorded 336 new highs and ...

At the end of today's trading session on the Nairobi Securities Exchange (NSE) A total of 23,956,000 shares in 1,020 ...

Stocks in major Asia-Pacific markets were mostly higher on Wednesday, with Hong Kong-listed shares of Chinese tech juggernaut Alibaba surging following the reappearance ...

Nigeria's  biggest bank Access Bank Plc, has identified eight African Countries for potential expansion so as to benefit from the ...

Six analysts polled by Reuters estimated, on average, that crude stocks fell by 300,000 barrels in the week to Jan. ...

The S&P 500 posted 37 new 52-week highs and no new lows; the Nasdaq Composite recorded 296 new highs and ...

The derivatives market of the NSE posted a rise in activity, with 2 contracts concluded valued at Kes 669,000 as ...

South Korea’s Kospi led gains among the region’s major markets, rising 2.61% to close at 3,092.66 as shares of automaker Hyundai Motor ...

The Co-operative Bank of Kenya has secured a long-term financing facility arranged by the International Finance Corporation (IFC) amounting to ...

Kenya has  recorded a 10.7 % rise in remittances from US$2,796 million in 2019 to a record high of US$3,094 ...

Biden’s pick for Treasury Secretary, Janet Yellen, is expected to rule out seeking a weaker dollar when testifying on Tuesday, ...

The report further stated that the general insurance business remained the largest contributor to the industry insurance premium.

The derivatives market of the NSE posted a moderate decline in activities, with 8 contracts concluded valued at Kes 295,200 ...

Mainland Chinese stocks were higher on the day, with the Shanghai composite up 0.84% to 3,596.22 while the Shenzhen component advanced 1.58% to 15,269.27. ...

“The Relative Strength Indexes (RSI’s) on both contracts were in overbought territory, indicating a correction was on its way,” said ...

Turkish stocks, as measured by the BIST-100 Index, returned about -1.0%. T. Rowe Price sovereign analyst Peter Botoucharov has been ...

The Dow Jones Industrial Average fell 177.26 points, or 0.57%, to 30,814.26, the S&P 500 lost 27.29 points, or 0.72%, ...

The derivatives market of the NSE posted an exponential growth in activities, with 64 contracts concluded valued at Kes 1.93 ...

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.409 following an earlier ...

“China, the global engine of oil demand growth, is wrestling with fresh COVID outbreaks,” it said.

Investors were waiting for the earnings season to kick into full swing with results from JPMorgan, Citigroup and Wells Fargo ...

The derivatives market of the NSE posted an exponential growth in activities, with 30 contracts valued at Kes 851,925 concluded

China’s exports rose 18.1% in December as compared with a year earlier, according to customs data released Thursday.

A hefty COVID-19 relief package, which U.S. President-elect Joe Biden is due to unveil on Thursday, also kept losses in ...

Earnings reports from big U.S. banks including JPMorgan and Citigroup were also on investors minds as they will mark the ...

The derivatives market of the Nairobi Securities Exchange had 7 single stock futures contracts valued at Kes 199,140 concluded.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 89.90 following an earlier high ...

Prices are shrugging off the latest developments in Europe and the United States where death tolls and new infections keep ...

The S&P 500 posted 87 new 52-week highs and no new lows; the Nasdaq Composite recorded 307 new highs and ...

The derivatives market of the Nairobi Securities Exchange had 5 single stock futures contracts valued at Kes 182,000 concluded

MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.26%.

Declining issues outnumbered advancing ones on the NYSE by a 1.53-to-1 ratio; on Nasdaq, a 1.17-to-1 ratio favored decliners

The secondary bond market of the Nairobi Securities Exchange posted a decline in activity during Monday’s trading session with bonds ...

Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down 1.3% to $55.26 per ...

Mexican stocks, as measured by the IPC Index, returned about 6%. Shares were lifted in part by strength in U.S. ...

Electric car-maker Tesla Inc jumped 7.8%, taking its market capitalization to more than $800 billion for the first time ever. ...

The derivatives market of the Nairobi Securities Exchange had 4 single stock futures contracts valued at Kes 38,800 transacted. This ...

Russia and Kazakhstan will collectively increase their output by 75,000 bpd while the rest of the group will hold output ...

The Japanese yen traded at 103.93 per dollar after weakening from levels below 103.2 against the greenback yesterday. The Australian dollar changed hands at ...

Advancing issues outnumbered declining ones on the NYSE by a 1.72-to-1 ratio; on Nasdaq, a 2.88-to-1 ratio favored advancers.

The derivatives market of the Nairobi Securities Exchange had 10 single stock futures contracts valued at Kes 364,870 transacted.

Mainland Chinese stocks saw gains on the day, with the Shanghai composite up 0.71% to 3,576.20 and the Shenzhen component rising 1.111% to 15,356.40. ...

Overall, the global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout ...

Shares in Canadian marijuana producer Tilray soared more than 24 percent before closing up 13 percent to $10.77. In after ...

The derivatives market of the Nairobi Securities Exchange had 5 single stock futures contracts valued at Kes 75,920 transacted

Markets across Asia-Pacific were mixed on Wednesday, as developments turned the focus on Chinese tech giants and regional energy stocks. ...

Meanwhile U.S. crude oil inventories dropped by 1.7 million barrels in the week to Jan. 1 to 491.3 million barrels, ...

The S&P 500 posted 19 new 52-week highs and no new lows; the Nasdaq Composite recorded 117 new highs and ...

The derivatives market of the Nairobi Securities Exchange had 5 East African Breweries Plc single stock futures contracts valued at ...