The Trading Room

Equity Group DRC

Equity Group announces a total $1.6Billion DRC investment commitments by 26 Kenyan Companies

26 Kenyan companies have committed trade investments worth $1.6Billion in the Democratic Republic of Congo. The 26 traders are part of the Kenya delegation that participated in last year’s Kenya-DRC Trade Mission organized by the Government of Kenya and the Government of the Democratic Republic of Congo (DRC) in partnership with Equity Group. Some of …

Equity Group announces a total $1.6Billion DRC investment commitments by 26 Kenyan Companies Read More »

Asia Trader

Asian Markets Gain Amidst Concerns on Property Sector, Weibo Plummets 10%

Mainland Chinese markets jumped in Asia in afternoon trade on Wednesday. Troubled Chinese real estate developers are back in the spotlight, while Chinese social media giant Weibo had a disappointing market debut in Hong Kong. The Shanghai Composite climbed 1.18% to close at 3,637.57, while the Shenzhen component rose 1.82% to 14,964.46. The CSI 300 …

Asian Markets Gain Amidst Concerns on Property Sector, Weibo Plummets 10% Read More »

oil

Oil Prices Edge Lower, as Investors Watch Out on Joint Reserve Release

Oil prices fell on Wednesday as the U.S.-led coordinated release of stocks from strategic reserves eased concerns over tightness in global supply, while investors took profits from the previous day’s rally ahead of the U.S. Thanksgiving holiday. U.S. West Texas Intermediate (WTI) crude futures fell 12 cents, or 0.2%, to $78.38 a barrel at 0122 GMT, reversing …

Oil Prices Edge Lower, as Investors Watch Out on Joint Reserve Release Read More »

Brent Crude Oil price wti

Oil Prices Drops 0.6% Backed by Drop in U.S Crude Inventories.

Oil prices fell on Thursday, extending losses after official figures showed an unexpected rise in inventories in the United States although prices seem to have stabilized following a recent run of gains. Brent crude was down 11 cents at $78.53 a barrel by 0137 GMT, after falling 0.6% on Wednesday. U.S. oil fell 5 cents to $74.78 a barrel, having …

Oil Prices Drops 0.6% Backed by Drop in U.S Crude Inventories. Read More »

Global Markets Wall Street

Wall Street Slumps as Markets Jittery Over Potential Collapse of China’s Evergrande

Wall Street fell in a broad sell-off on Monday, with the S&P 500 and Nasdaq suffering their biggest daily percentage drops since May, as fear of contagion from the potential collapse of China’s Evergrande drove investors out of equities in a flight for safety. The Nasdaq also hit its lowest level in about a month, …

Wall Street Slumps as Markets Jittery Over Potential Collapse of China’s Evergrande Read More »

AFDB

AFDB Approves $50 Million Trade Finance Risk With Standard Chartered Bank

The African Development Bank Group (AfDB) board has approved a $50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility with Standard Chartered Bank. The agreement is expected to boost intra-Africa trade, promote regional integration, and contribute to the reduction of the trade finance gap in Africa, in line with implementation aspirations of the African …

AFDB Approves $50 Million Trade Finance Risk With Standard Chartered Bank Read More »

Asia Stock Markets

Asia – Pacific Stocks Rise, Hong Kong’s Hang Seng Index Bounces 1.05% Emerging from Bear Market.

Stocks in Asia-Pacific rose on Monday trade as Hong Kong’s Hang Seng index bounced back after falling into a bear market last week. The Hang Seng index rose 1.05% in afternoon trade, as shares of Chinese tech giant Tencent rose nearly 2% while Hong Kong Exchanges and Clearing surged more than 5%. Heavy losses last week left the Hang Seng index …

Asia – Pacific Stocks Rise, Hong Kong’s Hang Seng Index Bounces 1.05% Emerging from Bear Market. Read More »

Wall Street Dow Nasdaq

Wall Street Ends Week Higher Despite Growing Inflation Concerns

Stocks on Wall Street climbed on Friday as investors brushed off a stronger-than-expected inflation reading, as both the Dow and S&P 500 indexes clinched their first weekly gain in the past three weeks. Consumer prices, as measured by the personal consumption expenditures (PCE) price index excluding the volatile food and energy components, rose 0.7% in …

Wall Street Ends Week Higher Despite Growing Inflation Concerns Read More »

Asian Markets

Asia – Pacific Markets Mixed as Investors Wait on Wednesday’s Fed Release

Asia-Pacific markets traded mixed on Wednesday as investors wait for the outcome of the U.S. Federal Reserve’s two-day policy meeting later in the day. Australia shares cut back some of their earlier losses as the ASX 200 closed down 0.47% at 6,795.20. The energy and materials subindexes declined 1.19% and 1.46%, respectively as oil and mining stocks broadly declined. …

Asia – Pacific Markets Mixed as Investors Wait on Wednesday’s Fed Release Read More »

Wall Street

Wall Street Gains as Jobs data, Global Equity Markets Regain Ground

Wall Street and a gauge of global equity markets on Friday recovered from earlier losses as investors took stock of a report that showed faster-than-expected U.S. jobs growth but which had previously stoked inflation concerns. Trading was frantic across the globe, as Asian markets dropped overnight while MSCI’s all-country index was on its longest losing …

Wall Street Gains as Jobs data, Global Equity Markets Regain Ground Read More »

Asia trader

Australia, Japan Stocks Flat as Asia – Pacific Markets Close for Lunar Holiday

Shares in Australia and Japan struggled for gains on Friday where trading volume was relatively low as many stock markets in the region are closed for the start of the Lunar New Year holiday. In Australia, the benchmark ASX 200 dropped 0.63% to 6,806.70, with the financials, energy and materials sub indices struggling for gains, …

Australia, Japan Stocks Flat as Asia – Pacific Markets Close for Lunar Holiday Read More »

Asian Markets Shenzhen

Asian Markets Advance; Shenzhen Leads with Over 2.36% Perfromance

Stocks in Asian markets mostly advanced Tuesday with Chinese mainland shares leading gains. The benchmark Shanghai composite rose 2.01% to 3,603.49 while the Shenzhen component advanced 2.36% to 15,630.57. In Hong Kong, the Hang Seng index rose 0.53% in late-afternoon trade. Japan’s Nikkei 225 gained 0.4% to 29,505.93. South Korean shares slipped as the main Kospi index declined 0.21% to 3,084.67. …

Asian Markets Advance; Shenzhen Leads with Over 2.36% Perfromance Read More »

Asia Shanghai Exchange

Asian Markets Trade Higher on Overnight Wall Street Jump

Stocks in the Asian – Pacific regions rose on Tuesday following an overnight jump on Wall Street. The Shenzhen component in mainland China saw robust gains as it rose 2.073% on the day to 15,335.66. The Shanghai composite advanced 0.81% to 3,533.68. Hong Kong’s Hang Seng index was 1.15% higher, as of its final hour of trading. The Taiex in Taiwan …

Asian Markets Trade Higher on Overnight Wall Street Jump Read More »

Asia Trader

Asian Markets Surge as Silver Prices Gain over 10 Percent in Trading Hours

Asian stock markets posted a surg on Monday as silver prices saw strong gains. South Korea’s Kospi led gains among the region’s major markets, jumping 2.7% to close at 3,056.53 as shares of biopharmaceutical firm Celltrion soared 14.51%. Hong Kong’s Hang Seng index also saw robust gains, advancing 2.15% to finish its trading day at 28,892.86. Mainland …

Asian Markets Surge as Silver Prices Gain over 10 Percent in Trading Hours Read More »

Asian Markets Mostly High; Alibaba Soars Following Jack Ma’s First Public Re-Appearance

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 of founder Jack Ma. Shares of Alibaba listed in the city surged 8.52% after Ma appeared in a video posted on Chinese social media addressing rural teachers as part of one of his charity foundation’s …

Asian Markets Mostly High; Alibaba Soars Following Jack Ma’s First Public Re-Appearance Read More »

Asian Markets

Asian Markets Mixed as Chinese Tech Stocks Follow Wall Street Rally

Markets across Asia-Pacific were mixed on Wednesday, as developments turned the focus on Chinese tech giants and regional energy stocks. Shares of Chinese tech giants Tencent and Alibaba were monitored by investors on Wednesday after U.S. President Donald Trump signed an executive order banning transactions with eight Chinese software applications. That included WeChat Pay and Ant Group’s Alipay. The order is …

Asian Markets Mixed as Chinese Tech Stocks Follow Wall Street Rally Read More »

Image of workers of NSE discussing Market report

Market Report: July 09, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 47,288,500 shares in 1,418 deals, corresponding to a market value of KES 1,294,185,188.00, were traded. Compared with the previous NSE trading day (Wednesday, July 8), today’s data shows 59% improvement in volume, 57% improvement in turnover, but 10% decline …

Market Report: July 09, 2020 Read More »

Market Report: July 06, 2020

At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE). A total of 22,303,800 shares in 1,238 deals, corresponding to a market value of KES 553,494,555.00, were traded. Compared with the previous NSE trading day (Friday, July 3), today’s data shows 256% improvement in volume, 266% improvement in turnover, and …

Market Report: July 06, 2020 Read More »

Market Report; July 2, 2020

The Derivatives Market had 2 contracts valued at Kes 64,050 transacted in today’s trading session. This was against the 4 contracts valued at Kes 112,600 concluded in the previous session.

Market Report: 26 May, 2020

The derivatives market of the NSE had an increase in acitvity with two contracts worth Kes 72,250  traded in today’s session compared to one Safaricom contract worth Kes 29,000 traded in the previous session.

Market Report: 11 May 2020

The secondary Bond market at the Nairobi Securities Exchange recorded moderate growth in activity with bonds worth Kes 2.66 Billion trading in 98 deals, as compared to Friday turnover of Kes 2.73 Billion which was achieved in 108 deals.

Market Report: 06 May 2020

The secondary Bond market at the Nairobi Securities Exchange recorded a decline in activity with bonds worth Kes 1.57 Billion trading in 106 deals, as compared to yesterday’s turnover of Kes 3.25 Billion which was achieved in 155 deals.

Warren Buffet’s massive cash Pile now at a record $137 billion.

Buffett, who will host Berkshire’s annual meeting virtually later Saturday, has largely stayed in the shadows as the pandemic hammered the global economy and stock markets. That’s a contrast to the financial crisis in 2008, when his Omaha-based company dipped into its vast cash reserves to gain lucrative preferred shares and rescue businesses teetering on the edge of collapse. While Berkshire’s operating earnings climbed in the first quarter, Buffett warned of pain from the virus’s fallout.

OPEC Oil Prices

Morning Note: Asian Markets Up, Oil Up

The major Asia-Pacific stock indexes are trading lower on Monday as traders digest the OPEC+ production cut deal and the latest news about the coronavirus pandemic. Volume is light with most of the world coming off a long holiday weekend. Markets in Hong Kong and Australia are also closed for Easter Monday.

Market Report: 03 April, 2020.

Trading activities on secondary Bond market at the Nairobi Securities Exchange slumped with bonds worth Kes 855.5 Million trading in 61 deals, as compared to yesterday’s turnover of Kes 2.05 Billion which was achieved in 109 deals.

Market Report: 02 April, 2020.

Activity on the derivatives market of the Nairobi Securities Exchange [NEXT] grew exponentially with 14 contracts concluded in today’s trading session, marking a turnover valued at Kes 390,600. The Safaricom contract expiring on 18-Jun-20 was the most traded contracts with 12 contracts traded

Market Report: 01 April, 2020.

The secondary Bond market at the Nairobi Securities Exchange continued to experience a decline in deals and turnover, with bonds worth Kes 1.11 Billion trading in 66 deals, as compared to yesterday’s turnover of Kes 1.48 Billion which was achieved in 98 deals.

Peter Ndegwa Officially takes over as Safaricom’s CEO

Peter Ndegwa is the third substantial chief executive of the company following in the footsteps of Joseph ( 2000-2010 ) and the late Collymore (November 2010-July 2019 ). He has a big shoe to fill owing to his predecessors’ success at the Nairobi Securities (NSE)-listed telco, which has remained a leading service provider, accounting for 64.8 per cent of mobile subscriptions in the country.

International Monetary Fund (IMF)

We’re now in a Recession – IMF

Greatest health impact has been in advanced economies, but emerging market and developing countries, especially low-income countries, will be hard hit by a combination of health crisis, a sudden reversal of capital flows & for some, a sharp drop in commodity prices.