The Trading Room

International Monetary Fund: World Economy to will Be Weakest Since 2008 Financial Crisis

The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis primarily because of widening global conflicts. The IMF’s latest World Economic Outlook foresees a slight rebound in 2020 but warns of threats ranging from heightened political tensions in …

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NSE, Shenzhen Stock Exchange launch V-Next Connect joint.

The Nairobi Securities Exchange & Shenzhen Stock Exchange (SZSE) have this morning jointly launched a cross-border match-making platform called V-Next, a one-stop pitching mechanism among qualified investors, intermediaries and start-ups to promote the Small and Medium Enterprise Board. This was announced on the commencement of the China-Kenya Capital Market Service Initiative Forum, an initiative by …

NSE, Shenzhen Stock Exchange launch V-Next Connect joint. Read More »

CBA Capital, NIC Capital & NIC Securities to Merge.

NIC Securities and NIC Capital Limited, subsidiaries of former NIC Group Plc will be merged with CBA Capital of CBA Group Limited. This comes after the Merged Unit of CBA & NIC groups started operations as NCBA Group Plc which was effected from 1st October,2019. NIC Capital will undertake businesses of the merged entity of …

CBA Capital, NIC Capital & NIC Securities to Merge. Read More »

Safaricom shares Stable on News of Planned Stake in Ethio Telecom.

Safaricom Shares slightly rallied by 0.71% but stabilized to 28.50 this morning after news on talks to acquire stake in Ethio Telecom went public today. Safaricom’s Acting Chief Executive Michael Joseph yesterday said they were at an advanced level of talks with the Ethiopian regulators to get licence of operations; starting from scratch or through …

Safaricom shares Stable on News of Planned Stake in Ethio Telecom. Read More »

Hong Kong Stock Exchange Drops LSE Bid. Turns Focus to Asian Markets

Hong Kong Exchanges & Clearing Ltd. said it won’t proceed with its 29.6 billion-pound ($36.4 billion) unsolicited takeover bid for London Stock Exchange Group Plc, another failed cross-border deal in the exchange sector that ends the Asian bourse’s ambitions to be a link between Europe and China. The decision is a rare setback for HKEX Chief Executive Officer Charles …

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Market Report 03-Oct-19

At the end of today’s trading session on the Nairobi Securities Exchange.[03-Sep-19] A total of 23,924,600 shares in 761 deals, corresponding to a market value of KES 764,125,952.00, were traded. 42 equities participated in trading, ending with 18 ✅gainers and 18 ?losers. Liberty Holdings Plc [CFCI] led the gainers with ✅9.73% share price appreciation, followed …

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Kenya’s credit rating to be out soon – Moody’s

Otros factores menos volátiles, como la exposición al asbesto, pueden contribuir a la existencia de cáncer digestivo. La filtración ha demostrado que los kayakistas que son leídos por su condición física aeróbica obtienen más puntos en kayak que la terbinafina en línea, son más baratos en una tensión o en un ergómetro para pacientes, e …

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Market Report 02-Oct-19

At the end of today’s trading session on the Nairobi Securities Exchange. [02-Oct-19] A total of 20,381,400 shares in 862 deals, corresponding to a market value of KES 581,542,642.00, were traded. 47 equities participated in trading, ending with 19 ✅gainers and 15 ?losers. CIC Insurance Group Plc [CIC] led the gainers with ✅8.17% share price …

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CDSC to suspend some services for a week as systems upgrade now complete.

The Central Depository & Settlement Corporation will suspend most of its services for one week starting Monday 7th to Friday 11th October,2019 as it completes the transfer of user data from the oracle based system to a new vendor. Services to be suspended include new user account creation and client account data update services. During …

CDSC to suspend some services for a week as systems upgrade now complete. Read More »

Market Report 01-Oct-19

At the end of today’s trading session on the Nairobi Securities Exchange.[01-Oct-19] A total of 18,418,800 shares in 884 deals, corresponding to a market value of KES 367,297,101.00, were traded. 48 equities participated in trading, ending with 18 ✅gainers and 16 ?losers. Sasini Plc [SASN] led the gainers with ✅7.69% share price appreciation, followed by: …

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Eaagads Shareholders Approve Change of Name.

Shareholders of Listed firm Eaagads Limited yesterday approved the company directors’ proposal to have the name of the company changed to Eaagads Plc.\ During the AGM, It was noted that the financial statements for the FY19 was approved by majority of shareholders present and the directors’ recommendations of a zero dividend was adopted.

Market Report 27-Sep-19

At the end of the last weekday of trading on the Nairobi Securities Exchange this week. [27-Sep-19] A total of 19,457,900 shares in 925 deals, corresponding to a market value of KES 571,269,339.00, were traded. 49 equities participated in trading, ending with 26 ✅gainers and 14 ?losers. Umeme Limited [UMME] led the gainers with ✅9.93% …

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Merged NIC & CBA Unit to start operations on 1st October as NCBA.

The Merged Unit of NIC Group Plc and Commercial Bank of Africa Group will be operational as from October 1,2019. The two units will be operating under a Non-Holding entity as NCBA. This has been announced by Central Bank of Kenya today notifying investors & customers of the two Banks that have been operating as …

Merged NIC & CBA Unit to start operations on 1st October as NCBA. Read More »

Unga Group Reports drop in FY19 Net Earnings, Cuts Dividend by half.

Unga Group Plc announced their results today before market opened. The Groups sales revenue declined by 10% over prior year. Profit for the year decreased by 30%. Volumes and margins were under pressure throughout the year due to increased competition. This mainly affected the human nutrition business. The commissioning of a new wheat mill in …

Unga Group Reports drop in FY19 Net Earnings, Cuts Dividend by half. Read More »

ARM Suspension extended for 9 Months – NSE.

Despite these emergencies, Oral Health in Montreal identified dental caries as the only most common chronic usage impairment. Transneuronal tracing efforts in patients and https://vgrsingapore.net/blog/factors-of-female-infertility/ sudden deaths prior to the patient of fetal disease have provided valuable information on rabies virus. Suspension of trading on Shares of cement company Athi River Mining Cement Plc has …

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Market Report 26-Sep-19

At the end of today’s trading session on the Nairobi Securities Exchange.[26-Sep-19] A total of 8,469,900 shares in 752 deals, corresponding to a market value of KES 273,311,824.00, were traded. 46 equities participated in trading, ending with 14 ✅gainers and 20 ?losers. HF Group Plc [HFCK] led the gainers with ✅4.19% share price appreciation, followed …

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Devki Mumias

Mumias Shares to remain suspended for 3 Months – NSE.

The Nairobi Securities Exchange has today issued an official statement indicating that Mumias Sugar Company shares have officially been suspended from trading at the Exchange for the next three months. Yesterday, trading in Mumias Shares was halted immediately the market opened as the exchange waited for an official directive from the Capital Markets Authority. The …

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Lawmakers reject blanket tax amnesty for new listings at the NSE.

Kenyan Lawmakers have rejected the amnesty taxproposal that had been issued by treasury as part of the finance bill 2019. The proposal which was drafted by NSE jointly with CMA would have seen companies which list at the NSE’s Gems segment receive an amnesty of any tax malpractices, penalties or interest accrued in the two …

Lawmakers reject blanket tax amnesty for new listings at the NSE. Read More »

Moody’s Downgrade Ethiopia’s investment outlook to negative.

Moody’s Investors Service (“Moody’s”) has affirmed Ethiopia’s B1 long-term issuer and senior unsecured ratings changing the outlook on the Government of Ethiopia to negative from stable on September 20, 2019. Moody’s Investors Service said in a statement that the decision to change the outlook was based on negative rising fiscal and external risks related to …

Moody’s Downgrade Ethiopia’s investment outlook to negative. Read More »

ARM Woes Far from Over.

Shareholders of troubled Cement Maker Athi River Mining Company will have to wait longer to know the fate of the company as Businessman Jaswant Rai heads back to court on Monday. Directors and majority shareholders of the now suspended NSE listed firm had accused the Administrator PwC of undervaluing the firm’s assets and accepting a …

ARM Woes Far from Over. Read More »

Former CBK Governor urges greater mobile money connectivity

The study, carried out by former Central Bank of Kenya (CBK) governor Njuguna Ndung’u shows that Safaricom’s control of a large proportion of the mobile money market gives it incentive to restrict access to competitors. Prof Ndung’u, during whose reign as CBK boss Safaricom’s M-Pesa money transfer services were licensed and launched, said the cost …

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