Investor Watch

NSE

Market Report; 07 April, 2021

At the end of today’s trading session on the Nairobi Securities Exchange. A total of 25,224,000 shares in 1,155 deals, corresponding to a market value of KES 883,628,827.00, were traded. Compared with the previous NSE trading day (Tuesday, April 6), today’s data shows 275% improvement in volume, 255% improvement in turnover, and 16% improvement in …

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Asian Markets

Asian Markets Mixed as RBA Maintains Policy Settings.

Shares in Asia-Pacific were mixed on Tuesday, after major indexes on Wall Street surged to record closing highs overnight stateside. The Nikkei 225 in Japan slipped 1.3% to close at 29,696.63 while the Topix index dropped 1.47% to finish its trading day at 1,954.34. South Korea’s Kospi closed 0.2% higher at 3,127.08. Major stock indexes in mainland Chinese stocks were lower …

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NSE Nairobi Securities Exchange STOCK MARKET

Market Report; 25 March, 2021

At the end of today’s trading session on the Nairobi Securities Exchange. A total of 13,353,900 shares in 948 deals, corresponding to a market value of KES 412,969,899.00, were traded. Compared with the previous NSE trading day (Wednesday, March 24), today’s data shows 24% decline in volume, 34% decline in turnover, and 10% decline in …

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WPP Scangroup CEO

Bharat Thakrar Resigns as WPP Scangroup CEO

WPP Scangroup’s founder and long-serving chief executive, Bharat Thakrar, has resigned from his position as company’s chief executive officer. Mr Bharat Thakrar and his Chief Finance Officer Satyabrata Das were last month suspended by the board, from the marketing services firm over unspecified allegations of gross misconduct to allow for investigations. “The company announces that …

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Asian Markets

Asian Markets Rally as U.S Fed Indicate no Interest Rate Hike

Asia-Pacific markets broadly advanced Thursday as investors cheered after the U.S. Federal Reserve’s policymaking committee overnight voted to keep short-term borrowing rates near zero in a widely expected move. The Nikkei 225 in Japan rose 1.01% to 30,216.75, while the Topix index added 1.23% to 2,008.51. South Korea’s Kospi climbed 0.61% to 3,066.01, and the …

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NSE

Market Report; 17 March, 2021

At the end of today’s trading session on the Nairobi Securities Exchange A total of 8,686,700 shares in 772 deals, corresponding to a market value of KES 103,718,301.00, were traded. Compared with the previous NSE trading day (Tuesday, March 16), today’s data shows 52% decline in volume, 85% decline in turnover, and 18% decline in …

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NSE Nairobi Securities Exchange STOCK MARKET

Market Report; 10 March 2021

The derivatives market of the NSE recorded a decline in activity during today’s trading session, with 29 single stock futures contracts valued at Kes 816,150 concluded.

NSE

Market Report; 09 March, 2021

At the end of today’s trading session on the Nairobi Securities Exchange. A total of 18,277,600 shares in 1,026 deals, corresponding to a market value of KES 504,255,855.00, were traded. Compared with the previous NSE trading day (Monday, March 8), today’s data shows 14% improvement in volume, 9% decline in turnover, but 8% improvement in …

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Asia Markets Traders

Asian Markets Mostly Mixed, NIkkei Drops 0.72% to close at 30,017.92

Stocks in Asia-Pacific were mixed on Friday following overnight declines for the major indexes on Wall Street. In Japan, the NIkkei 225 declined 0.72% to close at 30,017.92 while the Topix index shed 0.67% to finish its trading day at 1,928.95. Japan’s core consumer prices declined 0.6% in January as compared with a year earlier, according to …

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Wall Street

Dow Jones Touches New High, Investors Optimistic on Stimulus

The Dow Jones Industrial Average notched a record closing high, joining a global march propelling stock indexes to record highs on Tuesday, as investors bet that COVID-19 vaccinations and U.S. stimulus will deliver a durable economic recovery after a year of lockdowns. Bitcoin added to the bullish mood, briefly climbing above $50,000 for the first …

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asia

Asian Markets Close Higher; Nikkei 225 Closes Past 30,000 for the First Time in 30 Years

Asian stock markets closed higher on Monday following the record closing highs on Wall Street on Friday and as a slowdown in the rate of coronavirus infections and rollouts of Covid-19 vaccine worldwide boosted optimism about the global economic recovery. Markets in China, Taiwan and Hong Kong remained closed for the Lunar New Year holidays. …

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Bumble IPO

Wall Street Hits Record on Weekly Gains, Bumble Gains 7.3% after Stellar Debut

The S&P 500 and Nasdaq set record closing highs on Friday as investors bought Bumble stock, a day after IPO, the energy, financial and materials shares and sold big tech stocks in anticipation of new fiscal aid from Washington to help the U.S. economy recover. The major indices traded in a tight range during the …

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Wall Street

Wall Street Touches New Record-Highs as Stimulus Plans and Vaccine Raises Confidence

Wall Street reached all-time closing highs on Monday as investor optimism was stoked by prospects of a speedier economic recovery from the global health crisis, driven by increased stimulus and an accelerated vaccine rollout. All three major U.S. stock indexes gained ground, with the S&P 500 and the Dow posting their sixth consecutive gains, their …

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Asia Stock Markets

Asian Markets Gain, Despite concerns on Beijing COVID-19 Restrictions

Stocks in Asia-Pacific were mostly higher on Monday, as investors monitored shares of China’s tech giants following the release of new anti-monopoly guidelines over the weekend. Chinese tech shares were mixed as concerns that Beijing was tightening restrictions on the country’s tech giants weighed. By the Monday market close in Hong Kong, shares of Chinese …

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Asian Markets Shenzhen

Asian Markets Trade Lower as Data Shows China Service Industry Dropped Sharply in January

Stocks in Asia-Pacific were mixed on Wednesday as a private survey showed China’s services sector activity growth slowing sharply in January. Mainland Chinese stocks declined on the day, with the Shanghai composite down 0.46% to 3,517.31 while the Shenzhen component slipped 0.668% to 15,233.15. Hong Kong’s Hang Seng index nudged 0.2% higher to close at 29,307.46. The Caixin/Markit services Purchasing Managers’ Index …

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BOC Gases

Carbacid Plc Shareholders Approve 100% Acquisition of BOC Kenya Plc

Carbacid Investments Plc’s (CIL) shareholders have approved the acquisition of up to 100 percent of the shareholding of BOC Kenya Plc (BOC) pursuant to the offer that was announced in November 2020. The proposal was voted upon and approved at Carbacid’s 49th annual general meeting of the shareholders. On 25th November  2020, CIL and Aksaya …

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Oil

Oil Prices Gain for the First Time in a Week as U.S Crude Stockpile Drops

Oil prices climbed on Wednesday after industry data showed U.S. crude stockpiles fell unexpectedly last week and China, the world’s second-biggest oil user, reported its lowest daily rise in Covid-19 cases, bolstering hopes of a pick-up in demand. Brent crude futures climbed 19 cents, or 0.3%, to $56.10 a barrel at 0452 GMT, adding to a small gain …

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Oil Prices WTI

Oil Prices Drop Further as Rising Covid-19 Numbers Hit Demand

Oil prices eased on Tuesday, giving up some of the previous session’s gains, as hopes for rapid approval of new U.S. economic stimulus faded while new coronavirus infections around the world mount up. Brent crude was down 15 cents at $55.73 by 0135 GMT, having risen nearly 1% on Monday. U.S. crude was also lower, dropping 5 cents to $52.72, …

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Bitcoin

Unknown Investors Transact $239 Million worth of Bitcoin, as BTC Tumbles to $31,000

Data obtained from Whale Alert, a crypto analytic tracker, revealed that an unknown BTC whale transferred 7,500 BTC worth $238,801,020 transferred from an unknown wallet to an unknown wallet. A growing number of powerful investors have recently been increasing their transactional volume in Bitcoin’s market, triggering the flagship crypto to trade $31,000 price level. Global …

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NSE

Market Report; 28 December,2020

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.

Equity Group CEO Dr James Mwangi

Equity Group Scoops Two Awards in African Banker Award 2020

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 …

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