U.S.-listed shares of iQIYI Inc fell 1.7% after Reuters reported Alibaba Group Holding Ltd and Tencent Holdings Ltd had put on hold talks to buy a controlling stake in the…
There were no contracts concluded during today’s trading session on the derivatives market of the NSE.
The dim performance is attributed to an increase in loan loss provisions which surged by 76% in what the lender says is sufficient to cover future potential credit losses.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.915 following its decline earlier this week from levels above 92.4.
The Group has not received any dividends from portfolio companies where the Group holds minority stakes in the six-month period ending 30 September 2020 as these portfolio companies have elected…
Manufacturing sector recorded a 7.8% growth in loan uptake, transport and communications at 21.1%, real estate 7.6%, and consumer durables at 15.7%.
German Chancellor Angela Merkel told parliament that lockdown measures will be in place until at least the end of December and possibly longer.
There were no contracts concluded during today’s trading session on the derivatives market of the NSE.
Following that announcement, the Korean won traded at 1,104.90 per dollar, as compared to an earlier low of 1,107.30 against the greenback.
With KCB’s existing presence in these markets and strong banking capabilities in East Africa, the merged banks in each market can build on the significant progress made in recent years…
Tesla Inc, which surpassed $500 billion in market capitalization on Tuesday, extended its gain by 3.4% even after the electric-car maker recalled about 9,500 vehicles.
There were three Safaricom single stock futures contracts expiring on 17th December valued at Kes 95,340 concluded on the derivatives market of the Nairobi Securities Exchange.
Under the Inuka SME Program, over 4,000 MSMEs have interacted with the training. The partnership will provide a hybrid targeted approach to advance the green finance agenda in Kenya.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.96 after seeing levels above 92.4 earlier in the week.
As of 30th June 2019, KenGen had an installed capacity of 1,631.1MW out of which 85% was generated through green sources, mainly geothermal, wind, and solar with the balance coming from…
Boeing Co gained after European regulators gave draft approval to its 737 MAX jets, paving the way for a formal flight clearance in January.
There were no contracts concluded during today’s trading session on the derivatives market of the NSE.
The government is doing a financial evaluation of as many as nine state companies, including Kenya Airways Plc, Kenya Power and Kenya Electricity Generating Co.
Investors continued to monitor positive momentum surrounding the race for a coronavirus vaccine. AstraZeneca said Monday interim analysis showed its coronavirus vaccine has an average efficacy of 70% in protecting…
Cyclicals led gains, with energy ahead by 7.09% while industrials and financials each rose more than 1%, as data showed monthly business activity expanded at the fastest rate in more…
The bonds market posted a moderate decline in turnover during today’s trading session, with bonds worth Kes 2.20 billion transacted in 58 deals against the Kes 2.44 billion worth of…
Kenyans abroad sent home a record Kes. 28.4 billion ($263.1 million) in October this year, a 17.3% increase compared to the same period last year when inflows for the month…
Oil prices were higher in the afternoon of Asia trading hours, as international benchmark Brent crude futures rose 1.27% to $45.53 per barrel. U.S. crude futures added 1.08% to $42.88…
The secondary trading on the bond market saw a growth in activity with bonds, posting a 31.5% rise in turnover with bonds valued at Kes.12.5 billion billion traded against the…
The South African Reserve Bank (Sarb) left the repurchase rate (repo rate) unchanged at 3.5 percent as inflation is expected to remain contained in the medium term.
In addition to receiving seed funding prizes and post-competition mentoring, AgriPitch winners will be invited to the AYAF online DealRoom, which connects expansion-ready, youth-led African businesses with global investors.
Stay-at-home beneficiary Zoom Video Communications Inc provided the biggest lift to the Nasdaq.
The bonds market posted a rise in turnover during today’s trading session, with bonds worth Kes 2.44 billion transacted in 58 deals against the 1.06 billion worth of bonds transacted…
The dollar index, which measures the U.S. dollar against a basket of its peers, last traded at 92.213, declining from an earlier high of 92.346. The index retreated from levels…
The firm is expected to transform NBV into a manufacturer of cement and other industrial products switching it from a leather products retail chain.
The slow recruitment process has however been evident at the capital markets regulator with Paul Muthaura having also served first as CEO on a lengthy interim capacity.
The S&P 500 posted seven new 52-week highs and no new lows; the Nasdaq Composite recorded 87 new highs and 10 new lows.
At the end of today's trading session on the Nairobi Securities Exchange (NSE).
A total of 13,459,900 shares in 715 deals, corresponding to a market value of KES 435,396,249.00, were traded.
Compared…
Cooperative Bank booked a 905 increase in loan loss provision from Kes. 2.1 billion in 2019 to Kes. 4 billion.
ABSA has painted a level of uncertainty in its outlook relating to the COVID-19 pandemic where it has highlighted that it is high and unprecedented, and its impact on markets and…
The lobby group also proposes that millers and marketing agents shall be appointed by members of a coffee factory during an annual general meeting held before the start of the…
The S&P 500 posted 30 new 52-week highs and no new lows; the Nasdaq Composite recorded 142 new highs and nine new lows.
The derivatives market of the Nairobi Securities Exchange had no contracts concluded in today’s trading session.
The Japanese yen strengthened further in the afternoon, last trading at 103.85 per dollar, as compared to levels above 104.5 earlier. The Australian dollar was at $0.7308 against the dollar, firming from earlier levels.
That said, another valid reason we believe the flagship crypto valuation might certainly rise is the high global quantitative easing program which will in a matter of time propel Bitcoin…
Budget deficit in the three months that ended in September grew to Kes. 131.7 billion compared to Kes. 123.5 billion during the same period in 2019, a 6.7% year-on-year increase.
Amazon.com Inc launched an online pharmacy in the United States, sending shares of rival drug retailers such as Walgreens Boots Alliance Inc CVS Health Corp plunging.
The derivatives market of the Nairobi Securities Exchange had no contracts concluded in today’s trading session.
In October, news surfaced that Airbnb would list its shares on the Nasdaq, likely making it that market’s largest listing since Facebook’s $16 billion IPO in 2012, according to a published report.
The Japanese yen traded at 104.52 against the greenback, a touch firmer as compared to Monday. The Australian dollar was at 0.7303 against the dollar, strengthening from the 0.72 mark yesterday.
Simon Property Group Inc shares jumped after the biggest U.S. mall operator cut its purchase price for an 80% stake of rival Taubman Centers Inc , as the pandemic pressures…
The derivatives market of the Nairobi Securities Exchange had no contracts concluded in today’s trading sessio
Other firms suspended at the exchange for a variety of reasons, include Deacons, Athi River Mining, Kenya Airways, National Bank of Kenya and Mumias Sugar Company.
Hong Kong’s Hang Seng index rose 0.58% in the afternoon. Casino and finance stocks listed in the city were going strong. Standard Chartered was up 4.80%, while HSBC bounced 3.49%.
An Etihad spokesperson said as the airline continues ‘to focus on recovery and rebuilding its global network, it will continue to rely on the efficiencies and advantages of its twin…
KTDA-managed factories continue to work on improving operational efficiencies to reduce production costs through a number of initiatives.
The Derivatives Market of the Nairobi Securities Exchange closed the week higher, with a total of 20 contracts valued at Kes.655,000 concluded as compared to the 17 contracts valued at…
In what surely qualifies as some of the more encouraging news of the year, the announcement that a Pfizer vaccine showed promising trial results powered markets higher last week.
Libyan output rose and investors worried the resurgent pandemic could hurt global demand.
The derivatives market of the Nairobi Securities Exchange had 5 Safaricom single stock future’s contract valued at Kes 150,000 concluded during Friday’s trading session.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 92.914 following its rise this week from levels below 92.8.
It reported a Sh8.56 billion half-year loss for the period ended June 30,2019, double the Sh4.03 billion posted in a similar period previous year.
Crude oil prices reversed early gains, snapping a three-day rally on growing doubts over a near-term demand recovery and an unexpected rise in U.S. stockpiles.
In Japan, Softbank Group shares jumped 1.49%. Game maker Nintendo also surged 4.3%. Over in South Korea, Kakao’s stock gained 0.56%.
Shareholders’ equity grew 12% from KShs. 121.2 billion to KShs. 135.9.1 billion. This was driven by the growth in earnings over the 12-month period to September 2020.
Gold prices slid, hurt by a stronger dollar and increased risk appetite which drew investors away from the safe-haven metal
The derivatives market of the NSE posted an exponential rise in activity with 11 contracts valued at Kes 375,720 concluded. This was against the 1 contract valued at Kes 34,570…
According to Statista, airlines worldwide have received government aid amounting to $161.9 billion as of September 2020.
Best solutions stand a chance to walk away with between Kshs. 1 million and Kshs. 4 million in the final slated for 17th November.
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 2.45% to $44.68 per barrel. U.S. crude futures added 2.59% to $42.43…
Gold regained some ground lost in Monday’s plunge expectations of fiscal and monetary stimulus offered support to the safe-haven metal.
The bonds market posted a decline in turnover during today’s trading session, with bonds worth Kes 1.53 billion transacted in 37 deals against the 1.18 billion worth of bonds transacted…
Asian Markets Soar; Led by Airline Stocks as Investors React to Positive News on Coronavirus Vaccine
The Japanese yen traded at 105 per dollar after weakening sharply from levels below 104.3 against the greenback yesterday. The Australian dollar changed hands at $0.7288 following its rise last week from levels below…
Pfizer shares closed sharply higher after soaring as much as 15.4% during the session. But another drugmaker Biogen Inc slumped as a panel of experts to the U.S. health regulator…
At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE).
A total of 5,429,800 shares in 663 deals, corresponding to a market value of KES 94,408,483.00,…
Former U.S. vice president Biden won following his projected win in the states of Pennsylvania as well as Nevada, according to NBC News projections on Saturday. Still, Trump is refusing…
Ndegwa indicates the company remains in discussion with the Central Bank of Kenya (CBK) on the review of free cash transfers below Kes.1000 beyond December 312.
Stocks in Brazil, as measured by the Bovespa Index, returned about 7.4%.
US stocks hovered near unchanged on Friday to close out with a big weekly gain as Democratic challenger Joe Biden edged closer to victory in the presidential election, while the…
At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE) this week.
a total of 15,298,200 shares in 660 deals, corresponding to a market value of…
Earlier this month BOM proposed investing more than half of the country’s estimated lifetime revenue of $96 billion from the LNG field in a sovereign wealth fund that would be…
The Japanese yen traded at 103.46 per dollar, having strengthened from levels above 104.4 against the greenback this week.
EBKL is a subsidiary of Equity Group Holdings Plc and holds the lion share of the Group’s business contributing to over 80% of the profitability.
The tech-heavy Nasdaq, packed with “stay-at-home” corporate winners under this year’s was within striking distance of its Sept. 2 record closing high.
The bonds market posted a decline in turnover during today’s trading session, with bonds worth Kes 1.26 billion transacted in 41 deals against the 1.19 billion worth of bonds transacted…
Other Safaricom prefixes include 070X, 071X, 072X, 0740-43, 0745-46, 0748, 0757-59, 0768-69 and 079X.
Oil prices were lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 1.7% to $40.53 per barrel. U.S. crude futures also slipped 1.71% to…
Until his appointment, Gen. Mwathethe was heading the Oceans and Blue Economy Office.
The CBOE volatility index , a gauge for short-term volatility, hit a two-week low after spiking to a four-month high in the run-up to the election.
The current provisional trade data up to August 2020 shows Kenya’s exports were valued at 34.9 billion shillings while imports are valued at kes 18.9 billion with a trade balance…
The Japanese yen, often seen as a safe-haven currency, traded at 104.94 per dollar after seeing an earlier high of 104.35 against the greenback.
Safaricom Plc recorded the highest volume of 15.6 million traded shares valued at Kes 490.22 million
KNBS through a statement said that Obudho has vast experience in conducting population and housing censuses including the first ever Kenyan digital census that was conducted in 2019.
Volume on U.S. exchanges was 9.01 billion shares, compared with the 9.1 billion average for the full session over the last 20 trading days.
The Derivatives Market had 1 Safaricom single stock futures contracts valued at Kes 31,050 concluded during today’s trading session.
An estimated 3 million Kenyans who live abroad sent home Kes 280 billion in last year.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 94.114 after rising from levels below 93 late in October.
Dr Kimani will be a valuable addition to the Kakuzi Board. He knows Kakuzi well having grown up on the farm. He has an impressive and well-respected track record in…
The airline had deployed a Boeing 787 Dreamliner jet with a capacity of 234 seats for daily flight to New York.
The Derivatives Market closed the week with a total of 7 contracts valued at Kes.239,000 this was a rise in number of contracts concluded but a decline in turnover as…
The Dow Jones Industrial Average fell 157.51 points, or 0.59%, to 26,501.6. The S&P 500 lost 40.15 points, or 1.21%, to 3,269.96 and the Nasdaq Composite dropped 274.00 points, or…
However, the reductions were not big enough to offset price increases of other sampled items.
There were no contracts concluded during today’s trading session on derivatives market of the NSE.
The firm is also scheduled to meet Electronics suppliers, Clothing, labour union representatives and labour outsourcing firms the following week.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.793 after rising from levels below 93.5 this week.