Shares in Asia-Pacific mostly jumped on Tuesday, as stocks in c among the region’s major markets.
The Taiex in Taiwan surged 5.16% to close at 16,145.98. Those gains followed a nearly 3% drop on…
Oil prices climbed on Tuesday, extending gains from the previous day, as optimism over the reopening of the U.S. and European economies outweighed fears of slower fuel demand in Asia…
Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.7% to 1,035.93 tonnes on Monday.
During the week, the NSE also launched the unquoted securities market (USM) as it seeks to boost trading at the bourse amid COVID-19 squeeze.
On the global markets front, telecommunications and internet conglomerate SoftBank Group posted the highest-ever annual net profit for a Japanese company.
Wall Street closed higher in a broad rally, an upbeat conclusion to whipsaw week of buying and selling as signs of a rebounding economy squared off against mounting inflation jitters.
All…
Spot gold rose 0.6% to $1,837.25 per ounce by 1503 GMT, heading for second week of gains. U.S. gold futures climbed 0.7% to $1,836.10.
Oil prices fell on Friday after dropping about 3% a day earlier as coronavirus cases remained high in major oil consumer India and as a key fuel pipeline in the…
Shares of Singapore Airlines plunged 5.66% in Asian trading hours, while Cathay Pacific’s stock in Hong Kong edged 0.31% higher.
The pullback in Treasury yields helped gold to recoup some of the previous day’s losses on wall street, when rising bond yields dampened the allure of non-yielding bullion.
Wall Street suffered the biggest slump in at least 11 weeks on Wednesday and benchmark Treasury yields jumped after data showed consumer prices in April unexpectedly rose by the highest…
The spread between benchmark two- and 10-year Treasuries on wall street also widened slightly to 146 basis points, up more than 1 basis point from the previous day.
The Dow Jones Industrial Average hit a record high on Monday on wall street on hopes that interest rates would remain lower for longer, while the S&P 500 was subdued…
Three-month copper on the London Metal Exchange touched its all-time high level of $10,660.50 a tonne earlier in Monday’s early trading session.
Trading on the secondary bond market at the NSE posted a 18.6% rise in activity with Kes.20.5 billion worth of bonds traded against the Kes 17.29 billion worth of bonds…
Shares in Europe climbed on stronger-than-expected earnings results and growing confidence in a global economic recovery. In local currency terms, the pan-European STOXX Europe 600 Index ended the week 1.72%…
The CBK placed Chaterhouse bank limited under statutory management after it violated sections of the Banking Act relating to lending
For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.
Global payments giant, Visa, has partnered with Tala, a mobile lending service in emerging markets, with a particular focus in Kenya, to bring the USDC stablecoin to the underbanked population.
The companies…
The derivatives market of the NSE posted a decline in activity during today’s trading session, with 34 single stock futures contracts valued at Kes 1.05 million concluded.
In Asia, Chinese mainland shares were unable to hold on to earlier gains: The Shanghai composite closed down 0.65% at 3,418.87 while the Shenzhen component lost 1.95% to 13,933.81.
The Capital Markets Authority (CMA) has granted approval to Crown Paints Kenya Plc to undertake a rights issue to raise Kes 711,810,000 by issuing and listing 71,181,000 new ordinary shares…
Oil prices recovered after a 1% dip in the previous session, on buoyant economic data from China and the United States even as the surging pandemic in India capped prices.
Brent crude…
Spot gold was up 0.3% at $1,820.35 per ounce by 0524 GMT, after hitting its highest since Feb. 16 earlier in the session.
The Dow Jones Industrial Average rose 0.92% to end at 34,545.11 points, while the S&P 500 gained 0.82% to 4,201.58. The Nasdaq Composite climbed 0.37% to 13,632.84
Wall Street’s main indexes and the Dow hit a record high on Wednesday, as growth stocks bounced from a steep selloff in the previous session and a survey showed private…
The Nasdaq ended sharply lower on Tuesday as investors dumped mega-cap growth stocks to seek shelter in more defensive parts of the market, amid concerns on rising interest rate and…
Allianz, one of the world's leading insurers and asset managers has completed the acquisition of a 66% stake in Jubilee Holdings general insurance arm in Kenya for undisclosed amount making…
Octagon Africa has appointed Godwin Simba as its new Group Executive Director of Strategy and Product Development.
Previous positions held at Octagon Africa by Simba
Godwin Simba is a seasoned professional with…
Wall Street's benchmark indices, the S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in…
Gold prices ticked up on Monday, supported by a muted dollar ahead of a series of U.S. data, while auto-catalyst metal palladium held firm after surpassing $3,000 per ounce on…
Safaricom had Kes.1.9 billion worth transacted on the NSE, translating to a whooping 79.05% of the week’s total turnover on the Nairobi Securities Exchange.
Core eurozone bond yields trended higher compared to other global markets amid concerns that the U.S. Federal Reserve might consider tapering its bond purchasing program.
Wall Street ended lower on Friday, with Apple, Alphabet and other tech-related companies weighing on the S&P 500 and Nasdaq despite recent strong quarterly earnings reports.
A day after the S&P…
Wall Street's S&P 500 and Nasdaq indexes hit record levels on Thursday after stellar earnings from Apple and Facebook powered a rally in tech stocks, while upbeat economic data supported…
Boeing Co fell 2.9% on wall street after posting a wider-than-expected quarterly loss and pausing 737 MAX deliveries over an electrical issue that has partly re-grounded the fleet.
Tepid results from Tesla and 3M weighed on Wall Street on Tuesday, with the S&P 500 and Dow ending near flat as investors focused on wave of earnings reports from…
The S&P 500 and Nasdaq closed at record highs on Monday, fueled by Tesla Inc and other heavyweight growth stocks ahead of a deluge of earnings reports this week.
The Nasdaq's…
The NSE 20 share index shed 5.29 points or 0.28% while the NSE 25 share index was up by 0.13 points or 0.07% to close the week at 1,888.25and 3,635.87points…
Despite a brief global markets rally on Thursday, it was a disappointing week for Japanese equity markets—weighed down by weakness across all sectors as the government enhanced its response to…
Libya’s National Oil Corp (NOC) declared force majeure on Monday on exports from the port of Hariga and said it could extend the measure to other facilities due to a…
Stocks on Wall Street fell for a second straight day on Tuesday as a global spike in coronavirus cases hit travel-related shares and investors had second thoughts about big U.S.…
The Minimum Tax which is calculated at the rate of 1% of gross turnover was introduced by the National Treasury through the Finance Act which was assented to by the…
GameStop Corp jumped 6.3% on wall street after the announcement of its chief executive’s resignation while Harley-Davidson Inc jumped 9.7% after the motorcycle maker raised it full-year forecast for sales…
The International Finance Corporation (IFC), which is part of the World Bank, plans to invest up to $2 million (Kes215 million) in Antler East Africa, a venture capital firm based in…
Shares in Europe rose to follow other global markets on hopes of a strong recovery in the global economy and corporate earnings, despite a resurgence in coronavirus infections
The three main Wall Street Indices ended Friday higher for the day and week, with the S&P 500 and the Dow breaking closing records, as investors took strong economic data…
The S&P 500 scored its second closing high this week, and the Dow surpassed its previous peak on April 9. The Nasdaq Composite finished above 14,000 for the first time…
The Nasdaq Composite dropped 138.26 points, or 0.99%, to 13,857.84, weighed by technology-related stocks including Apple Inc, Microsoft Corp and Tesla Inc.
The suspension will allow for development of an Inter-County Physical and Land Use Development Plan to provide guidelines and standards for regulation of land use practices and general development within…
The S&P 500 posted 43 new 52-week highs and one new low; the Nasdaq Composite recorded 60 new highs and 81 new lows with Advancing issues outnumbering declining ones on…
Global markets hit record highs on Tuesday, supported by strong economic data from China and the US, while currency and bond markets paused for breath after a month of rapid…
Safaricom’s Chief Financial Services Officer, Sitoyo Lopokoiyit, has been appointed to lead Mpesa Africa, the most successful mobile money platform in the continent and the top fintech platform in the…
Analysts have raised expectations for first-quarter of Wall Street’s S&P 500 component earnings increase to 24.2%, according to Refinitiv IBES data as of April 1, versus 21% forecast on…
Asia-Pacific markets traded mostly up Wednesday but shares on the Chinese mainland and in Hong Kong lost ground.
Australia’s ASX 200 advanced 0.61% to 6,928, with all sectors closing higher. Major banking stocks…
The latest data from the Kenya Revenue Authority (KRA) has shown that revenue collection increased to Kes 144.6 Billion for the month or March, a Kes.6.6 billion from a collection…
The derivatives market of the NSE extended a further decline in Tuesday’s trading session, with 5 single stock futures contracts valued at Kes 393,100 million concluded.
Kenya's national carrier Kenya Airways PLC (KQ) has announced that it will be suspending all passenger flights between Kenya and the United Kingdom (UK) effective 9th April 2021 until further…
Oil has recovered from historic lows last year with the support of record OPEC+ cuts, most of which will remain after July. Demand is expected to recover further in the…
Global markets were moving this week, with the major highlights of the holiday shortened week being the global consumer confidence increasing to its highest level since the onset of the…
The Executive Board of the International Monetary Fund (IMF) approved 38-month arrangements under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) for Kenya in an amount equivalent…
Microsoft, Amazon, Alphabet and Nvidia jumped 2% or more, pushing wall street S&P 500 to highs with growth stocks showing signs of awakening after lagging in recent weeks.
The S&P 500 and Nasdaq rose on Wednesday, boosted by gains in technology shares, and the three major Wall Street indexes registered their fourth straight quarterly rise as investors positioned…
Stocks on Wall Street ended down slightly on Tuesday, with investors selling tech-related growth shares after U.S. Treasury yields hit a 14-month high.
At the same time, the S&P 500 financials,…
Shares of Morgan Stanley were down 2.5% on Wall Street after the Financial Times reported it had also sold billions of shares, while the banks index shed about 1.9%.
Global markets rose during the week all through to Friday while safe havens such as the dollar and U.S. Treasuries dipped as hopes for a global economic recovery overshadowed the…
The S&P 500 and Dow rose in a broad-based rally on Friday with technology, healthcare and financial stocks providing the biggest lift as investors bet on a recovery that is…
Diamond Trust Bank’s (DTB) net profit for the year that ended on 31st December 2020 dipped by 51% to Kes3.5 billion, from Kes7.3 billion in 2019. According to the lender,…
Oil prices reversed a sharp sell-off a day earlier to rise 1% on Friday on mounting fears that it could take weeks to dislodge a giant container ship blocking the…
An end-of-quarter rebalancing of investment portfolios by institutional investors added to another mostly seesaw session in which the major Wall Street indexes rose and fell amid the ongoing rotation from…
On Wall Street, the Dow Jones Industrial Average fell 3.09 points, or 0.01%, to 32,420.06. The S&P 500 lost 21.38 points, or 0.55%, to 3,889.14 and the Nasdaq Composite dropped…
The benchmark wall street’s S&P 500 and the blue-chip Dow have rallied about 80% from their pandemic lows of a year ago, while the tech-heavy Nasdaq more than doubled in…
Wall Street rallied as technology stocks rebounded. Tesla jumped after a fund run by an influential investor in the electric-car maker said its shares could approach $3,000 by 2025.
Major Global market indices continued their gaining streak this week, with some touching record highs early in the week, some of them however later lost ground as bond yields reached…
Wall Street ended sharply lower on Thursday, with the Nasdaq tumbling 3%, hit by rising Treasury yields and fresh worries about the coronavirus pandemic in Europe.
Losses in U.S. stocks accelerated…
In FY20, Safaricom paid Kes98 billion in duties and taxes, in addition to Kes 20 billion in dividends to the Government of Kenya. Over the same period, Safaricom sustained more…
Oil prices climbed on Wednesday as investors weighed a recovery in U.S. refinery activity as industry data showed U.S. crude stockpiles unexpectedly fell last week against concerns of rocky demand…
Henry Rithaa, CEO of Micro and Small Enterprises Authority, the organization wants to achieve 5 million jobs through various sectors. So the sector that Equity is supporting this facility will…
The S&P 500 and Dow Jones Industrial Average closed at a record highs on Monday, as investors eyed an economic recovery from the coronavirus and awaited cues from the Federal…
Oil prices rose Monday during Asian trading hours on the back of growing optimism around demand recovery. On the supply side, OPEC and its oil-producing allies this month said it would…
Liberty Holdings Plc was the week’s top gainer on the NSE, adding 19.06% in shareholder returns to close the week at Kes 9.62 per share from last week’s Kes 8.08.
Global markets touched new highs last week as optimism over the global economic recovery continued to fuel market rallies. A tame inflation report and a respite in the recent upward…
The Dow Jones Industrial Average rose 293.05 points, or 0.9%, to close at 32,778.64 and the S&P 500 gained 4 points, or 0.10%, to 3,943.34. The Nasdaq Composite dropped 78.81…
The derivatives market of the Nairobi Securities Exchange recorded a marginal rise in activity during today’s trading session, with 2 single stock future contract valued at Kes 79,000 concluded.
Brent crude prices eased on Friday but hovered near $70 a barrel as production cuts by major oil producers constrained supply, with optimism about a recovery in demand for the…
Asia-Pacific markets traded broadly higher Thursday, following a relatively strong finish on Wall Street overnight after U.S. lawmakers passed a $1.9 trillion coronavirus relief package.
The Nikkei 225 in Japan rose 0.6%, or 175.08…
Bitcoin, the world's largest cryptocurrency by market capitalization, has gained for a sixth straight day, extending its longest winning streak of the year and approaching the record high price reached…
Asia-Pacific markets traded mixed as stocks in Australia, Japan and South Korea struggled to hold onto earlier gains. Investors overnight returned to risky assets, confident that a massive U.S. stimulus package…
The Nigerian Stock Exchange’s demutualization plans brings this aspiration to a successful conclusion in a process that included the passage of the demutualization Act.
On Wall Street, the Dow hit a record intra-day high but the big tech stocks that have led Wall Street to scale successive peaks over the past year fell, with…
Global markets continued to trade on moved by central banks as investors looked to oversee the correlation between the stock market and interest rates, picking up from last week, with…
Wall Street's Nasdaq ended sharply lower on Wednesday after investors sold high-flying technology shares and pivoted to sectors viewed as more likely to benefit from an economic recovery on the…
Wall Street ended lower on Tuesday, pulled down by Apple and Tesla, while materials stocks climbed as investors waited for the U.S. Congress to approve another stimulus package.
Following strong gains…
Stocks in Asia-Pacific fell sharply on Friday following an overnight drop on Wall Street as a rapid rise in bond yields rattled investor sentiment.
In Japan, the Nikkei 225 led losses among the…
Kenya power net profit for the six months period that ended on December 31, 2020, decreased to Kes138 million from Kes692 million a year earlier.
S&P 500 growth index is nearly unchanged in February, sharply underperforming the value index, which has gained more than 7%
Stocks in Asia-Pacific largely jumped on Thursday after the Dow Jones Industrial Average surged to a record closing high overnight.
Gold prices edged lower on Thursday as higher U.S. Treasury yields dented the metal’s appeal
Shares on Wall Street ended higher on Wednesday, as a selloff in technology-related stocks eased and a rotation into cyclical shares continued.
Spot gold was up 0.1% at $1,807.51 per ounce. U.S. gold futures were steady at $1,805.60.