The derivatives market of the Nairobi Securities Exchange (NSE) posted a rise in turnover during Monday’s trading session, with 26 single stock futures contracts valued at Kes 820,005 concluded
Stocks in Asia-Pacific were mixed on Tuesday, with Hong Kong-listed shares of firms in the Chinese online gaming market plummeting after the activity was described as a type of “opium” by…
Crude oil prices reversed course after an early bounce on Tuesday, as concerns over coronavirus curbs combined with slowing factory activity in key markets weighed on sentiment.
Brent crude oil futures shed…
Wall street's benchmark, the S&P 500 Index, closed slightly lower on Monday after erasing early gains as worries about the Delta variant of the coronavirus and a slowing U.S. economy…
Market activity on the Nairobi Securities Exchange (NSE) extended a decline during the week as investors turned to the primary issue on the bond market. This came in during the…
Global markets were on the mixed this week. A slew of corporate earnings reports, economic data, a Fed meeting, and the regulatory-induced sell-off in Chinese equities made the last week…
Home Afrika Group reported a 62% decrease in Loss After Tax of Kes 340.3 Million for the period ended 31st December in 2020, down from a Net Loss of Kes…
Stocks on wall street fell on Friday and registered losses for the week as Amazon.com shares dropped after the company forecast lower sales growth, but the S&P 500 still notched…
US stocks and the dollar slipped on Wednesday in listless trade after the Federal Reserve gave no clue about when it might start reducing its purchases of government bonds, even…
U.S. stocks on wall street fell on Tuesday, ending a five-day winning streak in the three major indexes, as investors were cautious before results from top tech and internet names…
Activity on the Nairobi Securities Exchange (NSE) was fairly flat as investors focus remained on some of the top counters (blue-chip) for a second week running. Activity was flat as…
Global markets were mixed but mostly higher with most markets experiencing pullbacks, which have been infrequent and short-lived as strong economic growth, positive investor sentiment, and extreme amounts of Fed…
Stocks rallied to records on Wall Street Friday, and the Dow Jones Industrial Average closed above the 35,000 level for the first time, as the market continued to roar back…
A pull-back in economically sensitive cyclicals kept wall street benchmarks; the S&P 500’s and the blue-chip Dow’s gains muted, while small-caps underperformed their larger rivals.
Netflix Inc late Tuesday reported slowing subscriber growth, sending its shares down 3.3% on wall street, the second-largest percentage loser in the S&P 500.
Wall Street notched a comeback on Tuesday with all the major indexes closing higher, and yields on safe-haven U.S. Treasuries bouncing off lows as investors sought riskier assets even as…
Kapchorua Tea Kenya Plc was the week’s top gainer on the NSE, adding 25.6% in investor wealth to close the week at Kes 98.00 per share while Crown Paints Kenya…
Global Markets were mixed, majority of them loosing ground last week yet remain in a steady and mostly uninterrupted uptrend since the beginning of the year.
Wall Street ended lower on Friday, weighed down by declines in Amazon, Apple and other heavyweight technology stocks, while investors worried about a rise in coronavirus cases tied to the…
Wall Street's benchmark, the S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring…
Wall Street benchmark indices, the S&P 500 and Nasdaq, ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in…
Wall Street’s main indices closed at their highest levels ever on Monday, lifted by Tesla and bank stocks as investors eyed the start of the second-quarter earnings season and a…
The market capitalization of the Nairobi Securities Exchange (NSE) posted a 1% rise this week to Kes 2.73 Trillion from the Kes 2.70 Trillion recorded in the previous week. The market…
Global markets had to offer a bit of everything for investors, from labor market readings to Federal Reserve minutes to rising uncertainties around COVID variants and their implications for global…
The three major wall street indexes rallied to record closing highs on Friday as financials and other economically focused sectors rebounded from a selloff sparked by growth worries earlier in…
Shares in Asia-Pacific mostly declined on Thursday, as Chinese tech stocks in Hong Kong came under pressure after regulatory fears resurfaced.
In Thursday afternoon trade in Hong Kong, shares of Tencent dropped 3.74% while Alibaba declined…
Stocks on wall street ended higher on Wednesday and the S&P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not…
Shares in Asia-Pacific were mixed on Monday as Brent crude futures hovered around $76 while investors watched for developments from a meeting of OPEC and its allies.
Shares of Chinese tech…
Nairobi Business Ventures recorded a 44.48% gain during the week on the Nairobi Securities Exchange (NSE) to close the week at Kes.12.05 with shares worth Kes.4 million transacted
Shares in Europe were down slightly, a surprise on global markets but backed on worries that inflationary pressures, seen across major markets globally might bring forward interest rate increases.
Didi Global Inc jumped 16.0% during trading hours on wall street, on its second day of trading as a U.S.-listed company.
Wall Street’s S&P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.
TPS Eastern Africa, the owner of Serena Hotels plans to issue 200 million new ordinary shares through a rights issue after its shareholders passed a special resolution during the company’s Annual General…
Google has rolled out three programs worth Kes. 642 million ($6 million) which are expected to support women and young entrepreneurs and innovators in at least 13 African countries.
Under the…
Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq.
The Nairobi Business Ventures was the week’s top gainer on the Nairobi Securities Exhcange (NSE) adding 22.65% in investor wealth to close the week at Kes 8.34 per share.
Banxico, Mexico’s central bank, surprised global market observers by raising its key lending rate by a quarter percentage point to 4.25%.
Aden Duale, now wants the CMA to disclose the total number of unregulated capital market products in the country including the number of invested persons and the role of the…
Benchmark Wall Street indexes, the Nasdaq and the S&P 500 indexes closed at record highs on Thursday, with the Dow also jumping almost 1% after U.S. President Joe Biden embraced…
The Nasdaq hovered near its all-time high on Wednesday, helped by a boost from Tesla shares, with investors cheering data that showed a record peak for U.S. factory activity in…
Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.
Led by the tech-heavy Nasdaq…
Wall Street rallied on Monday, with the Dow completing its strongest session in over three months as investors piled back in to energy and other sectors expected to outperform as…
The US dollar gathering strength mid last week pushed gold to extended its slide and lost nearly 5 percent in a two-day span to touch its lowest level in six…
Backed by stability in various stock prices, the market capitalization of the Nairobi Securities Exchange (NSE) was flat this week to Kes 2.684 Trillion from the Kes 2.683 Trillion recorded…
Global markets were on the low as a surprisingly hawkish outcome from the Federal Reserve’s June 15–16 policy meeting and late-week comments from a Fed official about potentially earlier-than-expected rate…
Stocks on Wall Street ended sharply lower on Friday, with the Dow and S&P 500 posting their worst weekly performances in months, after comments from Federal Reserve official James Bullard…
Technology shares on wall street jumped on Thursday on optimism around a speedy economic recovery, although the Federal Reserve’s unexpectedly hawkish message on monetary policy kept the S&P 500 subdued.
Five…
The Capital Markets Authority wrote to Cytonn Asset Managers that should the company’s Unit Trust fail to secure a new trustee on or before December 31, 2019, CMA will suspend…
The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in…
The Board of Kenswitch Kenya Limited has appointed Ms. Karimi Ithau as Managing Director as the company rolls out its new market direction.
Ms. Karimi Ithau is a seasoned professional with…
Oil prices rose on Wednesday, with Brent gaining for a fifth consecutive session, as falling stockpiles and a recovery in demand encouraged investors.
Brent crude was up 69 cents, or 0.9%,…
Kenya has appointed Citi and JP Morgan as joint book-runners for a dollar-denominated sovereign bond issue, and I&M Bank and NCBA Group as co-managers.
Meetings with investors have already started over…
Wall Street took a step back on Tuesday, with all three major indices dropping after two posted record highs on Monday. U.S. Treasuries held steady, as did the U.S. dollar,…
The S&P 500 and the Dow eased on Monday on Wall Street, a day after the S&P 500 hit a record closing high, as investors awaited cues from the Federal…
Shares in Asia-Pacific were mixed in Monday trade, with multiple major markets in the region closed for holidays.
The Nikkei 225 in Japan rose 0.74% to close at 29,161.80 while the Topix index…
Market activity on the Nairobi Securities Exchange (NSE) rose during the week, boosted by the sale of shares on the banking sector and also sustained activity on the Safaricom Plc.…
Global markets were mixed during the week as investors reacted to various economic data from both the U.S Consumer price index and also various economic data from china and from…
Stocks on wall street closed modestly higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and…
Shareholders of listed infrastructure firm Transcentury Plc have approved a rights issue, primarily aimed at the company raising capital for the operations of the company.
The news of the rights issue…
Williamson Tea, one of the oldest tea companies in Kenya, has issued a profit warning for the financial year that ended on 31st March 2021. In a public statement, the…
The Kenyan economy is expected to rebound to 6.6 percent in 2021 reinforced by the prevailing stable macroeconomic environment and the ongoing implementation of the strategic priorities of the Government under…
Wall Street's benchmark, the S&P 500 hit a record intraday high on wall street on Thursday as investors juggled signs of a swift economic recovery with concerns over the Federal…
Kenya's largest mobile telecommunications operator Safaricom Plc, has officially launched the E-Sim service. Safaricom becomes the second telco after Jamii Telecommunications Limited (JTL) introduced the service to the Faiba network…
Wall Street ended a see-saw session lower on Wednesday as market participants awaited inflation data for clues as to when the U.S. Federal Reserve might tighten its dovish monetary policy.
The…
Kenya's Budget and Appropriations Committee of the National Assembly is proposing an upward review of the debt ceiling to enable implementation of this year’s budget.
Committee Chair Kanini Kega says by…
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures rising 0.44% to $72.54 per barrel. U.S. crude futures gained 0.47% to $70.38 per barrel.
Shelter Afrique, a pan-African housing development financier, has signed a Ksh. 1,186,900,000 ($11 million) housing deal with the African Banking Corporation (BancABC) in Harare, Zimbabwe.
According Shelter Afrique Group Managing Director Andrew Chimphondah…
Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders fueled the ongoing…
Wall Street's benchmark, the S&P 500 ended a languid session slightly in the red on Monday, with investors standing by on news of a global minimum corporate tax rate, lingering…
In Australia, the S&P/ASX 200 shed 0.19% to close at 7,281.90 while the MSCI’s broadest index of Asia-Pacific stocks outside Japan traded around 0.1% lower.
Nation Media Group [NMG] was the week’s top gainer on the Nairobi Securities Exchange ( NSE), adding 31.01% in share price appreciation to close the week at Kes 22.60 per…
Global markets experienced a lift during the week buoyed by the United State's May employment report which showed job growth was improving, but not as quickly as anticipated by analysts.…
Devki Group has announced its withdrawal from the race to invest in troubled Mumias Sugar Company, barely two weeks after it expressed interest in the company.
According to Devki Group Chairman Dr Narendra…
Shares in Asia-Pacific were mixed on Friday, as the Reserve Bank of India held steady on interest rates.
Hong Kong’s Hang Seng index closed 0.17% lower at 28,918.10. In mainland China, the Shanghai composite rose…
Oil prices eased on Friday as concerns about the patchy roll-out of COVID-19 vaccinations around the globe tempered optimism over recovering fuel demand.
Brent crude was down 13 cents, or 0.2%, at…
Wall Street's main indexes posted slim gains on Wednesday ahead of key U.S. economic data due later in the week as investors weighed inflation concerns and a fresh surge in…
Wall Street indices, the S&P 500 and the Dow rose on Tuesday, with the benchmark S&P 500 within 0.5% of its record high as investors cheered signs of an improving…
Shares in Asia-Pacific were mixed on Monday, as investors reacted to the release of China’s official manufacturing Purchasing Managers’ Index for May.
Mainland Chinese stocks closed higher, with the Shanghai composite rising 0.41%…
East African Cables Plc was the week’s top looser on the NSE, continuing a shedding streak, was down 11.85% at Kes 1.19 per share from the Kes 1.35 the counter…
Kenya Railways Corporation (KRC) will begin providing hourly rides on its Diesel Multiple Units(DMUs) for Nairobi Commuters after receiving the second batch of six more trains from Spain.
According to Omudho…
Global markets traded fairly mixed this week as most markets as investors watched on various economic data from the United States with relation to Inflation and also data from China…
Allianz and Jubilee Holdings announced a 66% stake in the Jubilee General Insurance Company in Kenya to form Jubilee Allianz.
Stocks in Asia-Pacific mostly rose in Friday trade, as investors reacted to the market debut of JD Logistics in Hong Kong.
Shares of JD Logistics opened at 46.05 Hong Kong dollars…
Gold prices edged lower on Friday, as an uptick in the dollar and U.S. Treasury yields weighed on the safe-haven metal, while investors awaited crucial U.S. inflation data due later…
CBK’s foreign currency reserves remain adequate to provide 4.55 months of import cover and cushion the economy against short-term shocks in the foreign exchange market.
Robust economic data from the United States, the world’s largest economy and oil consumer, also buoyed risk appetite by investors.
Wall Street Investors have been closely watching economic data and comments from Federal Reserve officials for signs of runaway inflation and the possibility the central bank may begin to pull…
Shares in Asia-Pacific were mixed on Thursday as investors reacted to the release of Chinese industrial profits data for April.
Hong Kong’s Hang Seng index dipped 0.18% to close at 29,113.20. Shares of Xiaomi in…
TPS Eastern Africa, the company that owns and operates Serena Hotels, has reported a net loss of Kes1.2 billion for the year 2020, its biggest loss ever, after a tough operating…
Stocks on wall street closed out Wednesday’s session with modest gains as recent comments from Federal Reserve officials helped tamp down concerns about runaway inflation and kept bond yields in…
Equity Group Holdings Plc has returned strong quarter one results in a challenging environment amidst the multi-faceted Covid-19 crisis of health, economic disruption, and humanitarian challenges, giving hope of resilience…
Gold prices held firm near a 4-1/2-month high on Wednesday as a drop in U.S. Treasury yields and a weaker dollar supported the safe-haven metal.
Spot gold was steady at $1,899.11…
Stocks on wall street closed slightly lower on Tuesday, and each of Wall Street's main indexes failed to stray far from the unchanged mark following a rally in the prior…
The derivatives market of the NSE posted a decline in activity during today’s trading session, with 26 single stock futures contracts valued at Kes 897,800 concluded
Shares in Asia-Pacific rose on Tuesday, as investors watched tech shares following overnight gains in the sector stateside.
Mainland Chinese stocks led gains regionally, with the Shanghai composite rising 2.4% on the day…
The Capital Markets Authority (CMA) has admitted KOA Save Africa Limited and Moneto Ventures Limited to the Regulatory Sandbox paving way for the two firms to test their innovations in…
After falling as much as 4.3% from its May 7 record intraday high, wall street’s benchmark S&P 500 is now less than 1% off that level as investors begun to…
At the end of the first weekday of trading on the Nairobi Securities Exchange this week.
A total of 15,587,300 shares in 1,055 deals, corresponding to a market value of KES…
Asia-Pacific markets traded mostly higher Monday but investors remained cautious over a resurgence in Covid-19 cases in some parts of the region as well as potential inflation pressures in the…
Gold prices climbed on Monday to hover near a 4.5-month high, supported by a weaker U.S. dollar and growing inflationary pressure, while a slide in cryptocurrencies further lifted the safe-haven…