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.
U.S. crude futures were down 0.81% at $61.17 a barrel on Wednesday during Asian trading hours, global benchmark Brent lost 0.47% to $65.06.
Wall Street reversed course late Tuesday, with the S&P 500 and the Dow whipsawing to positive territory by the closing bell
Shares in Asia-Pacific were mixed on Tuesday, as investors monitored technology stocks regionally after their counterparts declined on Wall Street overnight.
Mainland Chinese stocks were lower by the close. The Shanghai composite was…
Goldman Sachs Commodities Research raised its Brent crude oil price forecasts by $10 for the second and third quarters of 2021.
Bitcoin has seen a staggering price rally, rising from $10,000 to nearly $60,000, with just one bull market correction in the second half of January.
In Asia, China kept the one-year loan prime rate (LPR) unchanged at 3.85%, largely in line with expectations of traders and analysts
Bitcoin has made steady stream of new highs for months, with this being the highest ever to a record $58,354, taking its weekly gain to around 20%.
Global stocks set new highs again this week with a myriad of factors grabbing a piece of the spotlight, including Congressional hearings aimed at deciphering the recent GameStop trading frenzy.
Stocks on Wall Street closed near break-even on Friday as investors sold technology shares that have rallied through the pandemic and rotated into cyclical stocks set to benefit from pent-up…
Oil prices slid as much as 2% in early trade on Friday, adding to overnight declines, on worries that refineries shut by a big freeze in the U.S. South will…
On wall Street, of the 11 major S&P 500 sectors, only utilities and consumer discretionary rose, while real estate barely fell, off 0.02%.
Stocks in Asia-Pacific were lower on Thursday, as mainland Chinese markets returned to trade after a long Lunar New Year break.
By the Thursday market close on the mainland, the Shanghai composite rose…
Oil prices rose as much as a dollar on Thursday, extending this week’s gains and hitting 13-month highs, as a cold snap sweeping Texas and surrounding regions shut at least…
Technology shares led losses on the S&P 500 and Nasdaq. Apple Inc, PayPal Holdings Inc and Nvidia Corp weighed most on both indexes.
Stocks in Asia-Pacific were mixed on Wednesday as investors monitored bond yields following a recent rise.
In Japan, the Nikkei 225 slipped 0.58% on the day to 30,292.19 while the Topix index shed…
Bullish oil prices marked time on Wednesday, as support from supply disruptions in the U.S. south caused by an Arctic blast was offset by expectations that OPEC+ producers may ease…
Asian shares advanced on Tuesday, lifted by the economic recovery, vaccine rollouts and signs that new coronavirus cases may be abating as mainland China remain closed for the Lunar New…
Oil prices rose on Tuesday as a cold front shut wells and refineries in Texas, the biggest crude producing state in the United States, the world’s biggest oil producer.
Prices also…
Oil prices rose to their highest in more than a year on Monday, after a Saudi-led coalition fighting in Yemen said it intercepted an explosive-laden drone fired by the Iran-aligned…
Gold eased on Monday after U.S. Treasury yields jumped to their highest in nearly 11 months in the previous session, with platinum scaling a six-year peak on expectations of a…
Global Markets finished modestly positive for the week on strong earnings growth and the increasing likelihood of additional fiscal stimulus.
The Nasdaq and S&P 500 eked out modest gains on Wall Street during Thursday's session with investors betting on more fiscal stimulus, but U.S. President Joe Biden said China was…
Trading in Asia-Pacific was muted Thursday as multiple major markets in the region were closed for holidays.
Hong Kong’s Hang Seng index rose 0.45% on the day to 30,173.57 while the Straits Times index in…
Oil prices fell on Thursday, giving up some of the recent strong gains, although losses were curbed by production cuts and hopes that rollouts of vaccines will drive a recovery…
On Wall Street, S&P 500 and the Nasdaq edged slightly lower on Wednesday as big tech stocks slid amid an ongoing rotation of portfolio holdings that gave a boost to…
Shares in Asia-Pacific were higher on Wednesday as Chinese stocks led gains among the region’s major markets.
By the market close in mainland China, the Shanghai composite gained 1.43% to 3,655.09 while the Shenzhen…
MSCI’s gauge of global stocks and the Nasdaq extended their runs to fresh highs on Tuesday, and oil prices pushed their rally into a seventh straight session as strong earnings…
Kenya’s real estate market is projected to record positive growth this year with younger millennials and Gen-Z expected to play a key role in growing uptake of affordable housing units.
Mizizi…
This will provide the long-term strategic direction for the Kenyan capital markets.
Global markets posted their best weekly gain since November, with major indexes closing at fresh record highs. Fiscal-stimulus expectations and progress on vaccine distribution continue to underpin the bullish market…
The S&P 500 posted 34 new 52-week highs and no new lows; the Nasdaq Composite recorded 286 new highs and four new lows.
China’s Kuaishou Technology soared nearly 200% from its issue price as the stock made in its debut in Hong Kong on Friday.
Stronger-than-expected results so far in the fourth quarter have driven up analysts’ expectations, and S&P 500 companies are now on track to post earnings growth for the quarter instead of…
Shares in major Asia-Pacific markets slipped on Thursday, with South Korea leading the losses.
The Kospi in South Korea declined 1.35% to close at 3,087.55.
Mainland Chinese stocks also closed lower, with the Shanghai composite down…
Oil prices extended gains on Thursday after the OPEC+ alliance of major producers stuck to a reduced output policy, and as crude stockpiles in the United States fell to their…
The Dow and S&P 500 rose slightly on Wednesday, registering a third straight session of gains, with Alphabet Inc’s shares hitting a record high following its strong quarterly results.
All the 11 major S&P sectors advanced, with economy-linked energy, financial and industrials gaining the most.
At the end of today's trading session on the Nairobi Securities Exchange (NSE)
A total of 23,876,400 shares in 994 deals, corresponding to a market value of KES 769,843,657.00, were traded.
Compared…
Robinhood, the U.S. online broker that has emerged as a gateway for amateur traders challenging Wall Street hedge funds, has held talks with banks about raising $1 billion in debt
Market activity on the Nairobi Securities exchange (NSE) eased during the week as investors cautiously traded on volatility of global markets and increasing data of the new strain of the…
Global Markets logged one of the largest weekly loss in three months last week as volatile trading in certain pockets of the market continued, raising concerns about speculative excesses.
An army of retail investors returned to Wallstreet to trade shares in GameStop Corp and Koss Corp. The stocks sky-rocketed after brokers including Robinhood eased some of the restrictions they…
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.732 after rising from levels below 90.3 earlier in the week in Asia.
Heavyweights, including Microsoft Corp, Amazon.com and Alphabet Inc, were among the biggest boosts to the S&P 500, a day after the three major U.S. indexes suffered their biggest daily percentage…
Shares in Asia-Pacific fell on Thursday following an overnight plunge on Wall Street that wiped out the S&P 500′s 2021 gains and left it in negative territory for the year.
Mainland…
Volume on U.S. exchanges was 23.42 billion shares, well above the 14.31 billion average for the full session over the last 20 trading days.
At the end of today's trading session on the Nairobi Securities Exchange (NSE).
A total of 23,506,400 shares in 944 deals, corresponding to a market value of KES 796,751,520.00, were traded.
Compared…
The Nikkei 225 in Japan rose 0.31% to close at 28,635.21 while the Topix index gained 0.65% to finish its trading day at 1,860.07. South Korea’s Kospi closed 0.57% lower…
Dow Jones Industrial Average fell 22.96 points, or 0.07%, to 30,937.04, the S&P 500 lost 5.74 points, or 0.15%, to 3,849.62 and the Nasdaq Composite dropped 9.93 points, or 0.07%,…
Stocks in Asia declined in Tuesday trade, with Chinese stocks leading losses among the region’s major markets.
The Hang Seng index in Hong Kong dropped 2.55% to close at 29,391.26. Hong Kong-listed shares…
Earlier on Monday, drugmaker Merck & Co said it would stop development of its two COVID-19 vaccines. Its shares managed to shrug off early losses and ended the session up…
The Derivative Market of the Nairobi Securities Exchange closed the week with a total of 58 contracts valued at Kes.2.6 million transacted, this was a decline in transaction value from…
Global markets finished the week slightly off record highs, as investors continue to balance positive news with near-term challenges. In focus is the $1.9 trillion fiscal-stimulus proposal from the Biden…
President Joe Biden said on Friday the U.S. economic crisis was deepening and that the government needs to take major action now to help struggling Americans.
Ford Motor Co jumped 6.17% extending gains for a second straight day after Deutsche Bank raised its price target on the U.S. automaker’s stock.
Shares in major Asia-Pacific markets rose on Thursday after stocks on Wall Street sailed to record highs as U.S. President Joe Biden was sworn into office.
The S&P 500 posted 37 new 52-week highs and no new lows; the Nasdaq Composite recorded 296 new highs and nine new lows.
“The Relative Strength Indexes (RSI’s) on both contracts were in overbought territory, indicating a correction was on its way,” said Jeffrey Halley, senior market analyst at OANDA.
Turkish stocks, as measured by the BIST-100 Index, returned about -1.0%. T. Rowe Price sovereign analyst Peter Botoucharov has been reviewing the latest macroeconomic data from Turkey and notes that…
The Dow Jones Industrial Average fell 177.26 points, or 0.57%, to 30,814.26, the S&P 500 lost 27.29 points, or 0.72%, to 3,768.25 and the Nasdaq Composite dropped 114.14 points, or…
The derivatives market of the NSE posted an exponential growth in activities, with 64 contracts concluded valued at Kes 1.93 million
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.409 following an earlier low of 90.223
“China, the global engine of oil demand growth, is wrestling with fresh COVID outbreaks,” it said.
Investors were waiting for the earnings season to kick into full swing with results from JPMorgan, Citigroup and Wells Fargo slated for Friday.
The derivatives market of the NSE posted an exponential growth in activities, with 30 contracts valued at Kes 851,925 concluded
China’s exports rose 18.1% in December as compared with a year earlier, according to customs data released Thursday.
A hefty COVID-19 relief package, which U.S. President-elect Joe Biden is due to unveil on Thursday, also kept losses in check.
Earnings reports from big U.S. banks including JPMorgan and Citigroup were also on investors minds as they will mark the unofficial start to the fourth-quarter earnings season on Friday.
The derivatives market of the Nairobi Securities Exchange had 7 single stock futures contracts valued at Kes 199,140 concluded.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 89.90 following an earlier high of 90.037
Prices are shrugging off the latest developments in Europe and the United States where death tolls and new infections keep rising
The S&P 500 posted 87 new 52-week highs and no new lows; the Nasdaq Composite recorded 307 new highs and four new lows
The derivatives market of the Nairobi Securities Exchange had 5 single stock futures contracts valued at Kes 182,000 concluded
MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.26%.
Declining issues outnumbered advancing ones on the NYSE by a 1.53-to-1 ratio; on Nasdaq, a 1.17-to-1 ratio favored decliners
The secondary bond market of the Nairobi Securities Exchange posted a decline in activity during Monday’s trading session with bonds worth Kes 2.04 billion
Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down 1.3% to $55.26 per barrel. U.S. crude futures dipped 0.86% to $51.79 per barrel.
Mexican stocks, as measured by the IPC Index, returned about 6%. Shares were lifted in part by strength in U.S. equities, as Joe Biden—who is expected to be less aggressive…
Electric car-maker Tesla Inc jumped 7.8%, taking its market capitalization to more than $800 billion for the first time ever. Tesla was the largest percentage gainer on the S&P.
The derivatives market of the Nairobi Securities Exchange had 4 single stock futures contracts valued at Kes 38,800 transacted. This was a decline in transaction value and deals as compared…
Advancing issues outnumbered declining ones on the NYSE by a 1.72-to-1 ratio; on Nasdaq, a 2.88-to-1 ratio favored advancers.
The derivatives market of the Nairobi Securities Exchange had 10 single stock futures contracts valued at Kes 364,870 transacted.
Mainland Chinese stocks saw gains on the day, with the Shanghai composite up 0.71% to 3,576.20 and the Shenzhen component rising 1.111% to 15,356.40. Hong Kong’s Hang Seng index lagged the region’s major markets as it…
Shares in Canadian marijuana producer Tilray soared more than 24 percent before closing up 13 percent to $10.77. In after markets trading it soared another 8 percent.
The S&P 500 posted 19 new 52-week highs and no new lows; the Nasdaq Composite recorded 117 new highs and four new lows.
The derivatives market of the Nairobi Securities Exchange had 5 East African Breweries Plc single stock futures contracts valued at Kes 77,980 transacted. This was lower in transaction value as…
Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down 0.12% to $51.03 per barrel. U.S. crude futures were little changed at $47.61 per barrel.
Shares of FLIR Systems Inc jumped about 19% after Teledyne Technologies Inc agreed to buy the thermal imaging camera supplier for $8 billion in cash and stock. Teledyne’s shares dropped…
Only sixteen of the 69 factories that are managed by KTDA would be paying less than Kes. 10M every year.
At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE) this week.
A total of 8,684,900 shares in 721 deals, corresponding to a market value of…
Mainland Chinese stocks rose on the day: The Shanghai composite gained 0.86% to 3,502.96 while the Shenzhen component soared 2.466% to 14,827.47.