U.S. House Speaker Nancy Pelosi said it still was possible to get another round of COVID-19 aid before the Nov. 3 election, but that it was up to President Donald…
There were 6 contracts valued at kes 205,050 concluded during today’s trading session on the derivatives market of the NSE.
The Board of Directors of HF Group Plc has appointed Mr. Adan Daud Mohamed as a Non-Executive Director of its Mortgage subsidiary, HFC effective 19th October 2020.
Mr. Adan Mohammed holds…
In Japan, the Nikkei 225 rose 0.18% to close at 23,516.59 while the Topix index advanced 0.34% to finish its trading day at 1,625.32. South Korea’s Kospi also rose 0.24%…
The AGM ratified the re-election of Messrs Wilfred Ongoro, Lawrence Karissa and Margaret Karangatha to the Board for another term of three years, and also ratified the election of Mrs…
Advancing issues outnumbered declining ones on the NYSE by a 1.90-to-1 ratio; on Nasdaq, a 1.68-to-1 ratio favored advancers.
Declining issues outnumbered advancing ones on the NYSE by a 1.87-to-1 ratio; on Nasdaq, a 1.69-to-1 ratio favored decliners.
The S&P 500 posted 19 new 52-week highs and no new lows;…
There were 2 contracts valued at kes 74,400 concluded during today’s trading session on the derivatives market of the NSE.
The airline’s assumptions, which hinge on an effective Covid-19 vaccine by next summer, expects global air traffic to climb to 70 per cent of pre-crisis levels by the end of…
Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down about 1% to $42.72 per barrel. U.S. crude futures shed 0.91% to…
House of Representatives Speaker Nancy Pelosi said late on Tuesday that she hoped a coronavirus aid agreement could be accomplished by the end of this week.
Non-Life premium also registered a growth of 3.57% to Kshs 133.45 Billion shillings from 129 Billion in the year under review.
The Japanese yen traded at 105.49 per dollar following an earlier low of 105.61 against the greenback while the Australian dollar changed hands at $0.7038 after slipping from levels above…
High flyers stocks Apple Inc, Microsoft Corp and Amazon.com all fell more than 2% and created the biggest drags on the S&P 500.
There were no contracts concluded during today’s trading session on the derivatives market of the NSE.
South Korea’s Kospi also advanced 0.22% to close at 2,346.74. Meanwhile, shares in Australia rose on the day, with the S&P/ASX 200 up 0.85% to 6,229.40.
KenGen has been focusing on the production of green energy and 86 percent of the energy produced by the company is from clean sources namely wind, hydro and geothermal.
The benchmark All share index of the Nairobi Securities Exchange closed the week modestly lower, shedding 0.42 points to settle at 139.65 points.
Global markets were mixed but generally ended higher during the week as data on the coronavirus and various economic fronts streamed in during the week. On the global economic front,…
Oil services company Schlumberger NV posted its third straight quarterly loss due to falling crude prices and plunging demand. Its shares dropped 8.8%.
There was 1 contract valued at kes 35,000 concluded during today’s transaction on the derivatives market of the NSE
The partnership will see Britam and Carepay explore new mobile channels for Britam’s fast-growing microinsurance portfolio and the future management of retail and SME health insurance clients.
Stocks across Asia-Pacific were mostly down by the close on Friday, amid dampened sentiment on the coronavirus front.
Meanwhile, the U.S. dollar strengthened as uncertainty rose with investors flocking to the…
The fourth edition of Absa Africa Financial Markets Index 2020 show Kenya has dropped four places.
The index that measures the capacity of countries to attract both local and foreign investments,…
The NSE Chief Executive Mr. Geoffrey Odundo, noted that, “The admission of EGM Securities was in line with their focus to enhance retail participation in the NSE Derivatives Market
The S&P 1500 airlines index shed 1.7% after United Airlines reported a 78% drop in quarterly revenue.
There was 1 contracts valued at kes 30,000 concluded during today’s transaction on the derivatives market of the NSE. This was a decline compared to the 2 contracts valued at…
According to the report, Safaricom contributes 6 percent to Kenya’s GDP, though a slight decline from 6.3 percent registered in 2019.
The Japanese yen traded at 105.23 per dollar, having strengthened from levels above 105.3 against the greenback yesterday. The Australian dollar changed hands at $0.7098 following levels above $0.72 seen earlier this week.
DTB has appealed the ruling and secured a stay of the execution of the judgement. The lawyers at ENS say until the Ham/DTB decision is set aside, it will be a…
UnitedHealth Group Inc dropped despite raising its profit forecast as the U.S. insurer said it was difficult to predict the fallout of the pandemic on earnings.
There were 2 contracts valued at kes 60,100 concluded during today’s transaction on the derivatives market of the NSE. This was similar to the 2 contracts valued at kes 60,100…
Oil prices edged lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 0.28% to $42.33 per barrel. U.S. crude futures also shed 0.32% to…
The Dow Jones Industrial Average fell 158.04 points, or 0.55%, to 28,679.48, the S&P 500 lost 22.51 points, or 0.64%, to 3,511.71 and the Nasdaq Composite dropped 12.36 points, or…
There were 2 contracts valued at kes 60,100 concluded during today’s transaction on the derivatives market of the NSE.
According to this agreement, KCB will mobilize commercial financing into the SME and climate finance sector in Kenya and also impart knowledge, drive innovation, and build capacity. On other hand,…
The Chief Executive of VSA capital Andrew Monk said the company is pleased with its new partnership with Faida that is expected to make a real difference to the services…
The Japanese yen traded 105.38 per dollar after strengthening from levels around 105.6 against the greenback yesterday. The Australian dollar was at $0.7177, still above levels below $0.715 seen last week.
Kakuzi which supplies avocados to several UK supermarkets, including Sainsbury’s and Tesco will face major losses as the supply accounts for almost 40% of the avocados exported by the frim.
According to CA, international incoming fixed voice traffic also fell by 11.8 percent to register 4.3 million minutes from 4.9 million registered in the last quarter.
The S&P 500 energy index fell 0.4% as oil prices dropped on easing supply worries.
At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE),
A total of 8,680,100 shares in 717 deals, corresponding to a market value of KES 198,972,048.00,…
CMA Acting Chief Executive Wycliffe Shamiah, said; ‘‘We are glad to note that Pezesha effectively tested its crowdfunding innovation and achieved its testing objectives and control boundaries between July 2019 and…
The pound has depreciated rapidly, trading at 510 SSP for $1 on the black market, while the central bank is selling it at 167 SSP.
National Australia Bank’s Tapas Strickland said the moves in the yuan were likely driven by the rule change “which makes it less expensive to short the (Chinese yuan) and signals…
The Derivatives Market of the NSE closed the week with a total of 6 contracts valued at Kes.216,000 concluded in this week’s trading session, this was a further decline from…
Global markets were mixed during the week, posting declines earlier in the week and closing later higher, mixed with optimisms on the U.S elections and the health of the U.S…
“The direct flights will be an integral part of boosting the economy and tourism sector in our county,” said Dorothy Nyong’o, First Lady, Kisumu County.
The S&P 500 energy index fell 1.6% following recent gains.
The bonds market posted a further decline in turnover, with bonds worth Kes 2.95 billion transacted in 104 deals against the 3.26 billion worth of bonds transacted in Thursday’s trading…
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.377 after seeing an earlier low of 93.331.
CA expects uptake of telecommunications services to continue rising as a result of disruptions caused by COVID-19.
Eaton Vance Corp EV.N shares surged 48.1% after Morgan Stanley MS.N agreed to buy the asset manager for about $7 billion in a cash-and-stock deal.
The current NSE market capitalization is KES 2.1 trillion.
The Japanese yen traded at 105.98 per dollar after an earlier low of 106.10 against the greenback. The Australian dollar was at $0.7162 following an earlier low of $0.712.
However, according to a report by the firm , only Tanzania took up its full share of 8% while Kenya took up 2.5 %.
With the presidential election just weeks away, focus later Wednesday may turn to a debate between Vice President Mike Pence and Democratic opponent Kamala Harris.
There were no contracts concluded on the derivative market of the NSE during today’s trading session.
MansaX is a global, multi-asset strategy fund that exposes retail and institutional investors to the global markets in five key asset classes: currencies, commodities, precious metals, global stock indices and…
Davis & Shirtliff plans to use the new facility to increase the company’s network to 70% coverage across Kenya and open its distribution network further in other African markets.
The moves came as investors reacted to Trump’s move to halt stimulus talks.
Airtel and MTN Uganda, as well as Stanbic Bank, were the most affected firms.
Volume on U.S. exchanges was 10.55 billion shares, compared with the 9.79 billion average for the full session over the last 20 trading days.
Market giant Dangote Cement Plc, which climbed 9.9%, MTN Nigerian Communications Plc, up 5.7%, and Zenith Bank Plc, which gained 9.5%, were the three biggest contributors to Tuesday’s advance
There was 1 contracts valued at kes 36,000 concluded on the derivative market of the NSE during today’s trading session.
Hong Kong’s Hang Seng index advanced 0.9% on the day to 23,980.65.
Bank of Thailand’s success with the government savings bond project is the latest example of how blockchain technology can redefine the way businesses operate by simplifying complex processes resulting in fast, transparent,…
Volume on U.S. exchanges was 8.45 billion shares, compared with the 9.79 billion average for the full session over the last 20 trading days.
There were no contracts concluded on the derivative market of the NSE during today’s trading session.
Hong Kong’s Hang Seng index rose 1.32% on the day to 23,767.78, with shares of HSBC soaring 4.03%.
“These transactions will significantly strengthen our presence in Southern Africa and further our footprint for growth in the South African Development Community region.
Safaricom led the movers, with 29 million shares worth Kes.866M exchanging hands at a fairly stable price of Kes.30.00; this represented 56.83% of the week’s traded value.
Chinese stocks rose slightly in a holiday-shortened week, lifted by several economic readings showing that the recovery was on track, but they ended September with their biggest monthly loss since…
House Democrats passed a $2.2 trillion fiscal aid package on Thursday, but the bill is unlikely to be approved in the Republican-controlled Senate.
There were 3 contracts valued at kes 115,250 concluded on the derivative market of the NSE during today’s trading session.
New Covid-19 cases worldwide have rise to more than 34 million, nearly 2 million more than at the end of last week, based on Reuters tallies.
Advancing issues outnumbered declining ones on the NYSE by a 1.58-to-1 ratio; on Nasdaq, a 1.33-to-1 ratio favored advancers
There were no contracts concluded on the derivative market of the NSE during today’s trading session.
Overall, the MSCI Asia ex-Japan index was 0.48% higher. Markets in China, Hong Kong, South Korea and Taiwan were closed on Thursday for holidays.
Steven Oluoch who was the former Chief Executive Officer left the organisation upon attainment of retirement age and officially handed over the position to Paul Muthaura.
The Dow Jones Industrial Average rose 536.82 points, or 1.96%, to 27,989.48, the S&P 500 gained 54.54 points, or 1.64%, to 3,390.01 and the Nasdaq Composite added 186.02 points, or…
“We are keen to enter these key East African markets with substantial market share at the outset and JHL is the best partner to help us achieve this ambition in…
There was 1 contract valued at kes 39,000 concluded on the derivative market of the NSE.
Volume on U.S. exchanges was 8.31 billion shares, compared with the 9.99 billion average over the last 20 trading days.
The derivatives market of the NSE had no contracts concluded in today’s trading session.
Volume on U.S. exchanges was 8.74 billion shares, compared with the 10.05 billion average over the last 20 trading days.
The derivatives market of the NSE recorded quite a decrease in volume but an increase in turnover today with 1 contract valued at kes 320,00
Oil prices were lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 0.72% to $41.62 per barrel. U.S. crude futures also shed 0.84% to $39.91 per barrel.
In Riyadh, Arabian Centres gains as much as 2.5% after it announced the opening of an extension of a mall in Riyadh that will add 16,000 square meters of additional…
The secondary trading on the bond market saw a decline in activity with bonds valued at Kes.12.0 billion billion achieved against the Kes 15.5 billion achieved in the previous week.
Stocks in Brazil, as measured by the Bovespa Index, returned about -1.4%. During the week, Brazil reported a solid current account surplus for the month of August
Zambia said it will however pay its bondholders $0.50 per $1,000 in bond principal they hold if the debt suspension plans are approved.
Investors started buying beaten-down shares after the Nasdaq confirmed a corrective phase earlier this month and the S&P 500 on an intra-day basis briefly broke that barrier this week.
The derivatives market of the NSE recorded an increase in activity today with 9 contracts valued at kes 290,250 as compared to 4 contracts valued at kes 126,000 concluded in…
Fourfront will be required to provide periodic reports to the Authority on the implementation of its test plans, the achievements accomplished as well as the risk and challenges faced during…
The Dow Jones Industrial Average closed up 52.31 points, or 0.20%, to 26,815.44. The S&P 500 gained 9.67 points, or 0.30%, to 3,246.59, and the Nasdaq Composite added 39.28 points,…
There were 4 contracts valued at kes 126,000 concluded in today’s trading session on the derivatives market of the NSE.
The Japanese yen traded at 105.43 per dollar after weakening from levels around 105 yesterday. The Australian dollar was at $0.7045 after falling yesterday from above $0.712.
The S&P 500 posted three new 52-week highs and one new low; the Nasdaq Composite recorded 34 new highs and 89 new lows.
There were no contracts concluded in today’s trading session on the derivatives market of the NSE.