South Korea’s Kospi led gains among the region’s major markets, rising 2.61% to close at 3,092.66 as shares of automaker Hyundai Motor surged 8.51%.
The Co-operative Bank of Kenya has secured a long-term financing facility arranged by the International Finance Corporation (IFC) amounting to Kes 8.25 Billion.
The bank has stated that the loan is…
Biden’s pick for Treasury Secretary, Janet Yellen, is expected to rule out seeking a weaker dollar when testifying on Tuesday, the Wall Street Journal reported.
The report further stated that the general insurance business remained the largest contributor to the industry insurance premium.
The derivatives market of the NSE posted a moderate decline in activities, with 8 contracts concluded valued at Kes 295,200 as compared to the 12 contracts valued at Kes 445,000…
Mainland Chinese stocks were higher on the day, with the Shanghai composite up 0.84% to 3,596.22 while the Shenzhen component advanced 1.58% to 15,269.27. The Hang Seng index in Hong Kong rose 0.87%, as of its…
“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…
Russia and Kazakhstan will collectively increase their output by 75,000 bpd while the rest of the group will hold output steady.
The Japanese yen traded at 103.93 per dollar after weakening from levels below 103.2 against the greenback yesterday. The Australian dollar changed hands at $0.7762, having seen levels above $0.78 earlier this week.
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 derivatives market of the Nairobi Securities Exchange had 5 single stock futures contracts valued at Kes 75,920 transacted
Markets across Asia-Pacific were mixed on Wednesday, as developments turned the focus on Chinese tech giants and regional energy stocks.
Shares of Chinese tech giants Tencent and Alibaba were monitored by investors on Wednesday after…
Meanwhile U.S. crude oil inventories dropped by 1.7 million barrels in the week to Jan. 1 to 491.3 million barrels, data from industry group the American Petroleum Institute showed late…
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.
Data obtained from Whale Alert, a crypto analytic tracker, revealed that an unknown BTC whale transferred 7,500 BTC worth $238,801,020 transferred from an unknown wallet to an unknown wallet.
A growing…
England went into a new lockdown on Monday as its Covid-19 cases surged following the emergence of a more transmissible variant of the coronavirus.
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.
Investor sentiment and the lira currency also benefited from the central bank’s recent action on interest rates. Following the December 24 monetary policy meeting—at which policymakers decided to raise all…
Gold prices gained as safe-haven metal notched its best year in a decade due to economic uncertainties caused by the pandemic. Spot gold added 0.2% to $1,897.88 an ounce.
There were no contracts concluded during today’s trading session on the derivatives market.
The Authority will continue engaging issuers, stakeholders and partners to build on the progress made while ensuring that the governance requirements are facilitative, value-adding and progressive.
Mainland Chinese stocks surged on the day: the Shanghai composite climbed 1.72% to 3,473.07 while the Shenzhen component gained 1.895% to 14,470.68. The Hang Seng index in Hong Kong advanced 0.31% to 27,231.13.
Equity Group holdings Plc (EGH) has received regulatory approval to merge Equity Bank Congo (EBC) and BCDC to form a new bank. Going forward, the new bank will be known…
Volume on US exchanges was 9.57 billion shares, compared with the 10.93 billion average for the full session over the last 20 trading days.
The world’s most popular cryptocurrency was last up 2.3 percent at $28,012.
There were no contracts concluded during today’s trading session on the derivatives market.
China’s 2019 GDP growth was revised downward to 6.0%, according to a statement released Wednesday by the country’s National Bureau of Statistics. That compared against a pre-revision 2019 growth rate…
Intel Corp jumped after Reuters reported activist hedge fund Third Point LLC is pushing the chipmaker to explore strategic options, including whether it should remain an integrated device manufacturer.
At the end of today's trading session on the Nairobi Securities Exchange (NSE).
A total of 5,381,200 shares in 710 deals, corresponding to a market value of KES 86,516,391.00, were traded.
Compared…
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 0.69% to $51.21 per barrel. U.S. crude futures gained 0.65% to $47.93…
In a sudden reversal late on Sunday, Trump backed down from his threat to block the hard-fought bill, restoring unemployment benefits to millions of Americans and averting a federal government…
The derivatives market of the Nairobi Securities Exchange had 5 single stocks futures contracts valued at Kes 46,000 concluded. This was a decline in turnover from the 5 contracts valued…
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.093 after declining from levels above 90.4 in recent days.
The NSE 20 and the NSE25 share indices have shed up-to 30.7% and 18.44% respectively in year to date performance.
Russian stocks declined early in the week amid worsening sentiment toward riskier asset classes and on news that the U.S. Department of Commerce would move to block trade in goods…
The move came after President Donald Trump slammed the $900 billion bill, calling it an unsuitable “disgrace” because it calls for $600 rather than $2,000 checks.
At the end of today's trading session on the Nairobi Securities Exchange (NSE).
A total of 13,123,900 shares in 625 deals, corresponding to a market value of KES 511,060,570.00, were traded.
Compared…
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 0.29% to $51.35 per barrel. U.S. crude futures advanced 0.25% to $48.24 per barrel.
Brent crude futures dropped 0.6 percent to $49.78 a barrel and US crude futures fell 0.74 percent to $46.68. Gold ralled 0.5 percent to $1,868 an ounce.
The derivatives market of the Nairobi Securities Exchange had 15 single stocks futures contracts valued at Kes 168,875 concluded.
Equity has accelerated its technology capability to deliver self-service banking across its markets through mobile banking, Agency banking as well as online banking.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 90.445 following an earlier high of 90.666.
“The price cuts are permanent, effective from January 1, 2021 and will enable more than 26.8 million customers to continue enjoying lower costs whenever they send money.” Ndegwa noted
The S&P index recorded 19 new 52-week highs and no new lows, while the Nasdaq recorded 278 new highs and seven new lows.
The Derivatives Market had 5 contracts worth Kes.185,000 transacted in today’s trading session. Five KCB contracts worth Kes.185,000 expiring in 18th March 2021.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.224 after seeing an earlier low of 90.09.
The S&P 500 posted 16 new 52-week highs and no new lows; the Nasdaq Composite recorded 182 new highs and 17 new lows.
The derivatives market of the Nairobi Securities Exchange had 5 single stocks futures contracts valued at Kes 46,050 transacted.
Oil prices fell in the afternoon of Asia trading hours, with international benchmark Brent crude futures down 3.23% to $50.57 per barrel. U.S. crude futures also dropped more than 3%…
The derivatives market of the NSE posted a moderate growth in activity, with 168 contracts valued at Kes.3.5 million concluded
Global markets edged higher last week, with all major benchmark global indices hitting fresh all-time highs. Fiscal-stimulus optimism in the United States, along with a brighter longer-term outlook driven by…
The Dow Jones Industrial Average fell 124.32 points, or 0.41%, to 30,179.05, the S&P 500 lost 13.07 points, or 0.35%, to 3,709.41 and the Nasdaq Composite dropped 9.11 points, or…
Mr. Ngugi said the Company will also intensify the use of Live–Line technology for planned maintenance programmes for enhanced customer satisfaction.
The derivatives market of the Nairobi Securities Exchange had 15 single stocks futures contracts valued at Kes 167,850 transacted
The U.S. dollar index, which tracks the greenback against a basket of its peers, last traded at 89.945 after weakening this week from levels above 90.4.
The platform will enable unlisted commercial banks, cooperative societies and private companies access the benefits of an efficient over the counter market anchored on leading technology capabilities and resources.
Advancing issues outnumbered declining ones on the NYSE by a 1.94-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored advancers
Secondary bond market on the Nairobi Securities Exchange posted a decline in activity during Thursday’s session with bonds worth Kes 2.30 billion traded in 102 deals during today’s session
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 1.23% to $51.71 per barrel. U.S. crude futures gained 1.34% to $48.46…
Southwest Airlines Co fell 1.5% after flagging a higher cash burn in the fourth quarter, as well as increased trip cancellations in December.
The derivatives market of the Nairobi Securities Exchange had 21 single stocks futures contracts valued at Kes 496,500 transacted
The Japanese yen traded at 103.40 per dollar, having seen levels around 104.1 against the greenback yesterday. The Australian dollar was at $0.7565 after trading at levels around $0.751 yesterday.
FDI contributed 62,876 jobs in Uganda accounting for (18.2%) of total jobs created, while FDI into Tanzania created 46,765 jobs accounting for 47.9% of the total jobs created.
Volume on U.S. exchanges was 10 billion shares, compared with the 11.5 billion average for the full session over the last 20 trading days.
The derivatives market of the Nairobi Securities Exchange had 20 single stocks futures contracts valued at Kes 304,100 transacted.
The Japanese yen traded at 104.05 per dollar after seeing levels below 103.8 against the greenback yesterday. The Australian dollar changed hands at $0.7526 following levels above $0.756 seen yesterday.
Electric-car maker Tesla Inc rallied almost 5% as anticipation of its addition to the S&P 500 benchmark next week offset a report of production delays.
The derivatives market of the Nairobi Securities Exchange had 21 single stocks futures contracts valued at Kes 412,150 transacted.
BOC Holdings supports the intended offer and has issued an irrevocable undertaking to sell its 65.38%stake in BOC Kenya.
shares in Australia edged higher, with the S&P/ASX 200 up around 0.5%. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.15%.