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NSE Weekly Market Review – Week 30, 2021

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 week as investors waited on companies releasing their financial results and the final books closure for dividend consideration on Safaricom Plc. The benchmark All-share Index of the Nairobi Securities Exchange (NASI) ended the week on a decline, shedding 1.46 points or 0.82% week on week...

NSE Weekly Market Review – Week 29, 2021

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 well, looking in from turnovers and also on the major stocks which moved the week. Equity turnover on the exchange was at 1.84 billion, a 0.36% rise from the Kes 1.83 billion traded from the preceding week with foreign investors accounting for 61.52% of the...

NSE Weekly Market Review – Week 27, 2021

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 saw a stable rise in major counters with a decline in level of share price decline on the losers side. Activity of the Nairobi Securities Exchange (NSE) rose during the week as foreign investors continued dominating trading on the exchange, accounting for 57.99% of the...

NSE Weekly Market Review – Week 24, 2021

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 in the previous week. The market saw a stable rise in major counters with a decline in level of share price decline on the losers side. The overall market activity declined, with the equity turnover posting a 50.96% to Kes.2.37 billion from the Kes.4.82  billion...

NSE Weekly Market Review – Week 23, 2021

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. Foreign investors maintained a dominant trading stand on the exchange. Accounting for 53.46% of the total market activity on the exchange. Local investors on the NSE were mainly in the banking sector, while foreigners spread out on Safaricom Plc and Total Kenya Plc. The benchmark...

NSE Weekly Market Review – Week 15, 2021

The Nairobi Securities Exchange (NSE) closed positive during the week, backed by local and international economic data coming from China and earnings release by listed banks on the U.S Exchanges and also as investors on most blue-chip companies tried to get a a balance on the higher edge from last week’s decline. The benchmark All share index of the Nairobi Securities Exchange (NASI) was up 6.49 points or 4.09% to close the  trading week at 165.08...

NSE Weekly Market Review – Week 11, 2021

The benchmark all share index of the Nairobi Securities Exchange [NASI] gained by 3% during the week to close the week at 166.94 from last week’s close of 162.08 basis points. The NSE20 and the NSE25 share indices edged higher, gaining 0.55 % and 2.58 % to close the week at 1,933.60 and 3,711.22 points respectively. The NSE20 and the NSE25 share indices have shed up to 49.83% and 25.26% in the year to date...

NSE Weekly Market Review – Week 06, 2021

The Nairobi Securities Exchange (NSE) recorded a decline in activity during the week, with major blue-chip counters having a sustained rally in terms of price action, coming in a week that was filled with news across various counters including Safaricom, Kengen, East African Portland Cement Company and Equity Bank. The benchmark All share index of the Nairobi Securities Exchange closed the week broadly higher, adding 6.91 points to settle at 164.02 points. This represented a...

NSE Weekly Market Review – Week 05, 2021

Backed by a slight rise in stock prices, the market capitalization of the Nairobi Securities Exchange (NSE) posted a rise this week to Kes 2.41 Trillion from the Kes 2.39 Trillion recorded in the previous week. This was backed by the price gain of East African Breweries Plc and the downside resistance of Safaricom Plc and  the major banking counters. The overall market activity was up, with the equity turnover increasing by 24.25% to Kes.3.13...

NSE Weekly Market Review – Week 04, 2021

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 coronavirus. Foreign investors held majority position in trading this week, accounting for 68.4% of the week’s total trading activity. Foreign activity was high on the main blue-chip counters. Total Market Volume for the week stood at 88.28 million shares against a volume of 79.80 million...

NSE Weekly Market Review – Week 33, 2020

The Nairobi Securities Exchange closed the week on a bearish note weighed down by the fall in prices in some of the banking counters. The All Share Index dropped by 0.86%% to close the week at 129.46 basis points as against the 130.58 points recorded the previous week. The NASI Year-to-Date (YTD) returns currently stands at -22.2% and the market capitalization presently stands at Kes 1.94 trillion. The NSE 20 and the NSE25 share indices...

The Trading Room: Weekly Market Review – Week 17, 2020

The Nairobi Securities Exchange closed the week on a high note with 134 Million shares valued at Kes.4.3 Billion against the 79.8 Million shares valued at Kes.2.38 Billion transacted the previous week. The NSE 20 share index was down 5.98 points to close at 1967.84 basis points. The NSE All Share Index (NASI shed 0.15 points to settle at 135.78. The NSE 25 Share index was up 30.30 points to stand at 3175.45.

The Trading Room: Weekly Market Review – Week 10, 2020

Markets globally had a week full of uncertainties as the coronavirus outbreak continued it’s sweep across the globe. Despite Friday’s selloff, stocks are right around where they closed last Friday, and they could still end the week positive. That’s how crazy the past few days have been. Oil prices slid more than 3% on Friday after Reuters reported that Russia will not agree to steeper oil output cuts by OPEC and its allies to support...

The Trading Room: Weekly Market Review – Week 9, 2020

Fears of a sustained global economic impact as the coronavirus rapidly spreads beyond China have sent investors scrambling to find safety with stock markets experiencing their largest weekly drop in a decade on increasing concerns that the coronavirus outbreak will turn into a global pandemic. While the rate of new cases slowed in China, the headlines that the virus is spreading at an increased rate outside China. This caused almost every single stock index in...

The Trading Room: Weekly Market Review – Week 8, 2020

Global markets took a decline this week, indicating a hit of the Corona-Virus, which has raised more concerns with an emergence of new cases in South Korea. Apple had earlier in the week issued a sales warning, citing the impact of the virus outbreak as most of its shops in China stay closed. U.S. stocks sold off and the Nasdaq had its worst daily percentage decline in about three weeks on Friday as a spike...

The Trading Room: Weekly Market Review – Week 5,2020.

Shares in global markets probably had their biggest weekly losses since August 2019. Commodities like oil and metals markets were not left out, showing an even more brutal damage to profits earned as investors increasingly got worried over the fallout from China’s coronavirus epidemic. The virus, which is centered on China, has spread to more than 20 other countries and regions. As of Friday China had reported 213 deaths and 9,800 cases, with number of...

The Trading Room: Weekly Market Review – Week 4,2020.

Just one week after showing stability, the spread of a new virus (corona virus) from China to other countries has raised fears that it could impede growth. Reacting to memories of the short-lived economic damage done by the SARS virus in 2002-2003, equities markets worldwide retreated this week. The virus has prompted the suspension of public transport in 10 Chinese cities. Health authorities fear the infection rate could accelerate over the Lunar New Year holiday...

The Trading Room: Weekly Market Review – Week 3,2020.

Global markets continue to rebound this week on the signing of the initial US-China deal at Washington on Wednesday. U.S president Donald Trump is expected to go to China later this year and sign the final deal with China’s president Xi Jinping. The dollar rose while key world and stock indexes on Wall Street scaled new records on Thursday as the U.S.-China trade deal, strong corporate earnings and encouraging U.S. economic data lifted equity markets.Oil...

The Trading Room: Weekly Market Review – Week 2,2020.

The stock market’s top indexes all scrambled to new highs Thursday, as global markets rallied on a cooling of U.S.-Iran tension, and after China confirmed that it will be signing a preliminary trade deal with the U.S. early next week. U.S President Donald Trump had indicated that he will be visiting China later in the year to sign the final phase of a US-China Trade deal. The US-China trade war has been blamed for slow...

The Trading Room: Weekly Market Review – Week 1,2020.

Global commodities market surged to start 2020 on a high note. Oil prices surged as much as $3 a barrel as gold, the yen and safe-haven bonds all rallied on Friday after the U.S. killing of Iran’s top military commander in an air strike in Iraq ratcheted up tensions between Washington and Tehran. Traders were spooked after the death of Major General Qassem Soleimani, head of the elite Quds Force who was also one of...

The Trading Room: Weekly Market Review – Week 52.

Global & local market indices rallied on the last full week of trading this year. The European stocks wrapped up a holiday-thinned week at record highs on Friday as growing hopes that a Sino-U.S. trade deal would be inked soon, as well as the latest dose of upbeat China data supported prospects of an improving global growth.After a week of highs, the Sterling faced a major low as the region stares at loosing the funding...

The Trading Room: Weekly Market Review – Week 51.

Global equity markets extended gains on Friday, helped by data showing relatively strong U.S. growth, while sterling headed toward its worst week in more than two years on concerns over how Britain will leave the European Union. The MSCI index on Equity Markets across the globe gained 0.39% to a record high, while Wall Street’s three key equity indices on also marked new highs. During the week, the US congress voted to impeach President Donald...

The Trading Room: Weekly Market Review – Week 50.

On Wednesday, Riyadh Stock Exchange was elevated to the ninth largest exchange in the world after a successful listing of the world’s largest Oil Company. The listing of Saudi Aramco shares saw global investors shift to the Middle East amidst concerns of the Crown Prince limiting the number of foreign investors in the company. Yesterday, The Sterling peaked at it’s highest in recent times and stocks on the London Stock Exchange rallied on announcement of...

The Trading Room: Weekly Market Review – Week 49.

Global Markets pulled back from record highs to start December, undermined by comments from U.S President Donald Trump and others in his administration suggesting any deal to resolve the trade dispute between the United States and China would not come soon. U.S,the Middle East & Asian Markets rebounded at the end of the week on Friday’s strong U.S. jobs and a change. Saudi Arabia pulled off the biggest initial public offering in history, raising $25.6...

The Trading Room: Weekly Market Review – Week 48.

In Global Markets,Gold prices rose and stocks on Wall Street slipped after China warned on Thursday it would take “firm counter measures” against U.S. President Donald Trump’s decision to ratify a bill backing protesters in Hong Kong. MSCI’s all-country world index, which tracks shares in 49 countries, shed 0.48%, or about 4 points lower than a record peak of 550.63 it established in January 2018. The MSCI world index has climbed 2.3% this month, its...

The Trading Room: Weekly Market Review.(Week 47)

On the trading week ended November 22nd. Global stocks turned bearish as news of trade optimism raised last week turned down with China terming the United States as the main barrier to international trade this year. The European equities on LSE moderately reacted to continuing electoral pressure by PM Boris Johnson. During the week, Standard Chartered Bank of Kenya, NCBA Group (NIC & CBA Group) released their results. BOC Kenya Plc issued a profit warning,...

The Trading Room: Weekly Market Review.(Week 46)

Global stocks advanced on Hopes of a U.S.-China trade deal turned world stock markets and other risk assets higher on during the week. The escalating wave of pro-democracy global protests from Hong Kong to Chile left some deep scars in Emerging market stocks which were down 1.7% for the week,leaving the Hang Seng  Index down 4.7%, its worst weekly performance in four months. Also in the week, Morgan Stanley Capital International ( MSCI) has made...

The Trading Room: Weekly Market Review.(Week 45)

On the trading week ended November 8th,2019. Global stocks advanced on Monday as investors banked on the likelihood of stimulus measures from the Japan & European central banks to reverse slowing growth, while the pound hit a six-week low globally as Brexit news continue to trickle in, growing concerns of a choppy trading on wavering hopes for Britain’s ability to leave the European Union with a deal Listed Stocks on the Nairobi Securities Exchange had...

The Trading Room: Weekly Market Review.(Week 44)

  On the trading week ending October 11,2019. Stocks rose globally on optimism that Chinese and U.S. officials made progress in negotiations that laid the groundwork for a truce on additional tariffs. Positive comments on the Brexit front added to the optimism, leading international developed-market stocks to record their biggest weekly rise in four months Local Stocks on the Nairobi Securities Exchange had a bull run on optimism that the Kenyan legislature will support repeal...

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