Lebanon to default on Sovereign debt for the First Time.
The announcement followed a meeting between the president, prime minister and senior financial officials earlier in the day
Morning Note: Global Markets Down, Shilling Under Pressure.
Data from commercial banks reveal the shilling is under pressure since Tuesday when Central Bank of Kenya announced they will buy back a total of $400 million (Kes41.2 billion) from commercial banks...
Morning Note: Markets Optimistic, Small Caps top NSE Gainers.
A report by Standard Investment Bank (SIB) has revealed that the small cap stocks have been performing well on the exchange, despite the gains being made on the back of very thin...
Bank of Canada Follows Feds, cuts rates as coronavirus delivers ‘negative shock’
Before the outbreak, the global economy was showing signs of stabilizing, as the Bank had projected in its January Monetary Policy Report (MPR). However, COVID-19 represents a significant health threat to people in a...
Morning Note: Did the Feds press the Panic Button?
The NSE opens this morning with a new wave on uncertainties as global markets. U.S. stocks tumbled and Treasuries surged as investors worried the Federal Reserve’s emergency cut won’t be enough to...
Fed cuts rates, braces for economic fallout from Coronavirus.
This is the first unscheduled, emergency rate cut since 2008, and it also marks the biggest one-time cut since then. The new benchmark interest rate is 1% to 1.25%.
Morning Note: Where’s that Bull?
1. Global Markets soared yesterday for the first time in two weeks as China reported lower cases of the Corona Virus infection.The S&P 500 surged 4.6% Monday, rebounding from the worst week...
Morning Note: Of Diaries in March.
It's a new month today & here's what to know as markets open. 1. East African Breweries Plc closed their books on Friday, as markets open, expect the usual books closure effect...
Morning Note: No place to Hide, is it a time to Buy?
At the same time, a report out has indicated that the construction sector in the NSE has been most hit in terms of Market capital erosion
Morning Note: Bear Roams The NSE, Global Markets.
Good morning, here's a rundown of top economic news you need to know. The NSE had one of its worst sell offs this year yesterday when most stocks plunged to touch their...
Morning Brief: Of Markets,Politics & the Virus.
Good morning, here's what you need to know before you start your day. 1. Kenya's Nairobi City County will now be run under the National Government. In a historic move, Nairobi Governor...
Global Markets Tank as virus Fear Spreads Beyond China
Global financial markets saw some of the sharpest falls in years on Monday after a rise in coronavirus cases renewed fears about a global economic slowdown. The risk-off mood hardened as the...
Green Bonds 101: The next big thing in Fixed Income.
In February 2019, Capital Markets Authority issued the guidelines for the green bond issuance in the country. Six months later in August 2019, Acorn Project (Two) Limited Liability Partnership became the first...
Initial US – China trade deal signed.
After more than two years of rising tension, the US and China have signed a deal aimed at calming trade frictions. The agreement has been hard-fought, but it is unclear how much...
Saudi Aramco shares Soars 10% in oil company’s trading debut
Saudi Arabian Oil Company (ARAMCO), the world’s largest initial public offering (IPO), surged past expectations as it debuted trading on the country’s stock exchange on Wednesday morning. The stock moved above the maximum...
NSE Updates Issuer Codes for Select Companies.
The Nairobi Securities Exchange on Thursday issued a notice of change of issuer ticker codes for certain select counters. This comes just days after the NSE updated systems went live on Monday....
IMF: Kenya’s economic growth forecast for 2019/20 to be lower.
Kenya’s economy is expected to expand by 5.6% this year and 6.0% in 2020, the International Monetary Fund said on Tuesday, lowering its forecasts from earlier this year which was a growth...
International Monetary Fund: World Economy to will Be Weakest Since 2008 Financial Crisis
The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis primarily because of widening global...
Market Report 14-Oct-19
At the end of the first weekday of trading on the Nairobi Securities Exchange this week. A total of 2,501,900 shares in 415 deals, corresponding to a market value of KES 141,832,986.00,...
CBA Capital, NIC Capital & NIC Securities to Merge.
NIC Securities and NIC Capital Limited, subsidiaries of former NIC Group Plc will be merged with CBA Capital of CBA Group Limited. This comes after the Merged Unit of CBA & NIC...
NSE’s Upgraded System to go live on Monday.
The new Active Trader System of the Nairobi Securities Exchange is set to go live next Monday 14 October, 2019 bringing an end to a long wait for system change by traders...
Hong Kong Stock Exchange Drops LSE Bid. Turns Focus to Asian Markets
Hong Kong Exchanges & Clearing Ltd. said it won’t proceed with its 29.6 billion-pound ($36.4 billion) unsolicited takeover bid for London Stock Exchange Group Plc, another failed cross-border deal in the exchange sector that...
