Crude oil prices reversed early gains, snapping a three-day rally on growing doubts over a near-term demand recovery and an unexpected rise in U.S. stockpiles.

The derivatives market of the NSE posted an decline in activity with 3 contracts valued at Kes 94,800 concluded. This was against the 11 contract valued at Kes 375,720 transacted in the previous trading session.

In Japan, Softbank Group shares jumped 1.49%. Game maker Nintendo also surged 4.3%. Over in South Korea, Kakao’s stock gained 0.56%.

Shareholders’ equity grew 12% from KShs. 121.2 billion to KShs. 135.9.1 billion. This was driven by the growth in earnings over the 12-month period to September 2020.

Gold prices slid, hurt by a stronger dollar and increased risk appetite which drew investors away from the safe-haven metal