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 combat the economic impact of the Coronavirus.
Here’s a brief of how markets reacted overnight to the news.
- Car & General Plc had their profits decline by 19% in the year ended September 2019.clearance cost saw the firm’s net profit fall to Sh182 million in the review period despite revenue jumping from Sh10.1 billion to Sh11.9 billion.
Nairobi Securities Exchange CEO Geoffrey Odundo says the current market decline has not been caused by the deadly Corona virus, amidst creeping anxiety that has seen stock prices fall.
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