The Trading Room

Chinese stocks declined on Tuesday, tracking other losses in Asia-Pacific markets, as the omicron variant returned to focus. Meanwhile, bitcoin prices continued to tumble after some losses overnight.

Still, the Organization of the Petroleum Exporting Countries raised its world oil demand forecast for the first quarter of 2022 and stuck to its timeline for a return to pre-pandemic levels of oil use.

Global markets were mixed this week, with downs at the beginning of the week with equity markets later rebounding, after two weeks of losses.

Elon Musk, chief executive of Tesla Inc, tweeted that he is "thinking of quitting my jobs & becoming an influencer full-time." The electric-car maker's stock advanced 1.3% during trading on wall street.

Trading on the secondary bond market on the Nairobi Securities Exchange (NSE) declined with bonds valued at Kes 1.78 billion transacted in 119 deals.