The Trading Room

There were 27 contracts valued at Kes 673,100 concluded in today's trading session. The Safaricom contract expiring on 17th September was the most traded contract in today's session.

The new changes at the electricity distributor comes after Kenya Power in June issued a profit warning saying that it has witnessed reduced electricity consumption.

Oil prices traded higher Tuesday morning during Asian hours. U.S. crude traded up 0.15% at $40.87 a barrel while global benchmark Brent added 0.09% to $43.32. 

Moderna Inc (MRNA.O) shares tumbled 12.8% on positive results from its competitors’ rival COVID-19 drug trials. Electric automaker Tesla Inc (TSLA.O) rose 9.5% to reach a record closing high of $1,643.

The secondary bond market on the Nairobi Securities Exchange recorded a decline in today’s session with bonds worth Kes 895 million achieved in 84 deals in today’s session as compared to the Kes 2.2 Billion achieved...