The Trading Room

According to Longhorn Publishers report, the management had reduced the operating cost by 20% in the review period but the company still recorded a loss of 35 million.

Market breadth was positive on Wall Street, with advancing issues outnumbering decliners by a 1.74-to-1 ratio on the NYSE, where 659 stocks hit new highs and 69 posted new lows.

Despite the subdued activity, the overall market capitalization remained steady at KES 2.85 trillion, reflecting continued investor confidence in the NSE.

Absa Group subsidiary, Absa Bank Uganda, has signed an agreement to acquire Standard Chartered Bank Uganda’s Wealth and Retail Banking (WRB) business. The deal follows StanChart’s announcement last year that it was exploring the divestment...

In Week 43 of 52, equity trading volume at the NSE totaled 134.4 million shares, up by 82% from 74 million shares traded in the previous week, bringing aggregate market turnover to KES 4.2 billion,...