Market Report: May 28, 2020
The derivatives market of the NSE had one equity single stock futures contract concluded at a price of Kes 3, 550. This was against the spot market price of Kes 39.90.
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Central Bank of Kenya Maintains CBR at 7.0 Percent
The hold in the Central Bank Rate was supported by inflation stability with inflation rate at 5.6% in April. Going forward, the CBK expects the rate to remain within the set target range of 2.5%...
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Absa Quarterly Profit Rise to Kes. 2 Billion
The company's balance sheet remained on an expansionary curve with net loans and advances to customers hitting Kes.203 billion while customer deposits rose by 6.6 percent in the period to Kes.238.7 billion
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Equity Bank Registers 14% Decline in Net Earnings in Q12020
The Group increased its loan loss provision tenfold to Kshs. 3 billion from Kshs. 300 million the previous year leading to a decline of profit after tax by 14% from Kshs. 6.2 billion to 5.3...
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Stocks in Hong Kong Drop 2% as U.S.-China Tensions Heats Up
Developments on U.S.-China relations likely continued to be monitored by investors, as tensions between the two economic powerhouses mount.
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