The Trading Room

The S&P 500 posted 30 new 52-week highs and no new lows; the Nasdaq Composite recorded 142 new highs and nine new lows.

The derivatives market of the Nairobi Securities Exchange had no contracts concluded in today’s trading session.

The Japanese yen strengthened further in the afternoon, last trading at 103.85 per dollar, as compared to levels above 104.5 earlier. The Australian dollar was at $0.7308 against the dollar, firming from earlier levels.

That said, another valid reason we believe the flagship crypto valuation might certainly rise is the high global quantitative easing program which will in a matter of time propel Bitcoin prices.

Budget deficit in the three months that ended in September grew to Kes. 131.7 billion compared to Kes. 123.5 billion during the same period in 2019, a 6.7% year-on-year increase.