The Trading Room

The secondary trading on the bond market saw a decline in activity with bonds valued at Kes.12.0 billion billion achieved against the Kes 15.5 billion achieved in the previous week.

Stocks in Brazil, as measured by the Bovespa Index, returned about -1.4%. During the week, Brazil reported a solid current account surplus for the month of August

Zambia said it will however pay its bondholders $0.50 per $1,000 in bond principal they hold if the debt  suspension plans are approved.

Investors started buying beaten-down shares after the Nasdaq confirmed a corrective phase earlier this month and the S&P 500 on an intra-day basis briefly broke that barrier this week.

The derivatives market of the NSE recorded an increase in activity today with 9 contracts valued at kes 290,250 as compared to 4 contracts valued at kes 126,000  concluded in the previous trading session .