The Trading Room

Oil prices were lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 1.1% to $44.96 per barrel. U.S. crude futures dipped 1% to $42.46 per barrel.

The total operating income grew by 17.6 per cent to Sh 4.2 billion during this period compared to Sh 3.6 billion last year. 

The S&P 500 flirted with all-time highs for several sessions before finally hitting a new record, raising questions about whether this run of gains could last.

Activity on the secondary bond market on the Nairobi Securities Exchange slumped with bonds worth Kes 914.01 million achieved in 67 deals in today’s session.

The Group increased its portfolio credit provision 15-fold from Kes. 500 million to Kes.7.7 billion increasing the Group’s NPL coverage from 64% to 73%.