Reforms Needed to Strengthen the Stock Market
In many countries, the stock market is the primary means of wealth creation for citizens. Every year, many millionaires and billionaires are minted across the numerous stock exchanges around the [...]
NSE Turnover down 47% to KSh 480.8 Million
Turnover at the Nairobi Securities Exchange(NSE) declined significantly to KSh 480.8 Million when trading at the bourse closed this Monday, 23rd November, 2020. This is a 47% decline compared to [...]
Bank Shares Lose Appeal at Kenya's Stock Market on Weak Q3 Earnings
Bank shares were on the list of counters that recorded a dip in price when trading at the Nairobi Securities Exchange (NSE) ended this Friday, 20th November 2020. Absa Bank [...]Treasury Bill Auction Oversubscribed, Raises KSh 24.2 Billion
The Central Bank of Kenya(CBK) accepted bids worth KS 24.2 Billion out of the KSh 24 Billion that was offered at the weekly Treasury Bills auction. This is the third [...]Global Markets News Brief
US stock market The United States stock markets closed higher on Thursday's session following news that the country's senate had agreed to restart negotiations on the fourth instalment of the [...]
Turnover at the NSE rises 107% to KSh 435.40 Million
Activity at the Nairobi Securities Exchange(NSE) resulted in a turnover of KSh 435.4 Million, a rise of 107% from the KSh 209.9 Million at the close of trading yesterday. The [...]Nairobi Business Ventures Appoints 5 New Directors
Listed shoe vendor Nairobi Business Ventures(NBV) has appointed 5 new directors to its boardroom. This is as Delta International FZE, UAE-the new investor in the firm, nears the end of [...]KCB Shares Trading at 40% Discount- Citi Research
Citi research analysts have issued a buy recommendation on KCB Group. The analysts say that KCB shares are trading at a 40% discount and the target price is KSh48. The [...]
Wycliffe Shamiah Confirmed as CMA Chief Executive
Wycliffe Shamiah has been confirmed as the Chief Executive Officer of the Capital Markets Authority (CMA). Shamiah has been in an acting capacity since the beginning of the year following [...]
NSE turnover drops 43% to KSh 209.9 Million
Turnover at the Nairobi Securities Exchange(NSE) was KSh 209.9 Million on a volume of 6.63 Million shares and 725 deals. This is a drop of 43% from a turnover at [...]East Africa on the move to a single stock exchange by Q1, 2021
East Africa's plan to integrate the stock exchanges of Kenya, Uganda, Tanzania, Rwanda, and Burundi, is expected to happen in the first quarter of 2021. This disclosure was made by [...]Kenya Shilling hits 110 against US$ on Covid-19 2nd wave jitters
The Kenya Shilling has continued on its downward spiral against the US dollar to hit an all-time low of KSh 110 when the forex markets opened this morning. The depreciation [...]
