Banks Dominate NSE as Weekly Turnover Hits KSh1.9 Billion
The banking sector dominated this week's trading activities at the Nairobi Securities Exchange(NSE) as mixed half-year earnings continued to push the bourse into a bearish mood. This segment transacted a [...]
ICEA Lion Asset Management's Half-year Net Earnings Rise to KSh 62.7 Million
ICEA Lion Asset Management Limited(ILAM) has registered a Net Profit of KSh 62.7 Million at the end of the first six months of this year. This is compared to KSh [...]Zimbabwe Stock Exchange Declines 21% Since Resumption of Operations
Zimbabwe Stock Exchange has dipped 21 per cent since reopening two weeks ago, the latest data release reveals. ZSE blames foreign investor flight for the slump with Bloomberg reporting that [...]
Tower Company IHS Plans Africa's Biggest IPO in U.S Listing
Tower Company IHS Holding Limited announced that it is exploring a potential registered IPO in the U.S. The deal will kick off after review by the U.S. Securities and Exchange [...]
Daily Global Markets Update
US Markets The SP 500, an index that measures the stock performance of 500 large companies listed on stock exchanges in the United States hit an all-time high of 3,395.06 [...]
Crown Paints Records 765% Jump in Half-Year Profit
Crown Paints reported a net profit of Ksh 252.8 million for the first half of the year, up from KSh 29 million from a similar period last year. Unaudited results [...]CMA Re-advertises Vacancy for Chief Executive Officer
The Capital Markets Authority (CMA) has re-advertised the vacancy of Chief Executive officer. The holder of the position is expected to serve for a 4-year term. The CEO position fell [...]Weekly Deals Digest: First Issue
Starting this week, we will be introducing a new segment called the Kenyan Wallstreet Weekly Deals Digest. This segment will consist of a round up of major deals that happened [...]Global Markets Weekly Report
Geopolitics US Democratic Party nominee Joe Biden recently unveiled California Senator Kamala Harris as his running mate for the November 3rd 2020 presidential election. Kamala Harris becomes the first black woman [...]Kenya Stock Market Weekly Turnover drops to KSh 1.7 Billion
The Equity Market closed the week with 69Million shares valued at KSh1.68Billion against 130Million shares valued at KSh 2.9 Billion transacted the previous week. The list of top gainers at [...]Tuskys Owes Suppliers KSh6.2 Billion in Debt
Tusker Mattresses Limited (Tuskys Supermarket) owes suppliers a total ofKSh6.2 billion, reiterating that it has reached an agreement to pay 40% of the amount (Sh2.4 billion) over two years. “Total [...]Turnover at NSE Rises to KSh 353 Million
Turnover at the Nairobi Securities Exchange(NSE) increased to KSh 352.98 Million with 16.62 Million shares transacted in 932 deals. This is compared to a turnover of KSh 198.2 Million on [...]
