Markets Plunge as Global Recession Appears Likely
On Wednesday's trading session, the Dow Jones futures tumbled 3.64% (727 points) at 11:31 pm ET, Nasdaq 100 futures slid 2.08% at 11:32 pm ET while the SP 500 futures [...]
Naira Under Pressure on Weaker Oil Prices
West Texas Index Crude Oil has dropped to the lowest levels since 2003, below $25 per barrel. The COVID-19 is weighing on prospects for demand as people refrain from flying [...]
NSE Turnover on Tuesday Fell by 73%
Trading yesterday saw a 73% decline in turnover from Monday's Ksh 1.47 Billion to Ksh 393 Million. A decline in volume was also experienced from 53.9 Million shares traded to [...]Citi Issues Strong Buy Recommendation on Safaricom Stock
Telecommunication giant Safaricom on Monday announced that, for a period of 90 days starting on 17th March, it will not charge transfer fees for person to person transactions below KSh1,000. [...]
Kenya Markets Daily
Trading opened on Monday 16th March after the market haul on Friday. Stocks in the banking sector continued to fall with Absa and Cooperative bank being the most hit in [...]NSE Opens Remote Access to Its Platforms
With the worldwide panic surrounding the Covid-19 virus, the Nairobi Securities Exchange (NSE) has opened up its platforms to bankers, stockbrokers and asset managers as well as individuals, wishing to [...]
Kenyan Stocks Plunge on Corona Virus Announcement
Trading at the Nairobi Securities Exchange was today halted after the NSE All Share Index plunged by more than 5%. It followed the announcement of the first positive case of [...]UK Temporarily Bans Short-Selling of Italian Spanish Stocks
The UK financial regulator has suspended short selling of some London Stock Exchange listed stocks such as Juventus Football Club, Ferrari, among other Italian and Spanish stocks. Short sellingoccurs when [...]Global Markets Enter Bear Run
Wallstreet on Thursday entered a bear run as investors continued the sell-off which has dragged stocks by more than 20% from the recent record highs. This comes after the World [...]Kenya Market Wrap – Kenyan Stocks Hit Historic Lows
Trading on Wednesday 11th March saw 16,562,600 shares traded at the Nairobi bourse with Safaricom recording a total of 12.5 million shares traded. The Telecommunication giant also saw activity in [...]Nigeria Ghana Follow Kenya in Launching Derivatives Markets
The two leading West African economies Nigeria and Ghana are preparing to launch their derivatives markets, eight months after Kenya opened its derivatives exchange. The countries aim to increase liquidity [...]Kenya Market Wrap: Home Africa Gains as Stanbic Holdings Dips
The market wrap trading on Tuesday 10th March saw 29,805,100 shares traded down from 37,765,600 on Monday. Safaricom Plc was the most traded with 21.31 Million shares exchanging hands, putting [...]
