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 [...]NSE Remains Volatile as Investors Eye Banks' Earnings
Activity remains subdued at the NSE even as the big banks begin to release their end of year financial results. After one of its worst performances in more than ten [...]Prices Fall at the Nairobi Coffee Exchange
The continuous rain experienced in Kenya, from early October through to January affected coffee production and quality. As a result, the average price of coffee at the local exchange declined. [...]Podcast; Central Banks Come to the Rescue of Global Markets
The coronavirus spread has pushed central banks in developed economies to take emergency measures to shield their economies from the corona impact. Equiti Group market analysts Gaurav Kashyap and Mark [...]Ex Stanbic Uganda CEO to Head Kenyan Unit
Patrick Mweheire is the new chief executive of Stanbic Holdings plc effective 3rd March 2020. Mweheire was the immediate former chief executive of Stanbic Bank Uganda. In addition, Mr. Mweheire [...]South African Economy Slides into a Recession
South Africa's economy has slid into a recession following dismal perfomance in 2019. Latest statistics from the Statistics South Africa show economic contraction during the last two quarters of 2019. [...]
