KEY POINTS Absa Bank Kenya was the second top mover of the day with 3.06 million with a market capitalization of 57.57 billion shillings. Kenya Power and Lighting, KCB Group, and Stanlib Fahari Income – REIT moved 930,400, 550,500, and 331,900 respectively. The top mover of the day at the Nairobi Securities Exchange (NSE) on […]
More than half of stock prices at the Nairobi Securities Exchange (NSE) have yet to return to their pre-Covid-19 levels amid the full recovery of the bourse and economic revival from the pandemic-induced slump. Of the 58 actively traded counters, 31 are trading below their closing price on March 12, 2020, when Kenya announced the […]
Nairobi Securities Exchange trading floor. PHOTO | NMG Firms that have made positive corporate moves in the stock market such as bonus issuances and buyouts like Nairobi Business Ventures (NBV) have also recorded higher gains relative to peers. But investors have punished top firms viewed to struggle under effects of Covid-19, including East Africa Breweries […]
More than half of stock prices at the Nairobi Securities Exchange (NSE) have yet to return to their pre-Covid-19 levels amid the full recovery of the bourse and economic revival from the pandemic-induced slump. Of the 58 actively traded counters, 31 are trading below their closing price on March 12, 2020, when Kenya announced the […]
The current turbulence in the local retail space and the Covid-19 pandemic have greatly impacted their businesses. Fashion has not been spared from the retail turbulence witnessed in the country in the last few years. Local brands such as Deacons and K-Shoes have gone bust, while once-promising ones like Jade Collections are barely keeping their […]
KEY POINTS Nairobi Business Ventures was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.09 percent at the price of 7.32 shillings per share. Nairobi Business Ventures was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.09 percent at the price […]
Nairobi Business Ventures (NBV) plans to break ground on a cement manufacturing plant in Mavoko, Machakos County by end of the year after shareholders approved a proposal to buy Delta Cement. The Nairobi Securities Exchange (NSE) listed firm was recently taken over by Delta International FZE, which is transforming it from shoe retailing to cement […]
The sentiment was relatively bearish on African equity markets this week. Among the 17 markets we cover, ten retreated while seven advanced. The Lusaka Stock Exchange led the pack as Zambian equities gained 3.35%. Conversely, the Nairobi Securities Exchange was the laggard. Kenyan equities dropped 4.13% this week, the most on the continent. West Africa […]
Scale model of a skyscraper Construction. Kenya’s cement consumption has more than doubled over the last decade, driven by mega infrastructure projects as well as individual homes. In 2010, local cement consumption stood at 3.1 million tonnes. This has steadily risen to 7.3 million tonnes by last year, and this year, growth margins seen over […]
Nairobi Business Ventures (NBV) will give its advisers six million shares as compensation for their services in helping it purchase four companies, marking a rare non-cash payment for professional work among Nairobi Securities Exchange-listed firms. MW & Company Advocates LLP, Callstreet Research and Analytics and abc Capital are advising NBV in its proposed acquisition of […]
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