Safaricom Ends The Week At The NSE As The Only Share Above A Million

Safaricom Ends The Week At The NSE As The Only Share Above A Million

KEY POINTS Equity Group was the second top mover with 997,600 shares and a market capitalization of 198.12 billion shillings while Kenya Electricity Generating Company moved 898,200 shares, a market capitalization of 26.25 billion shillings. Top Movers Safaricom PLC was the only brand at the Nairobi Securities Exchange (NSE) on Friday that ended the week […]

Premium Insights on Natural Rubber Market 2021-2026 by Leading Players like Continental, Bridgestone, Goodyear, Sumitomo, Firestone/Sameer Africa, Tyre Corporation(Kal Tire), and more | Affluence

content The Natural Rubber market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, the impact of domestic and global market players like Continental, Bridgestone, Goodyear, Sumitomo, Firestone/Sameer Africa, Tyre Corporation(Kal Tire), etc., value chain optimization, trade regulations, recent developments, opportunities […]

Investors' wealth at NSE drops Sh60bn on Evergrande crisis

Investors’ wealth at NSE drops Sh60bn on Evergrande crisis

NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ Investors at the Nairobi Securities Exchange (NSE) last month lost almost over Sh60 billion in paper wealth as the Evergrande Group’s crisis hit home. Data from the Nairobi bourse shows market capitalisation dropped to Sh2.78 trillion from Sh2.84 trillion the previous month. Evergrande […]

Kenya Stocks Five-Month Rally Loses Steam on Global Risk Outlook

Kenya Stocks Five-Month Rally Loses Steam on Global Risk Outlook

The Nairobi Securities Exchange All-Share Index is set to halt a five-month winning streak in September after investors’ sentiments soured due to China Evergrande Group ’s crisis, and a local rally driven by growth in corporate earnings motivated investors to take out gains. So far this month investors on the bourse have lost 2.5% after […]

How China has silenced roar of Kenyan factories

How China has silenced roar of Kenyan factories

The flood of Chinese products has swept through the country’s nascent cottage industry. When China hoisted itself to the pinnacle as the “factory of the world,” it set off a huge tremor, cutting through the heart of Kenya’s manufacturing hub. The old mould-festered buildings in the sprawling Industrial Area aged faster; the rusty sputtering machines […]