DAR ES SALAAM Stock Exchange (DSE) recorded positive price movements that helped to spark rally in stocks in May but failed to increase the market turnover. The bourse, according to Zan Securities’ Market Monthly Outlook, saw nine counters registering price gain against seven in April while two counters registered price drop. Zan Securities said in […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL Foreign investors have now sold stocks worth Ksh.1.9 billion ($17.5 million) at the Nairobi Securities Exchange (NSE) in the year so far. In May, the investors offloaded Ksh.787.7 ($7.3 million) worth of stocks as investors continued to execute a flight to risk stance […]
Nairobi Securities Exchange trading floor. PHOTO | NMG The value of shares traded on the Nairobi bourse yesterday hit a three-year high, buoyed by a rally in Safaricom and banking stocks that has seen investors gain Sh207.5 billion since mid-May. Nairobi Securities Exchange (NSE) data showed that the market gained for the fifth day in […]
The Dar es Salaam Stock Exchange (DSE) stellar performance has been boosted by two cement companies signalling a paradigm shift going forward. Thus, the bourse recovered from last week slump as turnover and volume increased with indices recovering too. The exchange equity turnover increased by 63.89 per cent to close at 988.07m/- last week from […]
BOTH major indices on the Dar es Salaam Stock Exchange were on the green during the week that ended on 25th June 2021. The Tanzania Share Index (TSI) gained 20.63 points following a rally on Twiga Cement (TPCC) and NICOL counters. Twiga went up by 9.38% on the back of a handsome dividend that has […]
KEY POINTS Sasini was the top gainer of the day with 6.82 percent at the price of 18.00 shillings per share followed by Total Kenya with 5.60 percent at the price of 25.45 shillings per share. Stocks are a popular avenue for investment, but it’s far from the only option. Depending on your needs, income […]
Fitch Ratings – London – 28 Jun 2021: Fitch Ratings has affirmed KCB Group PLC’s Long-Term Issuer Default Rating (IDR) at ‘B+’ with a Negative Outlook. Fitch has also affirmed KCB Bank Kenya Limited’s Long-Term IDR at ‘B+’ with a Negative Outlook. A full list of rating actions is below. KEY RATING DRIVERS IDRs KCB […]
BOTH major indices on the Dar es Salaam Stock Exchange were on the green during the week that ended on 25th June 2021. The Tanzania Share Index (TSI) gained 20.63 points following a rally on Twiga Cement (TPCC) and NICOL counters. Twiga went up by 9.38% on the back of a handsome dividend that has […]
The Central Bank of Kenya offices in Nairobi. FILE PHOTO | NMG The International Monetary Fund (IMF) wants financial transactions of politicians and their networks tracked in a bid to stop corruption. The IMF has asked the government to tighten anti-money laundering laws and increase inspections on bank transactions of both physical and financial audits […]
NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ Trading activities at the Nairobi Securities Exchange improved to the highest level in six weeks, recording a turnover growth of 42.5 per cent in the week ended June 25. Weekly data from the Central Bank shows turnover at the Nairobi bourse rose to […]
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