The market turnover increased by 13.35 per cent to TZS 2.33 billion last week. In the coming week, we forecast that Dar bourse will remain active, as foreign investors participation continues to increase. Different counters have been trading on pre-arranged board. This justifies that the market is peaking, and it is expected to perform well […]
Nairobi — The Central Bank Of Kenya has approved the liquidation of Chase Bank Limited. The bank regulator through a statement said the decision was made after receiving a report from the Kenya Deposit Insurance Corporation (KDIC) which revealed that the financial status of the bank was weak. "On April 7, 2021, KDIC submitted the […]
The Nairobi Securities Exchange (NSE) has stepped up its push for the sale of additional government stake in Safaricom and cash-rich parastatals like Kenya Ports Authority (KPA) to cut the State appetite for expensive loans in the short term. The NSE chief executive Geoffrey Odundo told Parliament Tuesday that the State has the potential to […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL Re-imposed restrictions to contain the COVID-19 pandemic have served to reverse gains made by the performance of the stock market. While the Nairobi Securities Exchange (NSE) was tipped to turn the corner in performance this year, the past week has served as a […]
EGM Securities, a subsidiary of Equiti Group , announced today that the broker will offer derivative contracts on the Nairobi Stock Exchange (NSE). The new NSE derivatives will enable investors to start trading in less than 5 minutes due to an efficient onboarding process, compared to the current average processing time of 2 days. According […]
The Nairobi Securities Exchange (NSE) has stepped up its push for the sale of additional government stake in Safaricom and cash-rich parastatals like Kenya Ports Authority (KPA) to cut the State appetite for expensive loans in the short term. The NSE chief executive Geoffrey Odundo told Parliament Tuesday that the State has the potential to […]
This new NSE derivatives offering, with a 5-minute onboarding process instead of the two-day average in Kenya, has been made possible through collaboration between the NSE Derivatives Market, EGM Securities and their parent company Equiti Group’s global Product team. EGM Securities, a subsidiary of Equiti Capital, has become Kenya’s first online trading broker to offer […]
THE week that ended on 16th April 2021 was an eventful week which saw the major indices go in different directions. The Tanzania Share Index (TSI) dropped by 14.61 points after a movement on five counters with the bear having an upper hand. The prices of DSE and NICOL went up by 3.77 per cent […]
Investors at the Nairobi Securities Exchange (NSE) will now trade online on derivative contracts of blue-chip firms like Safaricom #ticker:SCOM, KCB Group #ticker:KCB, Equity Bank #ticker:EQTY and East African Breweries #ticker:EABL. This comes after NSE granted online forex trader EGM Securities the operating licence on Tuesday to trade derivative contracts at the bourse. EGM Securities, […]
Treasury Cabinet Secretary Ukur Yatani. FILE PHOTO | NMG The State has ruled out selling its stake in profit-making parastatals despite pressure to do so and unlock cash and growing strain of external borrowing. Stanley Kamau, Head of Public Investments at the National Treasury said the firms remained strategic to government plans and national security […]
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