Foreign investors made net sales on the Safaricom #ticker:SCOM and EABL #ticker:EABL stocks at the Nairobi Securities Exchange (NSE) last week, pulling down the share prices of these stocks as well as the bourse’s market capitalisation. The net outflows on the foreign desk — which accounted for 45.5 percent of total market turnover — stood […]
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 […]
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 […]
Investors on the Nairobi Securities Exchange (NSE) Wednesday lost about Sh54 billion in paper wealth, the biggest single-day decline in four months, hit by a slump in the share price of market driver Safaricom . Data showed that the NSE’s market capitalisation fell by Sh53.8 billion to stand at Sh2.776 trillion Wednesday the largest margin […]
•KRA is expected to adjust the rate of excise duty using 4.97% as the average inflation rate covering the 2020/21 financial year. •Stop Crime Kenya (StoCK) has warned that an increase in excise rates will fuel illicit trade in the country . Production at the East African Breweries Limited plant in Nairobi/FILE Less than two […]
Prime Minister Kassim Majaliwa said mid this week while unveiling the spirits manufacturing plant that the government will continue putting in place better investment conditions so that the private sector can create jobs while paying state taxes. “I commend Serengeti Breweries for the additional investment into the country which will improve livelihoods of the people […]
A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG Foreign investors at the Nairobi Securities Exchange (NSE) recorded net inflows of Sh242.3 million last week, reversing the previous week’s net outflows of Sh208.5 million as they bulked up on Safaricom and large banks’ shares. Their buying activity, combined with higher participation […]
Nairobi Securities Exchange trading floor. PHOTO | NMG Investors on the Nairobi Securities Exchange (NSE) Wednesday lost about Sh54 billion in paper wealth, the biggest single-day decline in four months, hit by a slump in the share price of market driver Safaricom . Data showed that the NSE’s market capitalisation fell by Sh53.8 billion to […]
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