A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL The wealth of Nairobi Securities Exchange (NSE) investors fell by Ksh.62 billion last month on lower stock valuations in the period. The drop is represented by the contraction of the NSE market capitalization from Ksh.2.841 trillion to Ksh.2.779 trillion. The slide in stocks […]
Bank of Kigali recently touched a 52-week high of Sh40 per share, making it the sixth premium stock among 11 lenders listed on the Nairobi Securities Exchange (NSE). Since cross-listing in Nairobi in 2018 the lender has attracted a lot of foreign interest. In an interview with the Business Daily, Bank of Kigali CEO Diane […]
Monthly bonds turnover on the Nairobi Securities Exchange (NSE) hit an all-time high of Sh118.1 billion in September on the back of a liquid market and demand for infrastructure bonds, while equities remained subdued as blue-chip share prices retreated. The previous high in bonds turnover for a single month was the Sh106.9 billion that was […]
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 […]
A growing list of Kenyan companies are looking for investment opportunities in the Democratic Republic of Congo (DRC) shifting focus from the East African Community. This as the mineral-rich economy turns out to be a fertile hunting ground for top firms, with the World Bank and the African Development Bank tipping the nation as the […]
Nairobi — Brand valuation consultancy firm, Brand Finance has reported an 8 percent decline in the value of Kenyan brands featured in the Brand Finance Africa 150 2021 ranking with total firms accumulating a total brand value of USD1.4 billion, up from USD 1.5 billion recorded in 2020. The firm ranks over 5000 of the […]
The Fuliza overdraft service transacts more than Sh1.2 billion daily. Safaricom’s mobile overdraft service Fuliza now rakes in more revenue for the telco than its mobile lending service M-Shwari, less than three years after Fuliza’s launch. Data from the company’s latest Sustainable Business Report indicates that Kenyans borrowed Sh351 billion from the firm’s mobile overdraft […]
Western Union is teaming up with major financial institutions (FIs) in Africa to make digital cross-border money transfers and bill payments faster and easier, according to a press release on Thursday (Sept. 30). People using KCB Bank Kenya, the Diamond Trust Bank (DTB) and the Kenya Post Office Savings Bank (Postbank) can now use Western […]
Everything was dropping on the stock market during the week that ended on the 24th of September 2021, from market capitalization and indices, to the equity turnover and number of deals. While some counters, including TBL and NICOL released half year financial results, but the results of TBL had no impact to entice activities on […]
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 […]
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