Foreign investors are expected make a cautious return to the Nairobi’s bourse this year, with an eye on rising political temperature ahead on next year’s polls working against expected demand for shares of firms with solid post-Covid prospects. The return is expected to be skewed towards the Safaricom stock, which is expected to show faster […]
The top mover of the day was BK Group after selling 9 million shares with a market capitalization of 16.56 billion shillings followed by Safaricom PLC with 3.44 million shares with a market capitalization of 1.46 trillion shillings. Equity Group and KCB Group sold 2.01 and 1.35 million shares respectively with a market capitalization of […]
Mohamud A. Mohamud Chief Executive Officer Kenya Deposit Insurance Corporation (KDIC) (PHOTO: WILBERFORCE OKWIRI) What kind of year will 2021 be? Last year broke the crystal ball, and Kenyan captains of industry have become more guarded in their predictions about the New Year. However, consensus remains that the pandemic will finally be tamed following the […]
Kenya Power and Lighting Company (KPLC) emerged as the top gainer of the day on Wednesday, January 20, 2021, with 6.45 percent at the price of 1.65 shillings per share followed by HF Group with 5.52 percent at the price of 3.89 shillings per share. I & M Holdings and Britam Holdings gained 4.55 and […]
Kenya Commercial Bank branch in Nairobi. FILE PHOTO | NMG National Social Security Fund (NSSF) has purchased an additional 8.55 million shares in KCB Group , raising its stake in the country’s biggest bank to 7.99 per cent. Latest disclosures shows that the state-controlled pension fund closed last month with 256.903 million shares in KCB, […]
CRDB and DSE were a positive effect on the Tanzania Share Index (TSI) while the cross listed counters pulled down the All Share Index (DSEI). The TSI gained 19.61 points during the week that ended on 15th January 2021, to close at 3,513.49 points. Correspondingly, the domestic market capitalisation went up by 0.56 per cent […]
IN the coming week, we still prospect that the market will remain vibrant going forward specifically on the banking sector and Cement sector as we have seen the previous week’s top counters coming from those sectors. The market will remain active during the week and mainly from the top local active counters. JATU Plc share […]
COMESA Business Council Chairman Marday Venkatasamy. PHOTO | COURTESY Highlight: Intra-COMESA trade, 2019 USD22.1 billion – Total intra- COMESA trade. USD10.9 billion – Total intra- COMESA exports. USD11.2 billion – Total intra- COMESA imports. On 20th and 21st January 2021, Kigali will host a high-level public-private dialogue on the development of a low value retail […]
NSE trading floor. FILE PHOTO | NMG A record number of profit warnings by commercial banks has left their shareholders at risk of missing dividends worth over Sh33 billion after the lenders were forced to cut or suspend the payments to conserve cash in the wake of the Covid-19 crisis. An unprecedented six of the […]
The Safaricom share yesterday touched a new all-time of Sh35.10, pushing the combined wealth of investors at the Nairobi bourse to levels last seen 11 months ago and brightening prospects of recovery from Covid-19-induced price plunges. The jump in the Safaricom share from Tuesday’s Sh34.90 continues a rally that set in from the beginning of […]
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