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Stocks

Trade at the bourse declines during the week government unveiled Sh1.6 trillion budget

By Ben Kinyanjui

Trade at the Nairobi Securities Exchange (NSE) slowed down last week with all indices and turnover ceding ground. Trade is expected to improve as economy picks momentumTrade is expected to improve as economy picks momentum

The NSE 20 Share Index closed the week at 4,838.01 points or three per cent below the previous week’s level, while NASI ended at 122.97 points or 2.9 per cent lower than the previous week’s level.

Bonds market register growth as trading at bourse slows down

By TF News Reporter

The bonds market improved by 43.03 per cent last week with turnover increasing to Sh28, 681.85 million from Sh20, 052.85 million the previous week.  Bonds segment recorded 40 per cent  increase last weekBonds segment recorded 40 per cent increase last week

Market analysts attributed the improvement to investors’ preference for better yields in bonds given the decline in Treasury bill rates.

Trade at the bourse declines but Safaricom continue to dominate trade at the bourse

By TF News Reporter

 

Safaricom, Kenya Commercial Bank and Mumias Sugar continued to dominate trade at the Nairobi Securities Exchange last week by moving 41.95 million, 7.19 million and 7.04 million shares respectively Safaricom has continued to stir the market as it remain ahead of competitionSafaricom has continued to stir the market as it remain ahead of competition

The market recorded mixed performance where the bonds segment improve but equities segment activities declined and turnover and market capitalization ceded ground.

Trade at the Nairobi Securities Exchange improve as investor confidence increase

By Ben Kinyanjui

Trade at the Nairobi Securities Exchange (NSE) was on an upward trend last week with equities and bonds segment the market indices rising. Mr Adan Mohammed is expected to influence policies on investmentMr Adan Mohammed is expected to influence policies on investment

This comes barely a week after President Uhuru Kenyatta appointed the last two nominees to his 18 member cabinet. National treasury cabinet Mr Henry Rotich and his Industrialisation and Enterprise development Banker Adan Mohamed who are expected to drive the capital markets for the next five years took office.

Trade at the Nairobi Securities Exchange improve as cabinet is appointed

By Ben Kinyanjui

Trade at the Nairobi Securities Exchange (NSE) improved last week after President Uhuru Kenyatta appointed his cabinet of 16 members.President Uhuru Kenyatta appointed cabinet last weekPresident Uhuru Kenyatta appointed cabinet last week

The appointment that came a day after parliament approved all the 16 nominees sent the signal that the government was finally ready to pursue its ambitious economic transformation that involves pushing the economy into a double digit growth within the next five years.

Mixed trading results at bourse as Kenyans await new cabinet line up

By TF News Reporter

Telecommunications sector continued to dominate trade at the Nairobi Securities Exchange (NSE) with Safaricom moving 145.5 millions in a sector that traded 146 million shares that accounted for 61.5 per cent of the transactions.Ms Charity Ngilu is among those nominated to the  cabinetMs Charity Ngilu is among those nominated to the cabinet

Banking and commercial and services sectors were also among the top three most active, transacting 46.06 million or 19.40 per cent and 15.39 million or 6.48 per cent of all shares traded, respectively.

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