Kenya smallholder tea farmers earn Sh63.6 billion from tea exports
By TFN Reporter
The Nairobi Securities Exchange (NSE) has defied the ongoing increased political activity to record strong performance in the week ending May 18.
Most equity market indicators recorded gains contrary to expectations that the market would record reduced activity as investors scale down their portfolio due to the impending general election. Kenya’s general elections are scheduled for March next year.
By Ben Kinyanjui
The Nairobi Securities Exchange (NSE) recorded decreased share offer as investors withheld their shares after prices in most counters showed strong signs of improvement.
Shares traded a the bourse dropped to 130.2 million last week from 159.9 million traded last the previous week.
Kenyan’s leading mobile phone company Safaricom continues to dominate trading at the NSE as the market shows signs of recovery
By TFN Reporter
Safaricom, Equity Bank and Housing Finance were the top three most active counters during trade at the Nairobi Securities Exchange last week with 65.91 million, 16.78 million and 7.04 million shares traded, respectively.
With exception of equity turnover and number of shares traded, all other market indicators for equities increased. Similarly, the fixed income segment recorded gains.
By FTN Reporter
Performance at the capital markets recovered in the week ending April 4 with most of the key market indicators in equities segments recording gains.
However, the equity and bonds turnover recorded losses attributed to a shift by investors to short term government securities, and a shorter trading week due to Easter holidays.
By Today Financial News Reporter
A senior official of the Central Depository and Settlement Corporation (CDSC) have been arrested for fraudulent transfer and sale of shares worth Sh15 million.
Mr Simon Ngethe, the Head of Help Desk at the Corporation was arrested Wednesday for transferring shares of three clients who maintain their CDS Accounts at NIC Capital.