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STOCKS

This sections covers the stock market, specifically the Nairobi Securities Exchange – equities, bonds and derivatives.

Technology Drives An Inclusive Trading Market

Best Stock Brokers: Governments, businesses, social lives, and education have all been influenced by technological advancements. People nowadays have easy access to the resources...

Analysts Place BUY Recommendation On These 4 NSE Shares

The Nairobi Securities Exchange has lately been cold, thanks to a drought of IPOs and the exit of thousands of retail investors who entered the market riding the IPO wave over a decade ago. Yet still stocks remain one of the key revenue earners for investors who keenly invest in listed companies.

Beauty Firm Flirts With NSE In Quest to Raise Capital

The company, incorporated in Kenya, is a wholly owned subsidiary of ClickBeauty International based in Denmark. Africanhair PLC's shareholders recently approved its quest to raise new equity to bolster the commercialisation of its beauty products portfolio, enhancing its technology-backed e-commerce platform and accelerating growth both in Kenya and the region. The approval included a directive to immediately start the listing process.

Banks, Safaricom Share Prices Fall But Market Turnover Grows

The equity market closed the week with 62 million shares valued at Ksh2 billion against 85 million shares valued at Ksh3 billion transacted the previous week. Turnover today rose to Ksh466 million from Ksh458M posted yesterday, the number of shares traded stood at 14.9 million against 15 million posted the previous session.

Powerful Shareholder Halts BOC Kenya Takeover

The proposed BOC Kenya takeover by Carbacid and Aksaya Investments has been put on hold pending the hearing of an appeal lodged by a...

Homeboyz Issues Profit Warning 3 Months After NSE Listing

The firm which has interests in events, audio-visual production, sports and youth marketing saw its event division, in particular, take a hit during the pandemic as the entertainment and events sector was affected by restrictions on gatherings and the curfew.

Kenya’s Super Rich: 16 Billionaires Fall Off List After Covid-19 Hits...

The ranks of super-rich Kenyans with a net worth of more than $30 million (Sh3.3 billion) fell from 106 in 2019 to 90 in 2020, the Knight Frank Wealth Report has revealed. 16 Kenyans fell off the list as the Covid-19 pandemic and the economic shocks it occasioned saw most asset classes affected.

WPP-Scangroup CEO Bharat Thakar Suspended, Investigation Launched

Bharat Thakrar has over thirty six years in advertising and communication. He is considered a pioneering figure for the country's lucrative marketing industry. He founded Scanad, now Scangroup, in 1982 and built it up into a marketing behemoth.

Safaricom, EABL & BAT: Why Investors Are Snapping up These 3...

The Capital Markets Authority (CMA) has previously flagged as a big risk the dominance of five companies at the bourse, including Safaricom, as a big risk due to their influence on key market indicators. The performance of a handful of firms essentially determines the performance of the market, creating a problem for investors looking to measure the true performance of the bourse.

Safaricom to Pay Out Ksh18B in First Ever Interim Dividend

Explaining the decision, Safaricom stated: “This is in recognition of the company’s solid half-year performance and to support our shareholders during these difficult economic times occasioned by the Covid-19 pandemic.”