Home MARKETS STOCKS

STOCKS

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

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.”

Heavy Trading in Safaricom Shares Fires Up NSE Turnover

Turnover at the Nairobi Securities Exchange rose to Ksh535 million from the previous session’s Ksh211 million, while the number of shares traded stood at 22.8 million against 6.5 million posted on Monday. The banking Sector had shares worth Ksh179 million transacted, which accounted for 33.57% of the day’s traded value.

How Long Does it Take To Be a Successful Stock Trader?

Regardless of how long you spend, if you don't have the foggiest idea of how to exchange and put resources into the stock exchange, you will just lose cash as opposed to making it. The main thing is to figure out how to exchange and put resources into the exchanging field accurately and ace what works. For instance, if you are going to buy shares you must know about the reliability of those shares.

How to Buy, Sell Trending US Stocks in Kenya

Importantly, anyone interested in plunging into the world of retail investing is advised to take time to understand markets and how they work.