STOCKS
This sections covers the stock market, specifically the Nairobi Securities Exchange – equities, bonds and derivatives.
Foreign Investors Exhibit Unusual Taste in Picking Value Stocks
While foreign investors were dominant in Safaricom, Equity, Diamond Trust and EABL, activity in all the other counters was driven by local investors.
Payout to EABL Noteholders Excites Bonds Market
Bonds worth Ksh4.6 billion were transacted in 68 deals compared to Ksh2.49 billion in 78 deals executed at the end of Friday.
EABL and Two Other Shares to Watch This Week
Intense activity on EABL the previous week where it was one of the top gainers and prime movers.
Single Deal Sends Paint Firm Shares into a Frenzy
Crown Paints Kenya was the top gainer with a single deal pushing up its share price 9.28% to close at Ksh46.50 from the previous Ksh42.55.
Foreign Investors Salivating For Equity Shares
Equity, with a market capitalization of Ksh134.5 billion, edged out Safaricom as most traded counter resulting in a turnover of Ksh1.01bn.
Speculators Breathe Life Into Carbacid Shares in a Bearish Stock Market
Stockbrokers attribute interest in small cap firms to speculative tendencies that have little or nothing to do with fundamentals.
Dull Counters Find Pickers as Investors React to Covid-19 Retreat
There are indications that President Kenyatta could lift the night curfew and relax restrictions on the leisure and hospitality industry.
Banks Dislodge Safaricom as Stock Market Prime Mover
Coop Bank has been inspired largely by the successful conclusion of its acquisition of Jamii Bora Bank, which it has renamed Kingdom Bank.