STOCKS

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

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.

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.

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.

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

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.

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.

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.

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.”

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.