STOCKS

After one year hiatus from the Nairobi Securities Exchange (NSE), Homeboyz Entertainment PLC staged a successful fightback last Monday. Homeboyz shares opened at Ksh4.66...

Jimnah Mbaru raked in Ksh318 million in a recent deal as he sold 64.8 million shares of his holdings in Nairobi Securities Exchange (NSE)-listed financial services group Britam, disclosures have revealed.

Nation Media Group (NMG) has announced a second buy back program, with the media giant aiming to buy back 10% of its shares at the Nairobi Securities Exchange (NSE).

All assets tend to decline with rare recovery periods during a bear market. At some point, the price of an investment will fall low enough to become attractive to investors again. An accumulation phase usually follows, followed by a trend reversal. People buy crypto futures during this time.

"This year, we all experienced tough headwinds, including high inflation, a depreciating shilling, severe drought, and failed rain seasons among others," noted Safaricom CEO Peter Ndegwa, alluding to the larger macro-economic downturn in Kenya.

The Nairobi Securities Exchange (NSE) posted a decrease of 92.65% to KSh 191.33 million from KSh2.06 billion recorded this Thursday.

Market analysts are projecting a depressed equities markets going into 2023 driven by rising inflation and flight by foreign investors flight.

There are currently 66 companies listed on the Nairobi Securities Exchange in the capital, Nairobi. That makes it one of the largest on the continent.