The Nairobi Securities Exchange (NSE) Employee Share Ownership Plan (ESPO) Unit Trust has received an additional 387, 401 shares following the board’s approval. It comes with a grant of units to qualified employees in continuation of the NSE ESOP scheme. The scheme had earlier been approved on
The Nairobi Securities Exchange (NSE) has temporarily suspended part of the fees involved in day trading. The waiver is expected to touch on ‘second leg’ fees charged on investors for selling or buying stocks after an initial purchase or selling transaction. The move by the bourse is
Investors at the Nairobi Securities Exchange (NSE) will pay Ksh.1,200 annually or Ksh.100 monthly for the upkeep of their trading accounts. In a text message to investors, the Central Depository and Settlement Corporation (CDSC) said the fee will be effective July 15, 2022. “Dear investor, effective July
Serena Hotels profits plunged 47.6 percent drop to Ksh.632 million for the full year results ended December 31, 2021, from Ksh.1.2 billion recorded same period in 2020. Loss before tax stood at Ksh.703 million from Ksh.1.6 billion loss recorded in 2020. Serena Hotels, which trades as TPS
Sanlam Kenya PLC stocks rallied Friday on the Nairobi Securities Exchange (NSE) to trade Ksh.12.9 per share from Ksh.12.05 Thursday. Speculation in Sanlam shares is anchored on a deal which Sanlam Group’s signed with Allianz (Germany-based) mid this week. The Ksh.243.7 billion deal with Allianz is for
Stocks trading on the Nairobi Securities Exchange (NSE) will remain shut for three days starting April 29, 2022. This will stretch until May 3, 2022, the NSE said. The closure is due to the five-day-long weekend which starts on April 29 that has been declared a public
Banks’ net profit through the 12 months to December 31, 2021, rose to Ksh.141.5 billion from Ksh.80.29 billion in 2020. The profit record is for all lenders listed on the Nairobi Securities Exchange (NSE), as shown by Metropol Harvest. The rise in earnings is anchored on the
Flame Tree Group Holding stocks edged up Friday to emerge among top gainers on the Nairobi Security Exchange (NSE) when it traded Ksh.1.24 per share. It was trailed by Eveready East Africa whose stocks surged by two point three five percent to trade eighty seven cents
The investor jitter fueled by the ongoing Russian invasion of Ukraine has resulted to the Nairobi Securities Exchange (NSE) losing Ksh.92 billion. Investors saw the removal of Ksh.92 billion from the bourse, falling to Ksh.2.454 trillion from Ksh.2.546 trillion in the world market at the end
The Capital Markets Authority has approved Central Depository and Settlement Corporation (CDSC) to offer securities lending and borrowing (SLB) as it exits the sandbox. The services will be offered in a live market environment after an extensive consultation was conducted by stakeholders and tested to ensure
