Kenya |

Centum of Kenya Profit Surges 25% on Equity Investment Gains

NAIROBI, Kenya, Capital Markets in Africa: Centum Investment Co., Kenya’s biggest publicly traded investor, said full-year profit grew 25 percent, driven by gains on the country’s stock market. Net income jumped to 9.95 billion shillings ($98.3 million) in the 12 months through March from 7.94 billion shillings a year earlier, the company said Wednesday in a statement published in the Nairobi-based Business Daily newspaper. Investment and other income increased to 24.2 billion shillings from 11.8…

Kenya’s Benchmark Stock Index Poised for Gains on Golden Cross

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NAIROBI, Kenya, Capital Market in Africa — Kenya’s benchmark equity index is set to extend gains as falling yields on government debt prompt investors to seek better returns in stocks. The 50-day moving average for the Nairobi Security Exchange All Share Index climbed above the 200-day moving average this week for the first time since 2012, a so-called golden cross that signals to some traders that further gains are in store. Yields on government 164-day paper have…

Kenyan Equity Valuations Buoyed by Low Oil, Politics — Exotix

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Nairobi, Kenya, Capital Markets in Africa — Kenya equity valuations that declined over the past year are now among the most attractive in sub-Saharan African frontier markets, supported by the lowest political risk in a decade and favorable global conditions, analysts from Exotix Partners LLP said. Lower oil prices, which benefit net crude importers like Kenya, and the prospect that the timing of U.S. interest-rate increases have been pushed out are expected to foster a “relatively benign environment…

African Stock Market March 2016: Bull rules, Egyptian equities rewards local investors with 22.4% gains

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LAGOS, Nigeria, Capital Markets in Africa — The Federal Reserve’s dovish stance on U.S. interest rates and a rebound in commodity prices fuelled an African-market rally in March, leading currencies to record monthly gains against the dollar. African equity market performance measured by country equity benchmark index returns ended in positive for the month, with eleven gainers and seven losers on the local currency basis. March’s average return of 2.3 percent was recorded across eighteen African…

African Stock Market February 2016: BRVM Bourse & Kenya Stocks reward local and foreign investors

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LAGOS, Nigeria, Capital Markets in Africa —Stronger commodity prices helped most African stock markets to rebound in February. The rally has been sparked by a rebound in commodity prices with gold up 21 percent from its December low. Commodities are rallying amid more optimism over economic growth in China, while negative interest rates in countries like Japan and Switzerland are increasing the appeal of gold as a safe haven. Consequently, African equity market performance measured by country equity benchmark index returns…

Kenya Equity Markets | 12 Nov 2015: Kenya Equity Markets stay green, investors reward with US$92 million

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Nairobi, Kenya Capital Markets in Africa — The bullish mood continued for another day, the equity market capitalization ended at KES 2,023 billion after adding KES 9.4 billion (c.US$92.1 million) or 0.47 percent from the market capitalization of KES 2,013 billion recorded at the previous trading session. The Nairobi All Share Index rose by 0.47 percent or 0.67 points to end at 143.79 points but the Nairobi Securities Exchange (NSE20) index lost 2.48 points or 0.06 percent to…

Kenya Equity Markets | 11 Nov 2015: The Bull ride on, All-share index 1.26% higher, NSE20 index gains 0.81 …

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Nairobi, Kenya Capital Markets in Africa — The bullish mood stayed on for another day, the equity market capitalization ended at KES 2,013 billion after adding KES 25.02 billion (c.US$244.5 million) or 1.26 percent from the market capitalization of KES 1,988 billion recorded at the previous trading session. The Nairobi All Share Index rose by 1.26 percent or 1.78 points to end at 143.12 points and the Nairobi Securities Exchange (NSE20) index added 31.57 points or 0.81 percent…

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