PRIME Sixteen listed firms fail to issue investor calendars The calendar details all upcoming corporate events, along with their tentative dates.
PRIME CMA curbs speculative trading in troubled firms CMA authorised NSE to prepare and submit for approval the rules for the setting up and administration of a board on which the shares of the troubled firms on the recovery list may be traded.
PRIME Rush for T-bills to lock gains before base rate cut hits The T-bill rates fell sharply from highs of 16 to 16.99 percent in August to between 10.5 and 12 percent in December across the three tenors of the securities, before easing to the present levels...
PRIME NSE to vacate Westlands head office, mulls selling building The decision could draw queries as the bourse operates a digital platform accessible to investors.
PRIME Speculators drive up stocks of small listed firms Larger cap stocks, which prior to 2024 were largely outperforming their smaller peers in gains, have this year recorded more modest share price appreciation.
PRIME Banks face CBK fines for not cutting lending rates Bankers face a fine of Sh20 million or three times the monetary gain, with the regulator leaning on the punitive penalty.
PRIME Foreigners sell Sh1bn NSE stocks in January The extension of the foreigners’ exits has continued as markets await the outcome of shocks to global growth.
PRIME Buyout, shares sale lift NSE equities transactions Safaricom and Equity, which had no major transactions in the quarter, ended the three months with turnovers of Sh7.4 billion and Sh2.5 billion, respectively.
PRIME Treasury opens first early domestic bonds buyback The papers targeted in the buyback are a three-year bond which was first issued on April 11, 2022, a five-year bond sold on May 11, 2020 and a nine-year infrastructure bond whose debut sale was...
PRIME Treasury, CBK split over rival exchange for bonds EABX, the would-be competitor for the Nairobi Securities Exchange (NSE), received its operating licence from the Capital Markets Authority (CMA) in February last year.
PRIME Foreigners seen keeping off NSE on strong US stock market Foreign investors are seen as a key party to trading at the NSE due to their notable participation in trades.
PRIME Share of foreigners trading at NSE down to 35pc in December Data from CMA shows that foreigners market participation stood at 35.49 percent in December, having come down progressively down from 62.84 percent in January.
PRIME Tax break for infrastructure bond investors hits Sh25bn The tax free papers account for 37 percent of total outstanding bonds in the market.
PRIME T-bill interest rates flat in auction as bids hit Sh32bn In the latest auction, investors offered Sh32.8 billion, which the Central Bank of Kenya took up in its entirety, matching the rates demanded by the buyers, indicating convergence of rate...
PRIME Big companies’ NSE dominance slips further on investor diversification The drop in dominance indicates that investors took positions in other counters outside of the top five listings, helping shore up the prices of alternative firms and their respective market...
PRIME Foreign investors up KCB stake with extra 69 million shares Going by the bank’s current share price of Sh45.8, the additional shares acquired by the investors are worth Sh3.17 billion.
PRIME CBK seeks Sh70bn from re-opened bonds The prices of infrastructure bonds in the secondary market have soared amid falling interest rates, increasing the demand for the papers.
PRIME Higher domestic borrowing risks lifting interest rates The year-on-year increase means that from June, the CBK will face pressure to accept more funds from the domestic bonds and Treasury bills market, risking upward pressure on yields.
PRIME Investors warm up to long term bonds The CBK has avoided issuing long-term bonds until now, as it avoids high interest payouts to investors over time in a high-interest rate environment.
CMA orders Genghis Capital to draw up Sh355m debt payment plan CMA allayed fears that the billions of shillings held in two funds managed by the investment firm were at stake.
PRIME Face-off as Treasury fights to remove CBK from bonds sale The proposals have set up Treasury Cabinet Secretary John Mbadi and CBK Governor Kamau Thugge for a potential clash.
M-Pesa-backed money market fund hits Sh2.85bn in pilot month Safaricom has now officially launched the new fund, dubbed Ziidi, after piloting it since December.
PRIME Price rally stops Centum’s share repurchase programme Centum is now trading at a two-year high, having rallied over the last three weeks amid a general rise in share prices at the NSE.
PRIME Treasury to stop selling 364-day T-bills in reforms As at last week, the share of domestic debt held via T-bills accounted for 14.34 percent of the government's domestic debt, equivalent to Sh844.6 billion.
PRIME Monetary policy easing opens up cheaper financing for Africa Global ratings agency Moody's upgrades region's credit fundamentals outlook to stable from, from negative last year.