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NSE turnover plunges by Ksh655 million on day of losses

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Investor wealth at the Nairobi Securities Exchange (NSE) on May 15 retreated to Ksh2.182 trillion on a day that saw turnover at the bourse plummet by Ksh655 million.

Having posted a market capitalisation of Ksh2.199 trillion on Wednesday, the bourse lost Ksh16.9 billion at the closing bell on May 16.

Equity turnover also plummeted, from a week high of Ksh1.1 billion to close at Ksh458 million.

Volumes at the NSE also dropped to 13.7 million. On Wednesday, the bourse had posted volume shares of 29 million, the highest in six weeks.

The All Share Index (NASI) was also affected by the slump. On 15 May, the NASI had arrested a 13-day consecutive dip to settle at 147.01. However, on May 16, it retreated to 145.89, shedding 1.12 points.

[Read:Jumia sued over ‘fraud’ in its IPO]

Other indices also receded, with the NSE 20 share Index down 18.84 points to stand at 2663.45 while the NSE 25 Share index dropped 17.69 points to stand at 3534.64.

The bond market however bucked the trend, rising from Ksh1.6 billion to Ksh2.9 billion.

NSE stock price gainers and decliners

The day’s top gainer at the NSE was NIC Group, whose stock price jumped to Ksh31.60, an 8.59% increase.

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Olympia Capital Holdings meanwhile nudged 6.52% upwards to end the day at Ksh2.45, while CIC Group registered a 6.21% improvement.

Uchumi Supermarkets, whose share price has been falling, also managed to tick upwards with its stock price at Ksh0.33, a 6.06% uptake.

Mumias Sugar also moved from Ksh0.34 to Ksh0.36, rounding up the top five gainers at the NSE with a 5.88% bump.

On the decliners table, Trans-Century Limited headlined with a 9.34% drop to Ksh3.01.

Scangroup shot down by 9.09% to end the day at Ksh11.50, with BOC Kenya shedding 7.2% to Ksh58.

Kenya Airways and Total Kenya were also among the top decliners at the day’s trading.

[See Also:Gor, AFC prepare for battle royale on Sunday]

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Kenyan celebrities talking about American race issues is hypocrisy

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Kenyan celebrities are weighing in on the recently cowardly and callous killing of George Floyd by Minnesota police officer. And while there is nothing wrong about Kenyan celebrities with no connection to the political temperature in America adding to their voice to the millions of others calling out the institutionalized racism in America, one has to also look to see whether these same guys speak up when things are thick in Kenya.

Who did it better showing off guns? 15 photos of Kenyan celebrities brandishing deadly assault rifles

And we did some checking and realized that the same guys currently touting their global villager citizenship are usually mute when Kenya is up in flames. These same Kenyan celebrities are clowns.

You see, as trump pointed out, Kenya is a shithole nation. We have so many issues at the moment that we need to address. But be that as it may, Kenyan artists would prefer to virtue signal and talk about distant issues over in the land of the brave, the home of the free where they will suffer no repercussions.

Mwakideu: It’s time Kenyan celebrities also storm Tanzania and steal their women like they are doing to us 

When post-election violence erupted, how many people came out to denounce it early on rather than waiting for ethnic and tribal diatribe to be drawn up for them? How many Kenyans recently spoke up about the disputed and divisive general elections that had to be re-conducted? How many Kenyan celebrities have been talking about the still existing internally displaced people? Or the rampant and widespread corruption that has seen our shithole country sink to demoralizing levels of depth that threatens the wellbeing of future generations?

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I will wait for you to point them out.

I would love to see the Jua Calis and the Janet Mbuguas raise their voices when Kenyan police batter protesters. i would love to see Kenyan celebrities talk about unlawful and cruel evictions.

For more thought-provoking opinion pieces, click here. And be sure to like our Facebook page.


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‘Ours was a complicated father-daughter relationship,’ cries Jimmy Wayuni’s daughter

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One of the daughters of celebrated Benga musician Jimmy Wayuni has revealed that she was not that close to him.

In a tweet that has since gone viral, award winning filmmaker Mercy Murugi reveals that for the longest time she would have loved Jimmy to play the role of daddy.

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Blessings galore! President Kenyatta welcomes newest grandchild, Uhuru

She wrote,

“How do you mourn a man you had barely known? How do you mourn the man you called biological father but fought so much with him for the title of Dad that he wanted, but you felt he was yet to earn?”

Kifo hakina huruma! Rare photos of Jimmy Wayuni the Kikuyu music legend 

Adding,

“What many never knew is Jimmy Wayuni is my biological father. And now he’s gone.”

Jimmy lost his life yestsrday night in a tragic car accident along Thika Road.

Mercy paid tribute to the fallen icon.

“Rest in peace Jimmy Wayuni Githinji. Ours was a complicated father – daughter relationship. Both of us headstrong. Prolly got it from you. That and my eyes. Rest easy.
💞💞.”

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Blessings galore! President Kenyatta welcomes newest grandchild, Uhuru

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President Uhuru Kenyatta is a happy grandpa for the second time in four years.

His first born son, Jomo Kenyatta is reported to have welcomed a baby boy named Uhuru at Nairobi Hospital.

This will be the second child for Jomo and his wife Fiona Ngobi Achola.

Their first born daughter is named Wanjiru after Kenya’s first lady Margaret Kenyatta.

Baby state house! Uhuru Kenyatta’s grandchild, Wanjiru, enjoys day out

Baby Wanjiru was born in October 2017.

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The second born, Uhuru is said to have arrived on May 27, 2020.

To date there has never been a photo of baby Wanjiru in public. It seems the parents want to keep it that way.

The same applies to Baby Uhuru.

All the same congratulations Fiona and Jomo on your bundle of joy.

 

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