
Weekly Markets Update EP 15| Safaricom's Worrying Dominance on the NSE, Allianz's Acquisition of Jubilee, County Infrastructure Bonds, and the NSE All Share Index
Nasty Blaq
Description
<p>Last week, the All-share index gained 2.4% in the wake of regulation seeking to ease listing. However, there are risks like a looming capital gains tax hike that will push the cost of investing and political risks with the upcoming election. Safaricom's dominance on the NSE is bordering a threat, where a suspension of trading due to material announcement would likely affect the whole exchange.</p> <p>Britam's share performance is because of losses from the fair value of property, and the Kshs 5 billion provision in their wealth management fund. Some of the company's prospects include looking for a strategic partner to boost capital in HF and help the bank recover. </p> <p>Absa has had an oversupply in the market, with investors holding fort on both demand and supply.</p>
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Weekly Markets Update EP 15| Safaricom's Worrying Dominance on the NSE, Allianz's Acquisition of Jubilee, County Infrastructure Bonds, and the NSE All Share Index
Nasty Blaq