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
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

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

50 min
Business & Finance
Lire

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.&nbsp;</p> <p>Absa has had an oversupply in the market, with investors holding fort on both demand and supply.</p>

Diffuseur

sandra_notes

sandra_notes

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 - Listen Free | WowFM