Nairobi Securities exchange trails Africa peers on dollar returns in first half of 2023
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The equities market in Kenya posted the worst dollar-denominated returns for investors in the opening half of the year in contrast to peers.
1M | 3M | YTD | 1Y | 2Y |
-2.50% | -7.44% | +18.36% | +1.71% | -6.72% |
Value Traded (Mln KES) 182.09 |
Volume 9,147,600 |
Transactions - |
Market Cap. (Bln KES) 1,617.21 |
The equities market in Kenya posted the worst dollar-denominated returns for investors in the opening half of the year in contrast to peers.
Property fund ILAM Fahari I-Reit (NSE:FAHR) posted a flat net profit of Sh86 million in the six months ended June as higher costs offset revenue growth.
East African Breweries Plc (NSE:EABL) has halved its dividend payment to Sh5.50 per share after posting a 20.8 percent drop in profit for the year ended June to Sh12.3 billion.
Safaricom (NSE:SCOM) will launch its M-Pesa mobile money service in Ethiopia before close of this quarter ending September, just months after authorities in the populous country granted an operating licence to the telco.