NSE sheds Sh95bn in days on profit-taking
Investors’ wealth at NSE plunged Sh95 billion as local traders raced to profit from stocks bought cheaply a month ago.
Source: businessdailyafrica.com
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NSE hits 19-year low as US rates batter stocks
The market capitalisation dropped below the Sh2 trillion mark for the first time since August 2020, when Kenya was battling Covid-19 restrictions.
Source: businessdailyafrica.com
Dollar bank savings rise to record Sh803 billion
Cash saved by Kenyans in foreign currencies at local commercial banks rose to Sh803.6 billion in December last year.
Source: businessdailyafrica.com
August dollar deposits up Sh13bn on weak shilling
The value of dollar deposits in Kenya bank accounts rebounded by a five-month high of Sh13 billion in August, reversing a dip in July as savers fled from the weakening shilling.
Source: businessdailyafrica.com
Cash circulation dips Sh7bn in Aug on rising savings
The value of cash circulating outside the banking system fell by Sh7.2 billion in August to Sh235.6 billion as Kenyans opted to have much of their money in savings.
Source: businessdailyafrica.com