Nov 29, 06:31 PM

Nairobi Securities Exchange Gains 4.2% as Standard Chartered Hits KES 249, KenGen Falls 13.07%; S&P 500 Up 0.12%

On November 29, 2024, the Nairobi Securities Exchange (NSE) saw a notable performance, with the index gaining 4.2%, closing at 5.96. Standard Chartered reached a new nine-year high of KES 249.00. However, KenGen Plc experienced significant losses, dropping 13.07% to KES 3.46. In the U.S. market, the S&P 500 opened with a slight increase of 0.12%, while the Nasdaq and Dow Jones also recorded gains of 0.09% and 0.17%, respectively. Overall, 480 stocks in the S&P 500 were in the green, while 20 were in the red. Year-to-date returns for various investment vehicles showed significant gains, with Bitcoin (BITO) leading at +115%, followed by gold (GLD) at +29% and the S&P 500 (SPY) at +28%. November market statistics highlighted strong performances in several sectors, particularly cryptocurrencies and small-cap stocks, with the IWM index rising by 11%.