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@MwangoCapital

|❤️Financial Research & Analysis on East African Markets| |🗞️Newsletter: mwangocapital.substack.com| | Instagram/: instagram.com/mwangocapital
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Mwango Capital Verified account @MwangoCapital
Summary of the Markets Today [13th November 2026]:

🟢 Top Gainer: Uchumi Supermarket PLC up 6.4% to KES 1.33.

🔴 Top Loser: QMRT down 7.2% to KES 8.26.

Highlights:

— Equity turnover increased 24.5% to KES 953.5M (from KES 766.0M in the previous session), despite traded volumes declining 15.8% to 24.05M shares from 28.55M shares.

— Broad market indices closed in negative territory, led by declines in the NSE 10 (-0.7%), NSE 25 (-0.5%), NASI (-0.4%), and NSE 20 (-0.3%). Total market capitalisation declined 1.2% to KES 4.04T.

— Buying interest was concentrated in Uchumi Supermarket (+6.4% to KES 1.33), Longhorn Publishers (+5.0% to KES 2.54), Eveready East Africa (+4.2% to KES 0.99), Flame Tree Group (+3.9% to KES 2.13), and Stanbic Holdings (+3.5% to KES 272.25).

— Selling pressure was most pronounced in QMRT (-7.2% to KES 8.26), East African Portland Cement (-4.2% to KES 108.00), Olympia Capital (-4.0% to KES 12.10), Shri Krishna Overseas (-2.3% to KES 14.60), and Umeme (-2.3% to KES 6.04).

— Foreign Net Flows: Foreign investors recorded net inflows of KES 18.6M, reversing the previous session's net outflows of KES 101.1M. Foreign purchases increased 95.3% to KES 33.4M, while foreign sales declined 87.5% to KES 14.8M.

— Fixed Income: Bond market turnover declined 63.4% to KES 6.64B, down from KES 18.15B in the previous session, reflecting weaker trading activity in the secondary bond market.
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Mwango Capital Verified account @MwangoCapital
Employees who had checked out for the weekend seeing this:
Microsoft Verified account @Microsoft 10h
We are deeply sorry for the disruption this incident has caused our customers and partners. We know the trust they place in our services and take that responsibility extremely seriously. We are seeing broad recovery and stability across our services.

This was a technical issue not related to cyber or AI / agents. The incident was introduced by an issue during an earlier network capacity upgrade that surfaced following a recent network change. We have addressed the underlying issue and continue to restore service to remaining customers and regions.

Given the scale of demand, we restored services gradually, validating stability at each stage. While this took longer, it helped ensure a stable restoration.

We will provide a full post-incident report once our review is complete.
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Mwango Capital Verified account @MwangoCapital
The Tax Appeals Tribunal has ordered KRA to refund Absa Bank Kenya KES 317.2M in withholding tax paid in 2020.

— The dispute involved payments to Visa, Mastercard and American Express, as well as interchange fees paid to card-issuing banks.

— KRA classified the payments as royalties and management or professional fees, making them subject to withholding tax.

— Absa paid KES 317.2M in December 2020 under threat of enforcement, despite disputing the tax liability.

— In December 2025, the Supreme Court ruled that neither category of payments attracted withholding tax, paving the way for the refund.

Link: businessdailyafrica.com/bd/economy/kra…
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