Closing Bell: Eaagads Limited Top Gainer as East African Portland Cement Company Declines
Eaagads Limited Top Gainer as East African Portland Cement Company Declines Eaagads Limited (EGAD) was the top gainer of the day. It gained 9.2% to close at KES 23.75 which was a KES 2.00 gain in share price. East African Portland Cement Company (PORT) was the top loser of the…
Kenya Power profit drops 16pc despite surge in connections
Kenya Power profit drops 16pc despite surge in connections Kenya Power announced a 16.4 per cent drop in net profit for the half year ended December, as increased expenditure offset additional income earned from connecting an additional 1.1 million customers in the period. The profit drop…
Closing Bell: Eveready East Africa Limited Top Gainer as Sasini Ltd Declines
Eveready East Africa Limited Top Gainer as Sasini Ltd Declines Eveready East Africa Limited (EVRD) was the top gainer of the day. It gained 9.62% to close at KES 2.85 which was a KES 0.25 gain in share price. Sasini Ltd (SASN) was the top loser of the day. It…
KenolKobil exits Congo, Tanzania with sale of units
KenolKobil exits Congo, Tanzania with sale of units Oil marketer KenolKobil has sold its subsidiaries in Tanzania and the Democratic Republic of Congo, marking an exit from the two countries. The company said in a statement Wednesday it has disposed of all its interests in Kobil…
Closing Bell: Atlas Development and Support Services Ltd Top Gainer as Sasini Ltd Declines
Atlas Development and Support Services Ltd Top Gainer as Sasini Ltd Declines Atlas Development and Support Services Ltd (ADSS) was the top gainer of the day. It gained 10% to close at KES 1.65 which was a KES 0.15 gain in share price. Sasini Ltd (SASN) was the top loser…
KCB accuses contractor of seeking to change loan terms in Sh7bn row
KCB accuses contractor of seeking to change loan terms in Sh7bn row KCB has accused contractor Kundan Singh Construction (KSC) International of trying to trick the court into altering agreements that allowed the firm to borrow Sh7.1 billion from three banks. KCB wants the High Court…
Closing Bell: Atlas Development and Support Services Ltd Top Gainer as Uchumi Supermarket Limited Declines
Atlas Development and Support Services Ltd Top Gainer as Uchumi Supermarket Limited Declines Atlas Development and Support Services Ltd (ADSS) was the top gainer of the day. It gained 6.9% to close at KES 1.55 which was a KES 0.10 gain in share price. Uchumi Supermarket Limited (UCHM) was the…
Mumias seeks Sh2bn more in Treasury bailout
Mumias seeks Sh2bn more in Treasury bailout Mumias Sugar is seeking an additional Sh2 billion bailout from the government after falling deeper into the red in the six months to December 2015. The second bailout comes after having received a Sh1 billion rescue package last June…
Closing Bell: Sasini Ltd Top Gainer as National Bank Of Kenya Ltd Declines
Sasini Ltd Top Gainer as National Bank Of Kenya Ltd Declines Sasini Ltd (SASN) was the top gainer of the day. It gained 7.69% to close at KES 21.00 which was a KES 1.50 gain in share price. National Bank Of Kenya Ltd (NBK) was the top loser of the…
Ex-KRA boss bets big on KQ with 1.1m share deal
Ex-KRA boss bets big on KQ with 1.1m share deal Michael Waweru is now the seventh-largest local individual shareholder of Kenya Airways, holding a stake valued at about Sh5.1 million at current market price. He joins billionaire investor Chris Kirubi who acquired 2.1 million shares of…
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