Closing Bell: TransCentury Limited Top Gainer as Centum Investments Declines
TransCentury Limited Top Gainer as Centum Investments Declines TransCentury Limited (TCL) was the top gainer of the day. It gained 9.97% to close at KES 16.00, which was a KES 1.45 gain in share price. Centum Investments Company (ICDC) was the top loser of the day. It had a loss…
Overvalued shilling may hit 110 to the dollar by year end
Overvalued shilling may hit 110 to the dollar by year end Economists says Kenya’s real effective exchange rate (REER) is 20 per cent overvalued and forecasted that the currency is headed for 110 units to the dollar by the end of the year. The REER…
Closing Bell: Kakuzi Limited Top Gainer as Pan African Insurance Declines
Kakuzi Limited Top Gainer as Pan African Insurance Declines Kakuzi Limited (KUKZ) was the top gainer of the day. It gained 10.00% to close at KES 363.00 which was a KES 33.00 gain in share price. Pan African Insurance Company (PAFR) was the top loser of the day. It had…
Brokers rattled as banks take over the bond market
Brokers rattled as banks take over the bond market The licensing of commercial banks as securities traders has unsettled stockbrokers who stand to lose a substantial share of their revenue, particularly in the wake of falling turnover and volatile trading at the stock market.The Capital…
Closing Bell: Williamson Tea Top Gainer as East African Portland Cement Declines
Williamson Tea Top Gainer as East African Portland Cement Declines Williamson Tea Kenya (WTK) was the top gainer of the day. It gained 3.91% to close at KES 399.00, which was a KES 15.00 gain in share price. East African Portland Cement (PORT) and Standard Group Limited (SGL) were the…
Safaricom steps up internet price turf war with rival Airtel
Safaricom steps up internet price turf war with rival Airtel Telecommunications company, Safaricom has revised its Internet bundle prices for the third time this year, stepping up an ongoing fight for data revenue with rivals Airtel and Telkom Kenya. Safaricom, the market leader, revised the cost…
Safaricom scraps night bundles, extends expiry dates
Safaricom scraps night bundles, extends expiry dates Safaricom has unveiled new data plans, responding to a public outcry that revolved around the validity periods of bundles especially those accumulated for use during off-peak hours. The telecommunications firm on Friday morning revised its three plans – daily,…
Closing Bell: East African Portland Cement Top Gainer as Nation Media Group Declines
East African Portland Cement Top Gainer as Nation Media Group Declines East African Portland Cement (PORT) was the top gainer of the day. It gained 9.24% to close at KES 65.00, which was a KES 0.50 gain in share price. Nation Media Group (NMG) was the top loser of the…
Mumias goes for its former CEO to drive turnaround
Mumias goes for its former CEO to drive turnaround Mumias Sugar has hired an Australian, Eroll Johnston, as its new chief executive officer to drive turnaround of the company after receiving a Sh1 billion State bailout package. Mr Johnston’s term begins on August 1, with the…
Closing Bell: Kapchorua Tea Top Gainer as Crown Paints Declines
Kapchorua Tea Top Gainer as Crown Paints Declines Kapchorua Tea Company (KAPC) was the top gainer of the day. It gained 9.38% to close at KES 175.00, which was a KES 15.00 gain in share price. Crown Paints Kenya (BERG) was the top loser of the day. It had a…
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