The Stock Market Today
The NSE 20 Share Index closed at 3945.25, a decrease of 20.5 from yesterday’s points. The All-Share Index performance dropped by a further 0.54 from yesterday’s 87.17 points to close at 86.63. The month of October has thus far seen a general downward trend in the market’s performance as the points drop…
Standard Chartered Offers Second Rights Issue
The Standard Chartered Bank today morning announced a rights issue that is to commence on 9th October – exactly 1 week from today – and end on 26th October making the total period 3 weeks. This is the second Rights Issue the bank has had, with the…
FTSE Government Bond Index to Take Effect Tomorrow
Starting tomorrow the 3rd of October, Government of Kenya Treasury Bonds listed on the Nairobi Securities Exchange (NSE) will be measured by the new FTSE NSE Kenyan Shilling Government Bond Index borne through collaboration by the NSE and FTSE – the international index company.
The Stocks We Are Watching Today
Our focus today on Nairobi Securities Exchange stocks watch shall be on whole sectors and we will direct our attention towards the agricultural sector and the banking sector: See a summary of yesterday’s share trading here. Agricultural Sector – This sector has in it agrarian-based counters such…
The Stock Market Today
INDICES The NSE 20 Share Index performance dropped on this first day of October by 6.28 points to close at 3965.75 from 3,972.03 points on Friday. The All-Share Index performance dropped by 0.21 to close at 87.17 points from Friday’s 87.38. HIGHEST VOLUMES Safaricom shares were once again the highest traded…
Stocks We Are Watching Today
Here are the shares we will be closely watching in today’s trading at the Nairobi Securities Exchange: See a summary of Friday’s share trading here. CFC Stanbic Rights – They’re having a rights issue that ends in 1 week’s time and the demand has been fluctuating with the last day…
Unga Group Profit Drops 21 Pc Despite Revenue Growth
Manufacturer of flour and maize meal products Unga Group has released full year results for the year ended June 2012 with a decline in post-tax profit to 348.2 million shillings from 441 million shillings earned in 2011. Comparatively, the company’s post-tax earnings rose 88 percent between 2010…
Speculative Investing: What does it Mean?
We looked at value investing earlier this week. Now we look at exactly what speculative investing is and why you should even bother.
The Stocks We Are Watching Today
Here are the shares we will be closely watching in today’s trading at the Nairobi Securities Exchange: See a summary of yesterday’s share trading here. CFC Stanbic Rights – 8600 rights were traded yesterday compared to 15000 the previous day representing a 43% decrease in the trade volume. As such,…
Kengen Profit Rises 36 pc to 2.8 Billion
Kenya’s largest independent power producer Kengen has released its financial results for the year ended June with net profit rising 35 percent to 2.8 billion shillings from 2.08 billion shillings posted last year. The company’s growth in earnings was driven by higher revenues from newly commissioned power plants namely…
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