Stocks Watch
At today’s NSE trading, we will be closely observing the following share counters: Diamond Trust Bank – The bank commenced its rights issue yesterday targeted to raise Ksh 1.8 billion shillings through the offer of 24,455,566 new shares according an official disclosure by the bank. The new shares…
Closing Bell – 17 July 2012
At today’s NSE trading, the NSE 20-Share Index closed down 0.45 percent to 3,778.10 points from 3,795.10 points yesterday. Source: FILE HIGHEST VOLUMES Kenya Commercial Bank was the most traded share with 2.96 million shares traded up from 1.7…
DTB Confident About 2012 Rights Issue
Diamond Trust Bank (DTB) has expressed confidence as it offloads 11.81 million shares starting today. This will be the company’s third rights issue since 2006. “The Board is confident that the shareholders will wholeheartedly support the 2012 rights issue,” said the bank’s chairman, Abdul Samji. Both of the previous…
PesaPortfolio – 17 July 2012
Below is the value of the PesaPortfolio at the close of NSE trading on the 16th July 2012: The PesaPortfolio at the end of NSE trading on the 16th July 2012 At the close of trading yesterday, our PesaPortfolio lost Ksh 995.000 to stand…
Stocks Watch
At today’s NSE trading, we will be closely observing the following share counters: Jubilee Insurance Holdings – One day after East Africa’s largest insurance group had its biggest one day drop, the Jubilee share was yesterday a top gainer, rising 2.41 percent to Ksh 170 from Ksh…
Uchumi Share Down Further on Profit Taking
Uchumi, the only Kenyan retailer listed on the NSE, closed yesterday nearly four shillings lower than the share’s price in late May on profit-taking and falling inflation which had earlier boosted investor demand in the share. “The counter has been hit a bit hard by profit-taking”…
Closing Bell – 16 July 2012
At today’s NSE trading, the NSE 20-Share Index closed up 6.46 points (0.17 percent) to settle at 3,795.10 points from 3,788.64 points at the close of trading last week. Source: FILE HIGHEST VOLUMES For a fourth consecutive day at the NSE, Safaricom…
CIC Pours Ksh1 Billion into Real Estate
CIC Insurance plans to set up an office block in Nairobi with a contract sum worth over Ksh651 million. During last year’s Annual Group Meeting (AGM), the company made plans to increase their share capital to Ksh3 billion by creating 90 million ordinary shares. Over Ksh1 billion has…
Forget Economic Growth, We Have Oil.
During the budget speech Finance Minister Njeru Gitahe projected that the country would have a 5.2% growth during the year and gave several factors explaining how the government is working towards realising this dream. He was sure it would be a successful year for Kenyans and the economy…
Stocks Watch
Stocks Watch – 11 July 2012 At today’s NSE trading, we will be closely observing the following share counters: Carbacid Investments Ltd – The parent company of Carbacid (CO2) Ltd rallied on Friday to reach its highest price in more than one and a half years.
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