Yesterday the Central Bank of Kenya (CBK) auctioned 182 day Treasury Bills worth KES 2 billion. This is similar to the amount auctioned at the previous auction. Yesterday’s auction was however quite different than last week’s. For one, the number of bids received increased from 73 last week to 77…
Below is a table showing the performance of the Kenya Shilling against major international currencies as well as the currencies of our neighbouring countries in the last two sessions, Tuesday 12 and Wednesday 13 June 2012. Currency US Dollars Euro Sterling Pounds SA Rand…
When thinking about stocks on the NSE, very rarely does one consider Limuru Tea. This is mainly because the share is expensive and fairly dormant. However, at KES 500 per share it is the priciest counter at our bourse. Consequently, we at pesatalk consider it worth observing. The Limuru Tea…
The Pesa Portfolio yesterday increased in value by 1 percent, outperforming the NSE 20 share index that rose 0.36 percent. Mumias, Housing Finance and Crown Berger were gainers, Crown Berger increasing KES 1.25 to support the portfolio's growth. Meanwhile Kengen and Uchumi lost us money but the portfolio managed to do well overall.
On Friday the 8th of June, Kenya Airways (KQ) announced the results of their KES 21 billion rights issue. The announcement reported that the issue had received a 70% subscription implying that about KES 14 billion was raised. This news was not necessarily unexpected since there had been speculation that…
Limuru Tea, Kakuzi, Crown Berger and Kenya Re make our stocks watch list today. Limuru Tea yesterday rose 8.7% to hit the KES 500 mark while Kakuzi was the biggest loser in yesterday's trading.
AccessKenya Group, the only publicly listed Internet service provider, has issued 10 million bonus shares to shareholders after gaining approval from the Capital Markets Authority (CMA) and by shareholders. In yesterday’s trading the share appreciated 1.8% to close at KES 5.65 from KES 5.55 the previous day. The approval will…
The Kenya Shilling had mixed fortunes in yesterday's trading, up 0.727% versus the Euro, losing 0.508% against the USD, gaining 0.616% against the SA Rand but losing 0.003% against the Sterling Pound.