The Kenya Shilling continued to lose traction against the USD, down 0.07% in Friday's trading in a week of continuous drops. The shilling gained on the Euro however, continuing the trend that has been going on lately. The gains on the Euro can be attributed to investors converting their holdings to dollar-backed assets from Euro denominated assets in the wake of the renewed economic tensions in Greece and the wider Euro Zone. Not that the Kenya shilling is doing anything extraordinary.

In today’s trading we will be careful to observe the performance of the following counters: Uchumi Supermarkets Limited: at the beginning of last week the share appeared to be very promising gaining consistently over the first few days. However, by the end of the week the share price has dropped…

Gainers Price                  Change Crown Berger 29.50 +8.26 Eveready East Africa 1.85 +2.78 Olympia Capital Holdings 3.80 +2.70 AccessKenya Group Limited 4.75 +2.15 Diamond Trust Bank Kenya Limited 102.00 +2.00 Losers Price              …

The gain and the loss led to a net gain of KES 100. Below is a table showing the performance of the Pesa Portfolio following yesterday’s trading session at the Nairobi Securities Exchange. The portfolio increased in value by 0.10585% using the closing prices of the NSE.  Share Market…

Capital Markets Authority has warned that it will be blacklisting fraudsters soon. The capital markets regulator has expressed concerns over fraudulent instances that have been seen in several organizations in the country. Capital Markets Authority chief executive Stella Kilonzo says fraudsters have been running down established and growing companies, a thing she…

EABL is on our watch list today. The share dropped a shilling in yesterday's trading to close at KES 218 but we feel it remains worth observing. Carbacid is also on the list and its 2.94% increase in value from KES 102 to KES 104 and we will keep a keen eye on it.

Below is a table comparing the performance of the Kenya Shilling against the major international currencies as well as the currencies of our neighbouring countries in the last two trading days, Wednesday 23rd and Thursday 24th May 2012: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date…

Gainers Price (KES) Change (%) Crown Berger 28.00 7.69 AccessKenya Group 4.80 5.49 Trans-Century Limited 26.00 4.00 Kapchorua Tea Company 124.00 3.33 Eveready East Africa 1.85 2.78 Losers Price (KES) Change (%) Uchumi Supermarkets Limited 17.95 7.24 Safaricom Limited 3.20 5.88 Olympia Holdings Limited 3.70 5.13 NIC Bank 33.75 3.57…

Mumias Sugar yesterday increased 5 cents and Uchumi closed 30 cents up to boost the value of our portfolio. Housing Finance and Kengen however slipped slightly to dilute our gains. The NSE 20 share index performed 26% better than our Pesa Portfolio.

Yesterday the Co-operative Bank share fell 0.7% to close at KES 14.35. Though this is not an extraordinary drop, it may serve as an indication of the trend the share will be following in the near future. Over the course of the day 2.05 million shares were either bought or…