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The Kenya Shilling had a hard day at the office yesterday, losing against all of the currencies under our observation. The Kenya Shilling lost 0.1384% against the US Dollar and 1.842% versus the South Africa Rand. The Kenya Shilling also slipped against the Uganda and Tanzania Shillings and the Rwanda Franc in what was definitely a difficult day for the Kenya Shilling.

Stocks Watch – 22 May 2012 At the close of trading yesterday, the NSE 20-share index stood 9.79 points up (0.25%) at 3,708.88 points to continue its upward trend. Below are some of the counters we will be watching keenly in today’s trading: KCB: The share of East Africa’s number…

On Friday the Uchumi Supermarkets share closed at KES 18 per share. This is the highest level the share has reached in six years. During the six hour trading period, 708,800 shares worth KES 12.78 million were traded  as the share increased by 4.1% and recorded the sixth highest increase…

Safaricom was the day's biggest mover with 6.432 million shares of Eastern Africa's biggest telco traded. Scangroup was the day's biggest gainer, up 3.88% to close at KES 53.50 while Transcentury Limited lost 7.41% of its value to close at KES 25.

In response to the performance of our PesaPortfolio over the course of last week, we have decided to make the following changes to the portfolio: Mumias Sugar Company: we will continue to hold all our 2700 shares in the company. This is because we believe that the share is undervalued…

At the close of trading on Friday 18th May 2012 our PesaPortfolio stood as follows:       Price (KES)   Portfolio Value (KES)   Share Market Segment Units Latest Previous Current value Previous value Mumias Sugar Company Manufacturing and allied 2,700 5.55 5.55 14,985 14,985 KCB Banking 1,000 23.75…

Below is a comparison of the performance of the Kenya Shilling over the last two trading sessions, Friday the 18th and Thursday the 17th:   Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 17/05/2012 84.3875 134.2753 107.5402 10.191 29.3884 18.747 7.1399 18/05/2012 84.4528 133.0353 106.9623 10.0195…

Limuru Tea Company gained the maximum 10% in Fridays trading. That translates to an increase of KES 41 on the share price. The share closed at KES 451. That share, as well as Mumias, Eveready, KCB and others, will be on our watch list in today's trading.

KCB's share register closes today at 3pm to facilitate the dividend payout. Only shareholders in the register by 3pm today will receive KCB's goodies. The dividend has increased 48% from last year's KES 1.25 per share to KES 1.85 per share following the firm's 53% increase in pre-tax profit in 2011.