CIC Insurance to List on the NSE
CIC Insurance is set to list on the Main Investment Market Segment (MIMS) of the Nairobi Securities Exchange (NSE). The insurance company will offer 25% of its authorised share capital. According to Reuters, the Capital Markets Authority (CMA) has approved this listing by mid-June this year. The listing would…
Closing Bell – 16 May 2012
A summary of the day's on-goings at the NSE
The Cost of Not Wanting To Wait
My mother bought her first sewing machine back when hire purchase was the in thing. Most guys were yet to factor in the additional costs of making such purchases and it was seen as the most ideal mode of buying, especially to those who wanted things now and…
Pesa Portfolio – 15 May 2012
Our portfolio rose 162% more than the NSE yesterday buoyed by a gain in Kenya Re.
Why is the Shilling Dropping?
As at the close of business yesterday the Kenya Shilling had dropped by 0.2% to close at KES 83.6764 per US Dollar. Over the course of trading the shilling fell past the 84 to the dollar mark to trade at KES 84.60 per USD. The shilling has exhibited continuous depreciation…
Forex Trail – 16 May 2012
The Kenya shilling slipped 0.3233% versus the US dollar yesterday. It also lost ground against the SA RAnd and the Queen's coins. The shilling however rebounded, up 0.0457% against the Euro.
The Kenya shilling has dropped for the sixth consecutive day against the dollar, the longest losing streak in 9 months.
Stocks Watch – 16 May 2012
At the close of trading yesterday, the NSE 20-share index stood at 3,637.08 points, up 8.84 points and from 3,628.24 points on Monday 14 May 2012. The NSE All-share index also rose from 78.98 on Monday to 79.19 points yesterday. The increase in the indices continued the upward trend of…
Crown Berger Paints a Picture of Success
Crown Berger is a Kenyan paint manufacturing company established in 1958 with an annual turnover of KES 2.6 billion and the capability of producing up to 1.5 million litres of paint per month. The company is listed on the NSE under the Main Investment Segment in the Construction and Allied…
Invest in Kengen For Your Future
We believe Kengen is a good share to invest for the mid to long term. It looks strong for up to 100+ percent returns
Closing Bell – 15 May 2012
Gainers Sameer Africa Limited 4.70 9.30% Kenya Re-Insurance Corporation Limited 12.00 5.73% Uchumi Supermarket Limited 16.75 5.35% Centum Investment Company Limited 15.50 4.73% Total Kenya Limited 16.00 4.23% Losers Carbacid Investments Limited 101.00 2.88% Express Limited 3.70 2.63% Kapchorua Tea Company Limited 117.00 2.50% Eaagads Limited 31.00 2.36% CFC Stanbic…
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