Stocks Watch – 8 May 2012
As at the close of trading the NSE 20 share index was down 11.97 points, as compared to Friday last week, to close at 3,599.13 points. The NSE all-share index was down 0.07 points to close at 78.50 from the previous session’s 78.57 points. The stocks to watch in today’s…
Forex Trail – 8 May 2012
The Kenya shilling strengthened against major world currencies, gaining against the US Dollar, the Euro and the South African Rand yesterday.
Investors Hope for Longer Term Bonds
Kenyan Treasury bill yields are expected to continue their decline after inflation fell in April and the Central Bank of Kenya (CBK) held its key lending rate. In lieu of this, investors are hoping for longer-dated bonds with the expectation that the CBK will finally cut the Central Bank Rate…
Closing Bell – 7 May 2012
A summary of the day's activities. 11 million Safaricom shares on the move.
Home Owners Get Title Deeds from NSSF
The National Social Security Fund (NSSF) has confirmed that a strategy to reduce its real estate portfolio to align with the national regulatory requirement is well on course. As part of the strategic effort, NSSF has now stepped up the issuance of title deeds to homeowners who…
DTB Gets Shareholder’s Approval for Rights Issue
The shareholders of Diamond Trust Bank (DTB) have approved a KES 1.8 billion rights issue as proposed by the Board. DTB is Kenya’s sixth largest bank in terms of pre-tax profit as it reported an after tax profit of KES 2.99 billion for the financial period ended December 2012.
Forex Trail – May 7 2012
Below is a comparison of the movements of the Kenya shilling against the major world currencies and the currencies of our neighbouring countries over the last trading sessions, Thursday 3rd May 2012 and Friday 4th May 2012: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 03/05/2012…
Never Put All Your Eggs in One Basket
One of the lessons we can pick up from dating and bring it over to investing is that diversification is good. You do not want to put your everything in one place. What happens when it all comes tumbling down on you? Diversification is a good way to…
Stocks Watch 7 May 2012
What to expect in today's trading activities at the NSE
Kenyans to Buy Bonds Through the Phone
According to the Daily Nation Kenyans will soon be able to buy government debt including Treasury Bills and bonds using their mobile phones, according to a project dubbed, ‘Treasury Mobile Direct’, launched by the World Bank and Central Bank. The scheme aims to capitalise on the popularity and success…
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