Stocks Watch 4 May 2012
The Nairobi Securities Exchange yesterday had 36.22 million shares trading with a turnover of KES 628 million. The NSE 20 share index was up 44.05 points (1.24%) to close at 3,585 points from the previous trading session’s 3,541.07 points. The NSE all-share index was up 0.87 points to close…
Monetary Policy Stance to Remain at 18%
Central Bank Rate to remain at 18%
Interest on loans to remain high.
Closing Bell 3 May 2012
A summary of the day's activities at the Nairobi Securities Exchange; 24 million Safaricom shares were traded in the day.
Stocks Watch – 3 May 2012
A sneak peek of what to look out for in today's trading at the NSE
MPC Expected to Maintain CBR
The Central Bank of Kenya’s Monetary Policy Committee (MPC) is expected to hold a meeting today. The Central Bank’s principal objective is the formulation and implementation of monetary policy directed to achieving and maintaining stability in the general level of prices. The aim is to achieve stable prices – that…
Hopes for Cheap Loans Dimming
Hopes for Kenyans to get cheaper loans are dimming further after parliament declined to pass the amendments to cap interest rates on loans in April. Borrowers are likely to be subjects of expensive loans for a long while as experts predict that The Central Bank of Kenya is likely…
Stocks Watch 2-05-2012
The counters of interest in today’s trading are: KenGen Limited: As at the close of business on Monday the power generating company was the highest gainer having closed 5% higher than it had opened. It will be worthwhile to see whether this will continue in today’s trading or whether it…
CBK to Auction KES 3 Billion Worth of T-Bills
The Central Bank of Kenya (CBK) will today auction 182 day Treasury Bills worth KES 3 billion. This comes after last week’s auction of Treasury Bills and a Treasury bond worth KES 2 billion and KES 5 billion respectively. Last week the Treasury bills were oversubscribed by 137% while the…
EABL Boss Bows Out
EABL CEO bows out. Ago go back to Naijiria...
Inflation Drops to 13.06%
Kenya’s year-on-year inflation rate which has fallen for four consecutive months from a high of 20% in November to 15.61% in March has fallen once again in the month of April to 13.06%. This significant drop can be attributed to lower food prices observed during the month. The increase in…
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