Number of Shares Traded Increases by 35.43%
According to the weekly bulletin released by the Central Bank of Kenya (CBK) the number of shares traded at the Nairobi Stock Exchange (NSE) from 16th April to 20th April 2012 stood at 159.92 million shares. This is 41.84 million shares more than the 118.08 million traded in…
No Capping Interest Rates, House Decides
Loan borrowers will have to put up with the high interest rates main stream banks charge them on loans after parliament shot down proposed amendments to the finance bill 2011/2012. The Jakoyo Midiwo sponsored amendments to have bank interest capped and have a base on the interest given…
Sameer Dividends Dip by 60%
The Board of Directors of Sameer Africa Limited has recommended a first and final dividend of 20 cents per share subject to shareholder approval at the Annual General Meeting. The company’s profit before tax increased by KES 86.2 million (138.66%) from KES 62.19 million in 2010 to KES 148.45 million…
Stocks Watch
Stocks Watch: What to expect from the day's trading at the NSE
Purpose of the NSE
The Nairobi Securities Exchange (NSE) is Kenya’s national stock exchange. A stock exchange is a form of a market which provides services for investors to trade in stocks, bonds, unit trusts and other securities. A stock is a type of security that signifies ownership in a corporation and represents a claim on part…
What’s Pushing the Mumias Stock?
Over the last week, the Mumias Sugar Company share has steadily risen from KES 4.70 at the end of last week to KES 5.50 as at the end of business on Thursday. This is a 17% rise and is quite uncharacteristic of stocks listed under the Manufacturing and Allied segment…
Your Rent Might Increase Soon
Expect an increase in your house rent as the tax-man targets landlords in the quest to expand Kenya’s revenue base. Kenya Revenue Authority (KRA) is preparing to register all properties in the country’s major towns with the expectation that it would help catch landlords who are not paying…
A Budget Could Cause You to Spend More?
Have you ever thought that maybe the people who choose to go shopping guided by the wind in the pockets, without any budget, might know something that we do not know? The ones who randomly buy things without care or worry. One of those many ‘new research findings’ is claiming…
Forget Buying Cheap, Buy Value
In an article on Richdad.com, Robert Kiyosaki, the author behind the best-selling book Rich Dad, Poor Dad startled me. He writes: The other day a friend of mine approached me excitedly, saying, “I found the house of my dreams. It’s in foreclosure and the bank will sell it…
Monetary Policy Simplified
What comes to mind when you hear the words monetary policy? Most probably Central Bank, interest rates and inflation. If one is better informed they’ll probably think about the central bank rates, treasury bills and bonds and the interbank rate. All these are associated to monetary…
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