Closing Bell 20/4/12
Gainers Price (KES) Change (%) Mumias Sugar Company 6.05 9.01 Car & General Limited 27.25 4.81 British-American Investments 4.95 4.21 Marshalls East Africa Lmited 12.50 4.17 Scangroup Limited 49.00 2.62 Losers Price (KES) Change (%) Olympia Capital Holdings Limited 3.40 9.33 Rea Vipingo Plantations Limited 15.50 7.74 CFC Stanbic Holdings…
Sameer Africa: Infographic on its Profitability
Sameer Africa Limited will have to have sales of 37 billion to report a net profit of 1 billion
Another Rights Issue in the Offing
As we at PesaTalk had alluded to earlier, Standard Chartered Bank has announced that it plans to carry out a rights issue and increase its authorised share capital. In a letter addressed to the Chief Executive of the Nairobi Securities Exchange the bank announced that its Board of…
Kenyan Stocks Hit 7 Month High
According to Reuters, Kenyan shares rose to hit a 7-month high on Thursday lifted by a return of institutional investors in the market. Institutional investors are non organizations that trade securities in large enough quantities that they qualify for preferential treatment and lower commissions. Examples could include Pension funds…
Standard Chartered Seeks Approval to Increase Authorised Share Capital
Standard Chartered Bank has announced that its Board of Directors approved a Rights Issue subject to shareholder and regulatory approval. A notice of the Annual General Meeting (AGM) to be held on Thursday 24th May 2012 has also been released. This will be the 26th AGM of the shareholders…
Sameer Profits Up 68%
Up, up, up. Sameer Africa's profit after tax is up 69%
Forex Trail
Below is a summary of how the Kenya shilling performed against major global and regional currencies as at the close of business on Thursday as compared to Wednesday: DATE CURRENCY US Dollar Sterling Pound Euro SA Rand KESUSHS KESTSHS KESRWF Wednesday 18th March 2012 83.1389 132.4216…
The Bad Side of Economic Integration
Related to the: Good Side of Economic Integration Economic integration refers to the process of unification of economic policies through the removal of trade tariffs. This is meant to ensure the free movement of people, goods, services, and capital, enact and maintain common policies on trade, agriculture and regional…
Stocks Watch
As at the close of business yesterday the NSE All Share index had moved up 0.65 points (0.86%) to close at 76.14 points while the NSE 20-share index moved 45.03 points to close at 3534.27 points, an increase of 1.29%. Safaricom Limited was again the yesterday’s biggest mover with 5.91…
Closing Bell 19/4/2012
Safaricom was the day's biggest mover, over 5.9 million shares traded.
No KQ rights were sold today.
1
