Closing Bell 03/04/2012
Gainers Price Change Unga Group Limited 9.90 5.88% Athi River Mining Limited 170.00 5.59% Diamond Trust Bank Kenya Limited 93.50 3.89% Housing Finance Company Limited 14.40 3.23% East African Cables Limited 11.00 2.80% Losers Price Change Car & General (K) Limited 23.50 9.62% Carbacid Investments Limited 88.00 9.28%…
Foreign exchange reserves increase to 9-month high
The foreign exchange reserves held by the Central Bank of Kenya increased last week to the highest levels in the last 9 months. An increase in foreign reserves, caused by the Central Bank buying foreign currency (usually the US dollar) using local currency has helped stabilise the shilling against…
KenGen Bondholders to Receive First Redemption Installment .
This month, the country’s power generating firm KenGen is set to pay out the first redemption installment of the 10 year Public Infrastructure Bond the company issued in 2009. The Ksh 25 billion bond was structured such that bondholders received semi-annual interest payments or coupons in the first two…
Eveready Profits Dim: Reports 124 million loss
Eveready East Africa Limited has reported its annual financial results for the year ended 30th September 2011. The battery maker has announced a loss of Kshs. 123,994,000, down Kshs. 132,697,000 from the previous period’s Kshs. 8,703,000 profit. This represents a 1524.7% drop in the profitability of the listed company.
NSE best performing stock exchange in Africa
According to investinginafrica.net, the Nairobi Securities Exchange is the best performing stock exchange in Africa based on the return an investor would receive having invested in the exchange at the beginning of the year (2012) and holding the investment to date, the year to date return. This analysis was…
Ringera committee to commence hearing on CMC probe
Capital markets regulator Capital Markets Authority (CMA) has appointed an adhoc committee to hear the sides of those named in a forensic investigation report on giant car dealer CMC Motors Group. The report by Webber Wentzel (South Africa) accuses current and previous directors of fraud,…
The Closing Bell – 2/4/2012
Gainers Price (Ksh) Change (%) Standard Group Ltd 23.00 9.52 Express Ltd 4.40 6.02 Eveready East Africa Ltd 1.55 3.33 TPS Eastern Africa Serena 47.50 3.26 Kakuzi 79.50 2.58 Losers Price (Ksh) Change (%) City Trust Ltd 225.00 9.64 Olympia Capital Holdings Ltd 3.15 5.97 BOC Kenya Ltd 115.00…
Kakuzi Profits Increase By 66%
Kakuzi Limited has announced its annual financial results for the year ended December 31st December 2011. The company’s sales increased from Kshs. 2,113,774,000 to Kshs. 2,376,862,000 in the period representing a 12.45% jump in sales. The company’s total assets increased a substantial 22.27% from Kshs. 2,834,912,000 in the 2010…
CBK expected to maintain CBR despite falling inflation
The Central Bank of Kenya’s Monetary Policy Committee (MPC) is expected to hold a meeting this week. 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 –…
CBK to auction T-Bills this week
Last week, the Central Bank of Kenya (CBK) offered 91-day and 182-day treasury bills for a total of Kshs. 7 billion. There were 190 bids for the 91-day bills amounting to Kshs. 1.19 Billion representing 30% subscription and 170 bids for the 182-day bills amounting to Kshs. 4.47 Billion, representing…
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