10 million shillings is many things. Food for entire villages, schoolfees for entire communities, brand new Mercs. 10 million is also the price of one class A share in Berkshire Hathaway, Warren Buffet's company.
A summary of the day's goings-on at the NSE.
There were 4.843 million KCB shares traded today with the share closing 25 cents up.
Safaricom however, 4.042 million shares trading with teh counter closing 5 cents down.
Longhorn Publishers is set to list on the Alternative Market Segment (AIMS) of the Nairobi Securities Exchange (NSE). The publisher will list 58,500,000 ordinary shares at KES 1 per share. Prior to the decision to list publicly the share were trading at KES 66 per share on the Over-the-Counter Market…
A summary of what to look out for in today's trading at the NSE.
Safaricom will be one to watch. Yesterday's results announcement should drive up the share price.
Eyes should also be on Unga Group. The share price rose the maximum 10% in yesterday's trading.
According to Reuters, Equity Bank could consider listing overseas as their rapid, exponential expansion puts the company in danger of outgrowing the Nairobi Stock Exchange’s capacity in terms of liquidity and efficiency constraints. Equity is Kenya’s second largest bank in terms of profitability and their loan book, has operations…
The Mumias Sugar Company stock is a very interesting one, no offence to the Kenya Orchards share (see Kenya Orchards’ 2011 results here). The share has been pretty active lately. Interestingly, the share picked up steam at the Nairobi Securities Exchange right after the company announced…
For the third consecutive year Safaricom's net profits have dropped. While that is not a very enouraging statistic, not all is sad and gloomy at Safaricom House. Things are pretty good in fact.
Gainers Price (KES) Change (%) Unga Group 12.10 10.00 Marshalls E.A Limited 13.50 7.14 Uchumi Supermarkets Limited 15.50 3.33 Standard Group Limited 24.00 3.23 Eveready East Africa 1.65 3.13 Losers Price (KES) Change (%) AccessKenya Group 4.35 9.38 Total Kenya Limited 14.60 2.67 Equity Bank 20.00 2.44 Standard Chartered Bank…
Safaricom's 2011/2012 Profits - It's Going Down.
Profits dropped 4% to KES 12.63 billion.
The firm spent 26 billion in capital expenditures, the same they spent on operating expenditures like advertising.
As at the close of trading at the NSE yesterday, the NSE 20 share index was down by a very marginal 13.25 points compared to Tuesday, closing at 3,585.93 points up from Tuesday’s 3,599.18. The NSE all-share index maintained its previous position t close at 78.09. The NSE…