Stocks Watch
At today’s NSE trading, we will be closely observing the following share counters: CIC Insurance Group – In their debut at the NSE yesterday, CIC Insurance Group shares closed 50 percent higher at KES 5.25 up from the list price of KES 3.50 also emerging the second most traded…
Closing Bell – 18 July 2012
At today’s NSE trading, the NSE 20-Share Index closed up 0.28 percent at 3,788.52 points from 3,778.10 points yesterday while the NSE All-Share Index also closed up today gaining 0.94 percent to 82.50 points from 81.73 points yesterday. HIGHEST VOLUMES Safaricom…
Interest on 182 Day T-Bill Could Climb Fifth Week Today
If the trend in rising interest rates on the Central Bank of Kenya’s 182 Day Government Treasury Bill in recent weeks is anything to go by, today’s auction of the Treasury securities could see them offer their highest interest in five weeks. For…
Could Diamond Trust Bank Share Face KQ Fate in Rights Issue?
With a rights issue underway, Diamond Trust Bank (DTB) shares could be seeing the start of a strong downward trend similar to what happened to Kenya Airways stock in March this year when the national carrier commenced its own rights issue. On the…
Fuel Price Drop: Blessing or Curse?
The latest fuel price review saw the price of super petrol, diesel and kerosene drop by margins never seen before in ERC’s history of regulating fuel prices. The price of super petrol for instance drop by Ksh 9.21, from Ksh 117.67 to Ksh 108.46, while that of kerosene…
Stocks Watch
At today’s NSE trading, we will be closely observing the following share counters: Diamond Trust Bank – The bank commenced its rights issue yesterday targeted to raise Ksh 1.8 billion shillings through the offer of 24,455,566 new shares according an official disclosure by the bank. The new shares…
Closing Bell – 17 July 2012
At today’s NSE trading, the NSE 20-Share Index closed down 0.45 percent to 3,778.10 points from 3,795.10 points yesterday. Source: FILE HIGHEST VOLUMES Kenya Commercial Bank was the most traded share with 2.96 million shares traded up from 1.7…
Low Ranking Civil Servants Get Pay Rise
133,322 mainstream civil servants and National Youth Service officers get a pay hike after parliament passed Ksh 6.8 billion which was factored in the 2012/2013 budget. The pay increment is the last instalment promised to workers in 2007. As sourced from Nation Media, civil servants in the job…
Factors that Bore An Influence on the ERC Decision to Lower Prices
The latest fuel price review saw the energy regulator (ERC) lower fuel prices by margins never seen before in ERC’s history of regulating fuel prices. The price of super petrol for instance dropped by Ksh 9.21, from Ksh 117.67 to Ksh 108.46, while that of kerosene dropped by…
PesaPortfolio – 17 July 2012
Below is the value of the PesaPortfolio at the close of NSE trading on the 16th July 2012: The PesaPortfolio at the end of NSE trading on the 16th July 2012 At the close of trading yesterday, our PesaPortfolio lost Ksh 995.000 to stand…
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