Uchumi yesterday closed at KES 15.50 having opened the session at KES 16.50. Today we will watch the stock, among others, to see if it will remain at that value or if there will be more to the stock.

In last week’s auctions of government securities at the Central Bank of Kenya (CBK) the yields fell on all short term securities on offer; the 91 day and the 182 day Treasury bills. The yield on the 91 day bill stood at 9.865% as compared to the 10.075% seen at…

Businessmen in Moi Avenue’s  Assanand building yesterday lost property of unknown value when a blast brought down the premises in which they operate. The Monday 1315hrs incident left more than 30 people hospitalized with at least four of those in serious condition. The building, which was a host to many…

Gainers Price (KES) Change (%) Express Limited 3.75 4.17 Rea Vipingo Plantations 16.85 3.69 KCB 23.00 3.37 Standard Chartered Bank Limited 180.00 2.86 Eveready East Africa Limited 1.90 2.70 Losers Price (KES) Change (%) Uchumi Supermarkets Limited 15.50 9.88 Sameer Limited 4.30 4.44 British-American Insurance 5.60 4.27 Trans-Century Limited 25.00…

Eng. Philip Gichuki MD, Nairobi Water Company has confirmed that repairs on the supply pipe from Sasuma Dam have been completed and that normal water supply will resume in 36 hours. The water supply pipe was damaged following flash floods from the Aberdare Mountains…

In the last few years, the business of bottling water seemed to have become so lucrative that it attracted so many entrepreneurs to invest in or start up company. The springing up of many bottlers witnessed unscrupulous businessmen who were conning the public by bottling water without inspection. The Kenya Revenue…

According to the weekly bulletin release by the Central Bank of Kenya (CBK) on Friday 25th, the interbank rate (cost at which banks borrow from one another) increased to 18.46% from 15.96% the week before. This increase can be attributed to the tightening of excess liquidity by the CBK…

With May 2012 almost coming to an end, we should expect Kenya National Bureau of Statistics (KNBS) to release Consumer Price Indices (CPI) and rates of inflation for May 2012 by the end of this week. Statistics that will help determine how economic friendly or unfriendly…

The Kenya Shilling continued to lose traction against the USD, down 0.07% in Friday's trading in a week of continuous drops. The shilling gained on the Euro however, continuing the trend that has been going on lately. The gains on the Euro can be attributed to investors converting their holdings to dollar-backed assets from Euro denominated assets in the wake of the renewed economic tensions in Greece and the wider Euro Zone. Not that the Kenya shilling is doing anything extraordinary.

In today’s trading we will be careful to observe the performance of the following counters: Uchumi Supermarkets Limited: at the beginning of last week the share appeared to be very promising gaining consistently over the first few days. However, by the end of the week the share price has dropped…