5 Things You Should Know This Morning – Sep 25
Kenyan shilling firms, stocks down on profit-taking Commercial banks quoted the shilling at 89.05/15 at the 1300 GMT close of trade, compared with Tuesday’s close of 89.15/25. The main NSE-20 Share Index was down 54.65 points, or 1 percent, to close at 5,322.65 points. In the debt market, t bonds valued at 578.3 million…
Sep 24 Closing Bell: BAT Yesterday’s Loser Is Today’s Major Gainer At The NSE
British American Tobacco (BAT) Kenya rebounded from its price loss yesterday to end the day today as the second highest gainer. Its price appreciated 8.41% to KES 883. The cigarette maker was second to Kenya Orchards which rose 8.57% compared to yesterday’s closing price. However, only 100 shares of…
An ‘Uber’ for Kenya? Sendy Is A Startup With A Unique Transport Solution
Uber is a company based in San Francisco, California, United States it connects passengers with drivers of vehicles for hire. This is done via Uber’s smartphone application. Sendy is a start up company that has set out to connect Kenyans with bodabodas (motorcycle taxis) through its mobile app. It offers a…
Sep 24 Morning Bell: Yesterday’s Loser National Bank Now Top Gainer At The NSE
National Bank of Kenya which closed at KES 26.00 yesterday was as at 11.00 am today the top gainer at the NSE, having appreciated 4.81% to trade at KES 27.25. Total Kenya limited was the second appreciating 2.95% from yesterday’s closing price. TPS Serena and Jubilee Insurance have risen by 2.86%…
5 Things You Should Know This Morning – Sep 24
Kenyan shilling edges down due to demand, shares sag Kenya’s shilling weakened on Tuesday due to demand for dollars, particularly by energy importers, and traders. At the 1300 GMT close of trade, leading commercial banks posted the shilling at 89.15/25 to the dollar, down from Monday’s close of 88.80/90. In…
Sep 23 NSE Closing Bell: Liberty Kenya Tops Gainers As NASI Hits 12 Month High
Liberty Kenya maintained its position among the top gainers from morning to end the day 6.67% up from yesterday’s closing price. The Insurer formerly known as CFC Life was second only to Kenya Orchards which gained 8.33% to close at KES 48.00. However, only 100 Orchards shares exchanged hands today. 100…
Will Biometric Passports Reduce Travel Advisories Against Kenya
Western countries such as the USA and the UK have issued travel advisories to their citizens warning them against visiting Kenya. The advisories were issued in after the terrorist attacks in Mpeketoni, Lamu. Data from the Kenya National Bureau of Statistics shows that the number of visitors to…
Kenya Expects Poor Performance From Top Foreign Exchange Earners
Tea, coffee and horticulture, Kenya’s major foreign exchange earners have performed dismally this year largely because of erratic weather patterns and suppressed external demand which has led to reduced export. According to the Kenya National Bureau of Statistics, tea, the country’s biggest cash crop by volume, decreased by a marginal 0.9…
Sep 23 Morning Bell: CIC And Centum Lead The NSE Again
Just like yesterday morning, CIC Insurance and Centum Investments are among the top gainers this morning at the NSE. CIC was the biggest gainer as at 11.50 am, it was 9.73% up at KES 12.40 a share. Centum had gained 9.09% from yesterday’s closing price to sell at KES 84.00. The Insurance sector…
5 Things You Should Know This Morning – Sep 23
Safaricom sounds warning to users of Equity’s thin SIM Telecoms operator Safaricom says it will review its legal commitments to M-Pesa customers who opt to use Equity Bank’s overlay SIM cards, pointing to a new battleground in the mobile money wars involving the two companies. Safaricom’s warning follows a decision…
Is Home Ownership Good For Kenya’s Economy?
In the last month KCB bank has promoted its 105% mortgage finance product. The intention has been to increase home ownership within the Kenyan middle class who feature in the advert. Moreover, Shelter Afrique has financed organisations such as Jamii Bora bank and Kenya Medical Association…
Sep 22 Morning Bell: CIC And Centum Up 9% At The NSE
As at 11.20 am Centum is the biggest gainer at the NSE. It has hit a high of KES 77.50 a 9.95% gain. CIC insurance, which this August completed its bonus issue of shares has hit a high of KES 11.30, a 9.71% gain. The insurance sector dominates the top four…
Closing Bell: How The NSE Was Today
Kenya Orchards ended the day at KES 41.50 as the biggest gainer (9.93%), just as it had been in the morning. Although the number of shares transacted was the minimum possible of 100. Centum which closed at a twelve month high of KES 73.00 was second at 9.77%…
CBK Press Release
This week the Central Bank of Kenya (CBK) offered 91-day Treasury Bills for a total of Kshs. 3 Billion.The total number of bids received was 141 amounting to Kshs. 2.71 Billion, representing a subscription of 90%. Total bids accepted amounted toKshs. 2.22 Billion. The market weighted average rate was 8.770 %, and the weighted average of…
The NSE This Morning
Here is the brief on how the shares market is performing this morning (11.30 am). The biggest gainer is Kenya Orchards currently selling at KES 41.5 a 9.93% rise over the last price of KES 37.75. Although the number of shares exchanged is the minimum 100 shares that…
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