Nairobi stock market valuation falls below the Sh2 trillion mark
Nairobi stock market valuation falls below the Sh2 trillion mark Shareholder wealth at the Nairobi Securities Exchange slipped below the Sh2 trillion mark Thursday as large counters recorded price drops. The drop in share prices has created good bargains for investors looking to enter the market.
Closing Bell: Crown Paints Kenya Limited Top Gainer as East African Portland Cement Company Declines
Crown Paints Kenya Limited Top Gainer as East African Portland Cement Company Declines Crown Paints Kenya Limited (BERG) was the top gainer of the day. It gained 9.48% to close at KES 63.50 which was a KES 5.50 gain in share price. East African Portland Cement Company (PORT) was the…
Equity brokerage arm gains most in 2015
Equity brokerage arm gains most in 2015 Equity Investment Bank’s partnership with UK’s Exotix Partners helped push it up the ladder in 2015, leaving it among market leaders with strong foreign trading desks. EIB had 4.49 per cent market share in 2014, ranking the firm eighth among the 19 brokers…
Closing Bell: Atlas Development and Support Services Ltd Top Gainer as East African Portland Cement Company Declines
Atlas Development and Support Services Ltd Top Gainer as East African Portland Cement Company Declines Atlas Development and Support Services Ltd (ADSS) was the top gainer of the day. It gained 10% to close at KES 2.20 which was a KES 0.20 gain in share price. East African Portland Cement…
Vodafone launches M-Pesa Ghana in Africa expansion bid
Vodafone launches M-Pesa Ghana in Africa expansion bid UK telecommunications company Vodafone, which holds a 40 per cent stake in Safaricom, has launched M-Pesa services in Ghana —completing the spread of mobile money in all African countries where the British firm has a presence.
Closing Bell: Home Afrika Ltd Top Gainer as Williamson Tea Kenya Limited Declines
Home Afrika Ltd Top Gainer as Williamson Tea Kenya Limited Declines Home Afrika Ltd (HAFR) was the top gainer of the day. It gained 9.09% to close at KES 1.80 which was a KES 0.15 gain in share price. Williamson Tea Kenya Limited (WTK) was the top loser of the…
India-based cement giant eyes Sh12.7bn majority ARM stake
India-based cement giant eyes Sh12.7bn majority ARM stake India’s largest cement manufacturer UltraTech Cement is in the race to acquire a controlling stake in Nairobi Securities Exchange-listed ARM Cement, in which it could buy convertible preference shares of up to $125 million (Sh12.7 billion). UltraTech is…
Closing Bell: Olympia Capital Holdings Ltd Top Gainer as Williamson Tea Kenya Limited Declines
Olympia Capital Holdings Ltd Top Gainer as Williamson Tea Kenya Limited Declines Olympia Capital Holdings Ltd (OCH) was the top gainer of the day. It gained 9.52% to close at KES 4.60 which was a KES 0.40 gain in share price. Williamson Tea Kenya Limited (WTK) was the top loser…
Jambojet seeks pilots amid KQ labour case
Jambojet seeks pilots amid KQ labour case Jambojet is seeking new pilots for its fleet, signalling possible expansion plans for the airline even as its parent, Kenya Airways, faces a court case over the mode of employing flight crews. The airline in March sparked a court row with KQ pilots…
Closing Bell: Standard Group Limited Top Gainer as Express Kenya Limited Declines
Standard Group Limited Top Gainer as Express Kenya Limited Declines Standard Group Limited (SGL) was the top gainer of the day. It gained 9.73% to close at KES 31.00 which was a KES 2.75 gain in share price. Express Kenya Limited (XPRS) was the top loser of the day. It…
KCB signs deal with Tuskys for advance pay of suppliers’ bills
KCB signs deal with Tuskys for advance pay of suppliers’ bills Kenya Commercial Bank has signed a financing facility with retailer Tuskys Supermarkets that will see suppliers get payment before their invoices fall due. KCB is the second bank to enter into such a partnership with…
Closing Bell: Express Kenya Limited Top Gainer as Home Afrika Ltd Declines
Express Kenya Limited Top Gainer as Home Afrika Ltd Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 10% to close at KES 4.95 which was a KES 0.45 gain in share price. Home Afrika Ltd (HAFR) was once again the top loser of the…
Centum seeks more shares of Coca-Cola bottling firms
Centum seeks more shares of Coca-Cola bottling firms NSE-listed investment company Centum is set to buy more shares in Almasi Beverages, signalling its intention to possibly take full ownership of the holding company of three Coca-Cola bottlers that it owns. Centum has made a limited offer…
Closing Bell: Sameer Africa Limited Top Gainer as Home Afrika Ltd Declines
Sameer Africa Limited Top Gainer as Home Afrika Ltd Declines Sameer Africa Limited (FIRE) was the top gainer of the day. It gained 10% to close at KES 4.40 which was a KES 0.40 gain in share price. Home Afrika Ltd (HAFR) was the top loser of the day. It…
Competition hots up for KQ as Fastjet enters Nairobi
Competition hots up for KQ as Fastjet enters Nairobi Low-cost carrier Fastjet is set to launch Tanzania to Nairobi flights on Monday, stepping up competition for Kenya Airways (KQ) and its associate Precision Air which also fly the same routes. Fastjet has announced daily flights from…
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