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…
8 Things You Should Know This Morning
A couple of things you are waking up to this morning: 1. I&M Bank buys into Rwandan lender Nation 2. M-PESA enhancing,not replacing banks Think-Mpesa 3. CIC market value rises by 57 pc Business Daily 4. Nation’ sacco obtains arrest warrants on loan…
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…
Independent Oil Marketers Cry Foul Over High Wholesale Prices
Independent oil marketers have raised concerns that wholesalers are supplying fuel to them at high prices despite the Energy Regulatory Commission announcing a price reduction last Saturday. This is threatening to create a shortage of fuel especially in regions serviced by independent fuel dealers countrywide,…
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…
Diamond Trust Plans to Expand its Reach
“Diamond Trust Bank (DTB) plans to open new branches in other parts of Africa,” the bank’s General Manager, Alkarim Jiwa told the media during yesterday’s cash call. The bank has its sights set on Mozambique, South Sudan, Madagascar, The Democratic Republic of Congo and Rwanda to add to…
My Money in My Twenties: Financial Decisions
Your twenties signify an important point in your life, one that will definitely shape your financial future. It's while in your twenties that you will probably land yourself a career, get your own place and perhaps start making decisions in regard to marriage and family. Financial decisions you make while in your twenties will to a large extent shape your financial future.
Housing Finance Posts Profit in 2nd Quarter
Housing Finance has reported a net profit of KES 250.3 million in the second quarter of the period ending June 30th. The 3.5% growth from the previous years’ same period results where the company posted KES 41.8 million is the slowest growth since 2008 when the mortgage lender’s half-year net profit…
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…
Nairobi Ranked 8th Most Popular Destination in Africa and Middle East
Nairobi has been named one of the most popular destination cities in Africa, standing in the 8th position among the top 10 international visitors to the Middle East and Africa. This was revealed in the 2012 MasterCard Global Destination Cities Index. The Index, now in…
CIC Trades 25% of Its Shares
CIC Insurance is set to list over 2 billion shares at the NSE today. The float will be traded at a listing price of Ksh3.50. The company is listing by introduction in a bid to offload some of its shares. Only 25.7% of the shares will be available…
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…
8 Things you should know this Morning
Here is a couple of things you are waking up to 1. The implementation of the new rates at which mobile operators pay each other for calls originating from rival network has run into hurdles after operators emerged with fresh demands, sending the government back to the drawing board.
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…
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