Stocks Watch – 22 June 2012
At the close of trading at the NSE yesterday, the NSE 20-share index stood at 3,682.24 while the All-share index stood at 80.83. The total number of shares traded stood at 21.71 million in 1,603 deals. The equity turnover stood at KES 439.4 million. In today’s trading we will be…
Kapchorua Loses 3 Shillings in Trading
The Kapchorua Tea share yesterday lost 3 shillings in trading to close at KES 144 from the previous close of KES 147, a 2.04% drop in value on the share.
What the Euro Zone Crisis Means for Kenya
Have you ever wondered why a “debt crisis” in distant European countries matters to us all the way in Kenya? Or why the greedy actions of a handful of financial institutions on Wall Street in the US can have adverse effects on our daily lives? The answer lies in the…
BAT Gains 3 Shillings in Trading
The BAT share has risen by over 7% (KES 24) in the NSE in the last one month. Yesterday the share rose by KES 3 to close at KES 363.
Closing Bell – June 21 2012
Image source: FILE Image source: FILE Kenya Airways shares traded the highest with 3.94 million shares exchanging hands. The share price dipped 10 cents (-0.75%) to close at KES 13.20. Safaricom came in second with 3.43 million shares…
Angukia Hao 1st Mini Draw
“Angukia Hao na Ecobank”, a deposit mobilization campaign by Ecobank has entered its first leg. The bank will tomorrow, Friday 22nd June 2012 conduct the 1st mini draw winners’ award ceremony with the grand draw two months away. Angukia hao Promotion is targeting existing and potential…
World Bank: Kenya’s Economy Stabilizing but Still Vulnerable
The latest World Bank economic report on Kenya states that Kenya’s economy is gradually recovering from last year’s shock and is expected to grow at 5 percent in 2012. The report though notes that the economy remains vulnerable to domestic and shocks that may reduce growth to 4.1…
Kenya Airways Rights Shares Listed on NSE
KQ's rights shares have began trading on the Nairobi Securities Exchange. There are now an extra 1.03 billion Kenya Airways shares.
KenolKobil Suspension Lifted, Share Hits 6 Year High
Yesterday the NSE, through its CEO, announced that the suspension from trading on the KenolKobil share had been lifted. The share resumed trading at KES 12.50, the level at which it was suspended. The suspension, which lasted six weeks, had been instituted to allow the company to discuss and deliberate…
KPRL New Status to Make Fuel and LPG Cheaper
Kenya Petroleum Refineries Ltd (KPRL) will start importing its own crude for processing beginning July this year. This is after the Mombasa based refinery was given a Ksh. 21.2 billion loan from Standard Chartered Plc. KPRL which has been refining petroleum products on behalf of marketers will…
CBK Rejects 89% of Bids Received
The Central Bank of Kenya, in its capacity as fiscal agent for the Republic of Kenya, offered for sale a new 10-year fixed coupon (fixed payment) bond intended for budgetary support purposes. This seems to be in line with the KES 106 billion the government seeks to borrow from…
The Scam: Fake Estate Agents
Searching for an affordable and ideally located house to rent can be very stressful. Many spend months searching for a house and with every disappointment comes despair, lowering of expectations and guard and subsequently resulting in one accepting to settle for less. Some of you might…
Yield on 182 Day Bills Rises
Yesterday the Central Bank of Kenya (CBK) auctioned 182 day bills worth KES 2 billion. The bank received bids worth KES 1.17 billion representing a subscription of 59%. The bank accepted all bids received. The yield on the 182 day bills now stands at 10.857% up from 10.737% at the…
Bamburi Gains 7 Shillings in Trading
The Bamburi Cement share yesterday rose 4.49% in trading, a KES 7 gain to close at KES 163 from the previous day's close of KES 156.
Agent Banking: Services They Offer You
Banks are finally realizing the benefits of agent banking, with NIC and Family Bank being the latest entrant in the agent banking sector. Agent banking is a form of business conducted by an agent on behalf of a bank. Agent banking came into place following the…
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