Our Projected Decline in Fuel Pump Prices
Here is our projected pump prices for the period between 15th June 2012 to 15th July 2012
CIC Insurance to List on the NSE
The CIC Insurance Group has received approval to list 2.1 billion shares to be sold at KES 3.50
PesaPortfolio – 12 June 2012
Below is the value of our portfolio as at the close of trading on Monday: Share Price (KES) Portfolio value (KES) Share Market Segment Units Latest Previous Latest Previous Mumias Sugar Company Manufacturing and allied 1,350.00 5.90 5.80 7,965.00 7,830.00…
Forex Trail – 12 June 2012
Below is a table showing the performance of the Kenya Shilling against the major international currencies and the currencies of our neighboring countries in the last two sessions, Friday 8 June and Monday 11 June, 2012. Currency US Dollars Euro Sterling Pounds SA Rand KES/USHS KES/TSHS KES/RWF Date 8/6/2012…
KCB Dominates at the NSE
The KCB share was the most active in yesterday’s trading session at the Nairobi Securities Exchange with 4.017 million shares traded in 103 bids. The counter dominated trading at the market, accounting for 37% of the 10.86 million shares traded and 56.5% of the total equity…
Stocks Watch – 12 June 2012
At the close of trading at the NSE yesterday, the NSE 20-share index stood at 3,657.01 while the All-share index stood at 78.43. The total number of shares traded stood at 10.855 million in 1186 deals. The equity turnover stood at KES 163.55 million. In today’s trading we will…
Mututho Laws, Have They Impacted Negatively?
When the Alcoholic Drinks Control Act of 2010, famously known as the Mututho laws (after the sponsor Naivasha MP John Mututho) was enacted, it introduced sanity and control in terms of drinking hours. However, there have been concerns raised about how the Act impacted uptake of illicit brews and the…
My Money in My 20’s
You got to realize that when I was 20 years old, I had a house, a Mercedes, a Corvette and a million dollars in the bank before I could buy alcohol legally – Dr Dre Your twenties signify an important point in life, one that could…
UAP to Venture into Real Estate
Insurace firm UAP‘s plans to venture into new markets in the region are well under way. The firm received capital injection of Ksh4.7 billion ($55 million) from a group of investors which will enable it to expand in the region. The investment deal has now altered previous shareholding to…
The Shilling Set to Gain
In the last few weeks the Kenya shilling has slipped against the US Dollar in an almost steady fashion. Our local currency hit a five month low of almost KES 88 per US Dollar. This declined seemed to nullify the gains the CBK has made since the beginning of the…
NSE Opens to Increased Trading
The NSE opened this morning to increased trading. There seems to be no Monday blues for traders at the stock exchange today.
PesaPortfolio – 7 June 2012
Below is the value of our portfolio as at the close of trading at the NSE on Friday: Share Market Segment Units Latest Share price (KES) Previous Price (KES) Current portfolio value (KES) Previous portfolio value (KES) Mumias Sugar Company Manufacturing and allied 1,350…
State of Kenya's Financial Sector
In the following video, ABN’s Ken Kariuki talks about the state of Kenya’s financial sector in light of the high interest rates, increase in government expenditure and the widening current account deficit. Source: ABN…
International Crude Oil Prices Drop by 8.75%
It’s now official that international crude oil prices have dropped. Figures from Abu Dhabi National Oil Company, Kenya’s source for Murban Crude oil, show that the price of Murban crude oil has dropped by 8.75 per cent to retail at 110.60 USD per barrel in May…
BOC Drops 5 Shilings In Trading
The BOC Gases share lost KES 5 (4.35%) in Friday's trading.
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