Africa's Top 10 Wealthiest
Here is an infographic depicting Africa’s top 10 wealthiest according to data from Forbes Source: afrographique…
Pesa Portfolio – 8 June 2012
A look at how the Pesa Portfolio has performed following yesterday's closing prices at the Nairobi Securities Exchange.
National Bank Has a New Managing Director
Mr. Munir Sheikh Ahmed has been appointed the new managing Director of the National Bank of Kenya. In a letter to the Nairobi Securities Exchange dated 7th of June, the outgoing Managing Director informed the Capital Markets Authority and Nairobi Securities Exchange about the Development. Mr Munir…
KQ Rights Issue Results
Kenya Airways has released the results for the recently concluded rights issue. After several postponements, the KQ results have been released, featuring predominantly in the major dailies this morning. Of the 1.477 billion shares in offer, 70.06 percent of the shares were taken up by shareholders. The company…
Stocks Watch – 8 June 2012
At the close of trading at the NSE yesterday, the NSE 20-share index stood at 3,651.27 while the All-share index stood at 78.62. The total number of shares traded stood at 9.744 million in 1141 deals. The equity turnover stood at KES 203.302 million. In today’s trading we will be…
The Hustle of Buying Electricity Tokens
When Kenya Power (KP) introduced pre-paid meters its consumers anticipated relief given the many problems associated with post-paid meters. The Post-Paid system had been blamed for not returning account deposits, consumers having no control over their consumption, unpleasant disconnection, high reconnection fees, corruption during…
Top Movers at the NSE Close Unmoved
The top 5 moving shares on the Nairobi Securities Exchange closed unmoved with their prices staying as they were yesterday.
Forex Trail – 8 June 2012
The Kenya Shilling lost against the Euro, the Sterling Pound and the South African Rand yesterday. The Shilling however gained 0.161% against the US Dollar to trade at an average of KES 85.5111 yesterday.
You Can Now Renew Driving License at any NBK
Driving License holders across the country can now renew their driving licenses at any National Bank of Kenya (NBK) branch countrywide. Kenya Revenue Authority has partnered with National Bank whose widespread branch network will bring the service closer to the people. National Bank of Kenya has branches across the country…
Closing Bell – 7 June 2012
Gainers Price Change Longhorn Kenya Limited 20.00 +8.99 Diamond Trust Bank Kenya 104.00 +6.12 TransCentury Limited 25.50 +5.15 Kapchorua Tea Company 136.00 +4.62 Standard Group Limited 25.00 +4.17 Losers Price Change Eveready East Africa 1.90 -5.00 Unga Group 12.35 -4.26 Rea Vipingo Plantations Limited 16.05 -3.31 Sameer…
Longhorn Trading at KES 18.35
The Longhorn share price has appreciated 31% since listing on the NSE from KES 14 to KES 18.35 as of yesterday. It has been on the NSE a week. That is not bad at all.
KQ Rights Rumoured to be Under-Subscribed
Analysts say the KQ Rights Issue has been undersubscribed with just 77% uptake of the shares. That means an excess of over 300 million shares would not have been taken up.
Airtel Joins Battle for Subscribers with New Offer
Safaricom Ltd yesterday reduced its off-net calling rates from KES 5 to KES 4 per minute, in promotional offer valid from 6th June 2012 to 5th July 2015. Airtel, Kenya’s second largest mobile service provider, has joined this battle for…
Bills Undersubscribed, Yield Edges up Marginally
Yesterday the Central Bank of Kenya (CBK) auctioned 182 day and 364 day Treasury bills worth KES 2 billion each. For the 182 day ones the bank received 73 bids amounting to KES 283 million. This represents a subscription rate of 14%. All the bids were accepted. For the 364…
PesaPortfolio – 7 June 2012
Below is the value of our portfolio as at the close of trading at the NSE yesterday: 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 5.75 5.70 7,762.50 7,695.00 Housing Finance Company…
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