Forex Trail – 7 June 2012
Below is a table showing the performance of the Kenya Shilling against major international currencies as well as the currencies of our neighbouring countries in the last two sessions, Tuesday 5 and Wednesday 6 May 2012. Currency US Dollars Euro Sterling Pounds SA Rand KES/USHS KES/TSHS KES/RWF Date 05/06/2012 86.1167…
Williamson Gains 8 Shillings in Trading
The Williamson Tea stock rose 2.93% in trading yesterday. The share rose 8 shillings to close at KES 281. With just 900 shares trading.
Stocks Watch – 7 June 2012
Standard Group, Williamson Tea and Scangroup make our list of stocks to watch in today's trading:
- Standard Group was the biggest gainer in yesterday's trading.
- Williamson Tea gained KES 8 in yesterday's trading.
- Scangroup has grown 34% in the last 6 months to yesterday.
Less Maize Imports, Lower Prices
The Government last week announced that it has reduced its maize importation projections from 300,000 bags (Estimated to cost KES 1 billion) to 100,000 bags. This will significantly reduce government expenditure for the next couple of months, plus ease maize prices. We have compiled some potential…
Closing Bell – 6 June 2012
Gainers Price (KES) Change (%) Longhorn Kenya Limited 20.00 9.59 Standard Group Limited 24.00 7.87 ScanGroup Limited 55.00 7.84 PanAfrica Insurance Holdings 31.50 5.00 Williamson Tea Kenya 285.00 4.40 Losers Price (KES) Change (%) Express Limited 3.70 5.13 Kapchorua Tea Company 130.00 4.41 Crown Berger Limited 32.00 2.29 Uchumi Supermarkets…
Barclays Shareholder's Dividend Up 10%
Barclays Bank of Kenya shareholders at the Annual General Meeting held today approved a final dividend of Kes. 1.30 per share which when taken together with the interim dividend of Kes. 0.20 paid in October 2011, brings the total dividend payout for the year 2011 to Kes.
Pesa Portfolio – 6 June 2012
Below is a table showing the Pesa Portfolio using yesterday’s closing prices of the Nairobi Securities Exchange. Share Price (KES) Portfolio value (KES) Share Market Segment Units Latest Previous Latest Previous Mumias Sugar Company Manufacturing and allied 1,350 5.70 5.75 7,695 7,763 Housing Finance Company Limited Banking 1,100…
BAT Loses 12 Shillings in Trading
3.36 percent. Not too much huh? Well, BAT, lost 3.36% in yesterday's trading. That tiny, little, miniscule 3.36% drop is all of 12 shillings.
StanChart Offers 16.9% Interest On Mortgage Transfers
Standard Chartered Bank (Kenya) will be offering mortgages at 16.9% on mortgages transfered from other banks. The rate will be applicable to mortgages transfered only. The promotion will run up to the end of July in the bank’s bid to raise its mortgage book. This has come at a time…
Safaricom Lowers Cross Network Calling Rates
Safaricom Limited has today unveiled a promotion that lowers its cross network calling rates from KES 5 per minute to KES 4 per minute. The new rates take effect from 6th June 2012 to 5th July 2012, after which normal cross network calling rates will be…
Could you be Paying for Someone's Holiday Unknowingly?
Its good to note that our new weekly feature, The Scam, which we put up in the beginning of the week, is off to a good start by the response we have received. Our first scam feature was about a woman who visited Mombasa sometime…
Inflation Down, Shilling Weakening, CBR Stays.
The Central Bank Rate has been maintained at 18 percent for the sixth straight month while inflation has dropped to 12.22%
So why has the CBK decided to maintain the Central Bank Rate at 18 percent? One word: Europe.
Barclays Launches 'Mega Billionaire' Promotion
Barclays Bank of Kenya yesterday launched a 5 month promotional campaign dubbed the “Barclays Mega Millionaire”. The campaign is aimed at encouraging Barclays account holders to grow their deposits and develop a savings culture as a way to empower them both socially and economically. The promotion will see…
KQ Postpones Rights Results Announcement
Kenya Airways was expected to announce the results of its KES 20 billion rights issue today. This announcement has been postponed to the 8th of June. The rights issue has been the biggest cash-call in the East African stock markets with nearly 1.5 billion…
City Council to Take Over Central Bank, Police and Parliament Parking Lots
The City Council of Nairobi has warned that it will be taking over control of parking lots of state organs that owe them large amounts of money in unpaid rates and other charges. The City Council has named Central Bank of Kenya, Vigilance House and Parliament as some of the…
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