The Longhorn Listing: What You Need to Know.
The Longhorn Kenya shares yesterday began trading. The share price opened 42% higher than the listing price, KES 20 from a listing price of KES 14.
Stocks Watch – 31 May 2012
DTK, KQ, Longhorn and Scangroup make up or list of to-watch shares today. DTK was up 5.7% in yesterday's trading while Scangroup closed 7.84% higher at KES 55 from KES 51 the previous day.
Forex Trail – 31 May 2012
Below is a table comparing the performance of the Kenya Shilling against major international and regional currencies over the last two trading days; Tuesday 29th and Wednesday 30th May 2012. Currency Date US Dollar Sterling Pound Euro SA Rand KES/USHS KES/TSHS KES/RWF 29/05/2012 85.3958 134.1424 107.5728 10.2703…
Price of Basic Commodities Increase Over The Month of May
Statistics from the Kenya National Bureau of Statistics (KNBS), yesterday, revealed that Consumer Price Indices (CPI) had increased by 0.26 per cent from 133.74 in April 2012 t0 134.09 in May 2012, signifying that May was generally a more expensive month to many as compared to…
Do’s and Don’ts of Buying Land: Involving a Lawyer in a Property Transaction
A property sale is a very sensitive transaction which should be approached with a lot of caution. Many have been tricked into losing their money while buying a piece of property that had been previously sold to someone else. So is a lawyer necessary? One is…
Closing Bell – 30 May 2012
Gainers Price (KES) Change (%) Scangroup Limited 55.00 7.84 Carbacid Investments Limited 110.00 5.77 Diamond Trust Bank Limited 102.00 5.70 NIC Bank Limited 34.50 5.34 Kapchorua Tea Company Limited 130.00 4.84 Losers Price (KES) Change (%) Co-operative Bank of Kenya Limited 13.05 4.40 Jubilee Holdings Limited 170.00 2.86 BOC Kenya…
Inflation Rate Drops
The Kenya National Bureau of Statistics (KNBS) has released Consumer Price Indices (CPI) and rates of inflation for the month of May 2012. KNBS generates the numbers using data collected during the second and third weeks of every month under review to get the CPI. The CPI increased by 0.26 % from…
KQ Announces Eldoret Route
National carrier Kenya Airways has announced the launch of flights to two new destinations – Kilimanjaro in Northern Tanzania and Eldoret in Kenya’s Rift Valley – beginning July. The airline will, from July 2, fly to Kilimanjaro International Airport and twice daily to Eldoret starting July 4. The launch of the…
Changes to the Pesa Portfolio
We have made some changes to the various stocks in the Pesa Portfolio. Rea Vipingo has made an entry while Uchumi and Mumias have been slashed following their movements of late.
Another ATM Theft Technique to Watch Out For
ATM theft is evolving at an alarming rate, as we showed yesterday in our post, Be Warned of This ATM Theft Technique. In this regard, we have taken up the responsibility of informing you of more ATM theft techniques to look out for. Most of these…
Mobile Termination Rates Lowered
The long debated mobile termination rate has been set at Shs. 1.60 by the Communications Commission of Kenya. The regulator had announced earlier that it planned to lower mobile termination rates (MTR) in July from the current Sh2.21 to Sh1.44 a minute. MTR is the amount of money an operator pays…
Train Service To Ease Mombasa Road Traffic
The notorious Nairobi traffic jams could soon be a thing of the past as developments in the railway system takes shape. Yesterday, Kenya Railway Corporation opened the new connection line to the newly refurbished Syokimau sub station. The new line, the first one built by Kenya since…
Stocks Watch – 30 May 2012
At the close of trading at the NSE yesterday, the NSE 20-share index stood at 3,627.64 while the All-share index stood at 78.20. The total shares traded during the day stood at 9.085 million equating to an equity turnover of KES 166.82 million. In today’s trading we will be watching…
Forex Trail – 30 May 2012
Below is a table of the performance of the Kenya Shilling against the major international currencies and the currencies of our neighbouring countries in the last two sessions, Monday 28 May 2012 and Tuesday 29 May 2012. Currency Date US Dollar Euro Sterling Pound SA Rand KESUSHS KESTSHS KESRWF Monday…
What To Look Out For At The CBK Auction
This week, the Central Bank of Kenya (CBK) will auction 91 day and 182 day Treasury bills worth KES 2 billion each. The auction for the 91 day bills will be on Thursday 31st while the 182 day auction will be today, Wednesday 30th May. At the auctions, we will…
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