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…
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…
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