Stocks Watch – 11 May 2012
A summary of what to look out for in today's trading at the NSE.
Safaricom will be one to watch. Yesterday's results announcement should drive up the share price.
Eyes should also be on Unga Group. The share price rose the maximum 10% in yesterday's trading.
Equity Bank May List Overseas
According to Reuters, Equity Bank could consider listing overseas as their rapid, exponential expansion puts the company in danger of outgrowing the Nairobi Stock Exchange’s capacity in terms of liquidity and efficiency constraints. Equity is Kenya’s second largest bank in terms of profitability and their loan book, has operations…
Forex Trail – 11 May 2012
Below is the performance of the Kenyan Shilling against major world and regional currencies as compared to the day before: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 09/05/2012 83.2831 134.7159 108.5593 10.6367 29.7781 18.9835 7.2345 10/05/2012 83.3972 134.6141 108.0031 10.4418 29.8572 18.8856 7.2247 As we…
Looking For a Sweet Share To Buy? Try Mumias.
The Mumias Sugar Company stock is a very interesting one, no offence to the Kenya Orchards share (see Kenya Orchards’ 2011 results here). The share has been pretty active lately. Interestingly, the share picked up steam at the Nairobi Securities Exchange right after the company announced…
Boda Boda to Pay Taxes
Cooperative Development and Marketing minister Joseph Nyagah, says his ministry is developing a law that would see motorcycle taxis, commonly known as boda boda pay taxes. (Daily Nation) In a bid to control the fast growing division of public transport, the minister says they are proposing…
Safaricom's Profits: 3rd Year in a Row That Profits Are Dropping
For the third consecutive year Safaricom's net profits have dropped. While that is not a very enouraging statistic, not all is sad and gloomy at Safaricom House. Things are pretty good in fact.
Closing Bell – 10 May 2012
Gainers Price (KES) Change (%) Unga Group 12.10 10.00 Marshalls E.A Limited 13.50 7.14 Uchumi Supermarkets Limited 15.50 3.33 Standard Group Limited 24.00 3.23 Eveready East Africa 1.65 3.13 Losers Price (KES) Change (%) AccessKenya Group 4.35 9.38 Total Kenya Limited 14.60 2.67 Equity Bank 20.00 2.44 Standard Chartered Bank…
Should You Get a Beba Card?
Seems like every money transaction service now has a smart card, from your fuel card to your Bank account’s ATM card. Plastic money is now becoming a common thing. Just as you would find a “Visa Card Accepted Here” sign in almost every supermarket, you will…
Where Do You Turn To When The Taps Run Dry?
Be prepared to dig deeper into your pocket as taps run dry for five days. This comes after the supply pipe from Sasuma Dam got damaged last night following the heavy rains that have been encountered lately. Click here for a list of affected…
Heavy Rains Cut Down Electricity Bills
You will pay lower power bills this month and a couple of the next if the weatherman’s predictions are anything to go by. The heavy rains have filled four power generating dams to capacity and the fifth dam is expected to spill in a weeks time if the rain intensity…
Are You Keeping Track Of Your Credit Score?
We all dream of owning a house, a car or even start our own company; all these require a strong financial base which our current financial status might not support. Banks and other credit lending institutions have come in to help us realize these dreams but recent events…
Results of Yesterday's CBK Auction
Yesterday the Central Bank of Kenya (CBK) auctioned 182 day and 364 day Treasury bills worth KES 4 billion. For the shorter dated bill the bank received 145 bids amounting to KES 4.6 billion which represents a subscription of 232%. For the one year bill, the bank received 126 bids…
The Safaricom's 2011/2012 Results
Safaricom's 2011/2012 Profits - It's Going Down.
Profits dropped 4% to KES 12.63 billion.
The firm spent 26 billion in capital expenditures, the same they spent on operating expenditures like advertising.
Updated List of Places Affected by Water Shortage
Nairobi residents will go for 5 days(update: 2 weeks) without water after the water supply pipe from Sasuma Dam was damaged following the heavy rains that have been encountered lately. Areas affected by water shortage include: Karen Lavington Westlands Parklands Spring Valley Kitusuru Loresho…
Forex Trail – 10 May 2012
The Kenya Shilling lost some ground against the US $ yesterday. It however recorded gains against the Euro, the SA Rand and the Queen's currency.
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