Stocks Watch – 10 May 2012
As at the close of trading at the NSE yesterday, the NSE 20 share index was down by a very marginal 13.25 points compared to Tuesday, closing at 3,585.93 points up from Tuesday’s 3,599.18. The NSE all-share index maintained its previous position t close at 78.09. The NSE…
National Bank's Day at the NSE
A look at the day National Bank ahs had at the NSE today.
Let Your Shoes Charge Your Phone for You!
Thanks to the rate of technology uptake in Kenya, new innovations are being seen that are changing Kenyans’ lives for the better. From mobile phone applications in the health, agriculture and business fronts to leisure and social arenas, live has been changing for the better. All these developments have an…
Do You Know The True Cost Of Owning That Car?
Cars are selling like hot cake in Nairobi and every Tom Dick and Harry wants to own one since the buying prices are relatively affordable.It is also becoming a status quo thing, where people are simply buying cars to belong, or to earn a certain respect among the…
Kenya Re's Exceptional Performance
On the 23rd of April Kenya Re-insurance Corporation released its financial results for the period ended 31st December 2011. It reported a 24% increase in its profits from KES 1.66 billion to KES 2.036 billion. In light of this, the board of directors recommended a dividend payment of 35cents per…
Safaricom to Open Online Store
Customers outside a Safaricom Shop (Photo: Nigeria News) Mobile operator Safaricom has plans in place to launch an online store that will be a unified online version of the Safaricom Shops. The online store will be a more convenient platform for accessing merchandise that is available…
Closing Bell – 9 May 2012
A snippet of the goings-on at the NSE today.
The Story of The Boy and the Sundae
A story is told, from many years ago when a 10-year-old boy walked up to the counter of a soda shop and climbed onto a stool. He caught the eye of the waitress and asked, “How much is an ice cream sundae?” “Fifty cents,” the waitress replied. The boy reached…
New Health Insurance Tariff Put Off
Contributors to the National Hospital Insurance Fund (NHIF) will continue making contributions of Kshs. 320 for up to three months after the fund suspended its quest to implement a new tariff. Suspension of the tariff comes weeks after the Central Organization of Trade Unions…
Safaricom Results: What to Expect
Safaricom releases its full-year results tomorrow. KES 13 billion in net profits? Not likely.
Most people would rather spend more on food than buy airtime, that is the problem Safaricom had to deal with last year with the rise in inflation.
KenolKobil Might Delist From the NSE
According to the Business Daily, KenolKobil may be delisted from the Nairobi Stock Exchange (NSE) should the deal to sell majority shareholding in the company to firm Puma Energy succeed. Yesterday the firm released a cautionary statement announcing to its shareholders and the general public that the key shareholders…
Loan Defaulters Have Nowhere to Run
In the recent days, borrowers have not only been subjected to high interest loans, but the conditions for borrowing and repayment histories of the borrowers is the new nightmare. Lenders have greatly embraced credit sharing information which has seen a great decline in the amount of bad debts. The information…
KQ Performance After the Rights Issue
The highly publicised Kenya Airways rights issue closed a week and a half ago. For keen investors it would be worthwhile to note the trend the share has been following over this duration. If we consider the performance of the counter before, during and after the rights issue we observe…
Forex Trail – 9 May 2012
Below is a summary how the Kenya shilling traded against major global and regional currencies: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 07/05/2012 83.2703 134.8059 108.171 10.5687 29.5425 19.0225 7.2356 08/05/2012 83.2831 134.7159 108.5593 10.6367 29.7781 18.9835 7.2345 As we can see from the table…
Stocks Watch – 9 May 2012
Limuru Tea yesterday increased 2.5%...that is equivalent to KES 10.
Here's what to expect in today's trading at the NSE.
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