Closing Bell: CIC Insurance Limited Top Gainer as Kapchorua Tea Company Ltd Declines
CIC Insurance Limited Top Gainer as Kapchorua Tea Company Ltd Declines CIC Insurance Limited (CIC) was the top gainer of the day. It gained 8.82% to close at KES 7.40 which was a KES 0.60 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser of the…
EABL records 9pc sales growth on uptake of spirits
EABL records 9pc sales growth on uptake of spirits Beer maker EABL recorded a nine per cent growth in net sales for the full year to June, a statement released by the UK parent company Diageo showed Thursday.East African Breweries Limited’s full-year earnings were primarily…
Closing Bell: Kapchorua Tea Company Ltd Top Gainer as Kenya Airways Limited Declines
Kapchorua Tea Company Ltd Top Gainer as Kenya Airways Limited Declines Kapchorua Tea Company Ltd (KAPC) was the top gainer of the day. It gained 10% to close at KES 242.00 which was a KES 22.00 gain in share price. Kenya Airways Limited (KQ) was the top loser of the…
KRA intensifies war with manufacturers over excise tax
KRA intensifies war with manufacturers over excise tax The Kenya Revenue Authority (KRA) has intensified its war with manufacturers over the payment of excise tax, putting at risk millions of jobs and billions of shillings in tax revenues.The Kenya Association of Manufacturers (KAM) – the industry…
Closing Bell: Kapchorua Tea Company Top Gainer as Kenya Commercial Bank Ltd Declines
Kapchorua Tea Company Top Gainer as Kenya Commercial Bank Ltd Declines Kapchorua Tea Company Ltd (KAPC) was the top gainer of the day. It gained 10% to close at KES 220.00 which was a KES 20.00 gain in share price. Kenya Commercial Bank Ltd (KCB) was the top loser of…
Jubilee overtakes Britam in market valuation at NSE
Jubilee overtakes Britam in market valuation at NSE Jubilee Holdings has overtaken Britam to become the most valued insurer at the Nairobi Securities Exchange for the first time since October 2013.The composite underwriter now has a market valuation of Sh33.5 billion compared to Britam’s Sh31.1…
Closing Bell: National Bank Of Kenya Ltd Top Gainer as Kakuzi Limited Declines
National Bank Of Kenya Ltd Top Gainer as Kakuzi Limited Declines National Bank Of Kenya Ltd (NBK) was the top gainer of the day. It gained 12.86% to close at KES 21.50 which was a KES 2.45 gain in share price. Kakuzi Limited (KUKZ) was the top loser of the…
Growth in housing market cooling off, says KBA
Growth in housing market cooling off, says KBA Prices of property increase marginally in the second quarter of the year amid rising inflation and tight liquidity.The property market is showing signs of cooling off with house prices only rising marginally in the second quarter of…
Closing Bell: Housing Finance Top Gainer as BAT Kenya Declines
Housing Finance Top Gainer as BAT Kenya Declines Housing Finance Company Limited (HFCK) was the top gainer of the day. It gained 9.64% to close at KES 22.75, which was a KES 2.00 gain in share price. British American Tobacco (BAT) was the top loser of the day. It had…
KRA stopped from closing Keroche as excise tax licence renewal dispute rages
KRA stopped from closing Keroche as excise tax licence renewal dispute rages Keroche Breweries has obtained court orders temporarily stopping the Kenya Revenue Authority (KRA) from shutting down its business following its refusal to renew it excise tax licence for the current financial year.The taxman had…
KCB to set aside Sh1bn for Kenyan start-ups
KCB to set aside Sh1bn for Kenyan start-ups KCB has pledged Sh1 billion to fund start-ups following calls for financial institutions to match the government’s allocation to several entrepreneur seed funds. Chief executive Joshua Oigara made the announcement when he moderated an entrepreneurship panel discussion at…
Closing Bell: Express Kenya Top Gainer as Liberty Kenya Declines
Express Kenya Top Gainer as Liberty Kenya Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 7.92% to close at KES 5.45, which was a KES 0.40 gain in share price. Liberty Kenya Holdings (CFCI) was the top loser of the day. It had a…
Investor losses hit Sh120bn as NSE falls to two-year low
Investor losses hit Sh120bn as NSE falls to two-year low Local investors have been cautious when buying shares of the risk of getting locked into higher buying prices at a time the market is on a downward trend. This means the market has been denied an…
Closing Bell: National Bank Top Gainer as Carbacid Investments Declines
National Bank Top Gainer as Carbacid Investments Declines National Bank of Kenya (NBK) was the top gainer of the day. It gained 9.85% to close at KES 18.40, which was a KES 1.65 gain in share price. Carbacid Investments was the top loser of the day. It had a…
Levy increase set to push up petroleum prices next month
Levy increase set to push up petroleum prices next month The cost of petroleum is expected to rise sharply beginning mid-August when the energy sector regulator, the ERC, is expected to add Sh6 roads maintenance levy on every litre of petrol sold at the pump. At…
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