Closing Bell: Kakuzi Limited Top Gainer as East African Portland Cement Declines
Kakuzi Limited Top Gainer as East African Portland Cement Declines Kakuzi Limited was the top gainer of the day. It gained 5.88% to close at KES 360.00, which was a KES 20.00 gain in share price. East African Portland Cement (PORT) was the top loser of the day. It had…
Equity stock unit beats six rivals in NSE share trades
Equity stock unit beats six rivals in NSE share trades Equity Investment Bank (EIB) jumped to second place in stockbrokers’ equity trades on the Nairobi Securities Exchange (NSE) in the first half of the year, replacing Russian-owned Renaissance Capital (Rencap) that held the position at…
Closing Bell: TransCentury Limited Top Gainer as Pan African Insurance Declines
TransCentury Limited Top Gainer as Pan African Insurance Declines TransCentury Limited was the top gainer of the day. It gained 9.90% to close at KES 16.65, which was a KES 1.50 gain in share price. Pan African Insurance (PAFR) was the top loser of the day. It had a loss…
Equity steps up competition for mobile money customers with cheaper transfer service
Equity steps up competition for mobile money customers with cheaper transfer service Equity Bank has stepped up competition for mobile money customers by making it free for its subscribers to send money to Airtel subscribers and within its network while capping fees charged on transfers to…
Closing Bell: Eveready East Africa Top Gainer as Express Kenya Declines
Eveready East Africa Top Gainer as Express Kenya Declines Eveready East Africa Limited (EVRD) was the top gainer of the day. It gained 7.32% to close at KES 4.40, which was a KES 0.30 gain in share price. Express Kenya Limited (XPRS) was the top loser of the day. It…
Coffee price improves as trading resumes at Nairobi Coffee Exchange
Coffee price improves as trading resumes at Nairobi Coffee Exchange The Nairobi Coffee Exchange (NCE) resumed operations last week from a one-month recess with the price of the beverage registering a slight improvement from the last sale.A 50-kilogramme bag of coffee fetched Sh15,000 compared to the…
Banks seek to knock out class action suit at Supreme Court
Banks seek to knock out class action suit at Supreme Court Commercial banks have launched a fresh assault in their protracted battle against a potentially devastating class action suit in which hundreds of their clients are seeking compensation for interest rates charged on loans without the…
Closing Bell: Eveready East Africa Top Gainer as CfC Stanbic Declines
Eveready East Africa Top Gainer as CfC Stanbic Declines Eveready East Africa (EVRD) was the top gainer of the day. It gained 7.32% to close at KES 4.40, which was a KES 0.30 gain in share price. CfC Stanbic Holdings (CFC) was the top loser of the day. It had…
Mumias Sugar closed for maintenance work
Mumias Sugar closed for maintenance work Mumias Sugar Company has temporarily suspended operations for urgent maintenance work.Outgoing managing director Coutts Otolo Thursday said the month-long break will enable them fix equipment which had contributed to the company’s poor performance due to inconsistency in maintenance…[…] PwC roots for SMEs role…
Closing Bell: CfC Stanbic Top Gainer as Housing Finance Kenya Declines
CfC Stanbic Top Gainer as Housing Finance Kenya Declines CfC Stanbic Holdings (CFC) was the top gainer of the day. It gained 8.41% to close at KES 116.00, which was a KES 9.00 gain in share price. Housing Finance Kenya (HFCK) was the top loser of the day. It had…
Nairobi bourse sheds 3pc value in a fortnight
Nairobi bourse sheds 3pc value in a fortnight The stock market has shed three per cent in value so far this month to slip below the 4,700 point level for the first time in 22 months.The Nairobi Securities Exchange (NSE) has been weighed down by continued…
Closing Bell: TransCentury Limited Top Gainer as Centum Investments Declines
TransCentury Limited Top Gainer as Centum Investments Declines TransCentury Limited (TCL) was the top gainer of the day. It gained 9.97% to close at KES 16.00, which was a KES 1.45 gain in share price. Centum Investments Company (ICDC) was the top loser of the day. It had a loss…
Overvalued shilling may hit 110 to the dollar by year end
Overvalued shilling may hit 110 to the dollar by year end Economists says Kenya’s real effective exchange rate (REER) is 20 per cent overvalued and forecasted that the currency is headed for 110 units to the dollar by the end of the year. The REER…
Closing Bell: Kakuzi Limited Top Gainer as Pan African Insurance Declines
Kakuzi Limited Top Gainer as Pan African Insurance Declines Kakuzi Limited (KUKZ) was the top gainer of the day. It gained 10.00% to close at KES 363.00 which was a KES 33.00 gain in share price. Pan African Insurance Company (PAFR) was the top loser of the day. It had…
Brokers rattled as banks take over the bond market
Brokers rattled as banks take over the bond market The licensing of commercial banks as securities traders has unsettled stockbrokers who stand to lose a substantial share of their revenue, particularly in the wake of falling turnover and volatile trading at the stock market.The Capital…
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