Closing Bell: Uchumi Supermarket Limited Top Gainer as Kakuzi Limited Declines
Uchumi Supermarket Limited Top Gainer as Kakuzi Limited Declines Uchumi Supermarket Limited (UCHM) was the top gainer of the day. It gained 9.88% to close at KES 9.45 which was a KES 0.85 gain in share price. Kakuzi Limited (KUKZ) was the top loser of the day. It had a…
Loss-making Home Afrika sends CEO packing
Loss-making Home Afrika sends CEO packing Loss-making real estate developer Home Afrika has sacked its CEO, Njoroge Ng’ang’a ,nearly two years after he took over the post from his predecessor, Gerald Chege ,in November 2013. The company did not disclose reasons for sending Mr Ng’ang’a packing……
Closing Bell: Umeme Limited Top Gainer as Jubilee Holdings Limited Declines
Umeme Limited Top Gainer as Jubilee Holdings Limited Declines Umeme Limited (UMME) was the top gainer of the day. It gained 10% to close at KES 19.25 which was a KES 1.75 gain in share price. Jubilee Holdings Limited (JUB) was the top loser of the day. It had a…
BAT and anti-tobacco lobby oppose new cigarette tax
BAT and anti-tobacco lobby oppose new cigarette tax Kenya’s largest cigarette manufacturer and an anti-tobacco lobby have closed ranks to oppose new excise tax rates they say will only reduce government revenues. The parties, who are normally on opposing sides, say Parliament’s amendment of the Excise…
Closing Bell: Sameer Africa Limited Top Gainer as Kapchorua Tea Company Ltd Declines
Sameer Africa Limited Top Gainer as Kapchorua Tea Company Ltd Declines Sameer Africa Limited (FIRE) was the top gainer of the day. It gained 8.64% to close at KES 4.40 which was a KES 0.35 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser of the…
Mumias resumes sugar production after a two-month break
Mumias resumes sugar production after a two-month break Sugar miller Mumias has resumed operations after a two-month break in a move that is expected to raise the depleted national stock of sugar. The miller says it is producing up to 500 tonnes of the sweetener in…
Closing Bell: Equity Group Holdings Limited Top Gainer as East African Cables Limited Declines
Equity Group Holdings Limited Top Gainer as East African Cables Limited Declines Equity Group Holdings Limited (EQTY) was the top gainer of the day. It gained 7.79% to close at KES 41.50 which was a KES 3.00 gain in share price. East African Cables Limited (CABL) was the top loser…
Investors demand higher interest for Treasury bills
Investors demand higher interest for Treasury bills Investors are demanding higher interest rates for the six-month and one-year government Treasury bills as the market continues with its risk-averse approach to longer-dated fixed-income investment over uncertainties in the interest rate environment. Auction results from last week’s…
Revenue grows but falling stock values hit Britam’s bottomline
Revenue grows but falling stock values hit Britam’s bottomline Kenyan insurer British American Investments (Britam) saw its profit after tax for the first half of the year fall dramatically to Sh625 million, down from Sh2.75 billion in the same period last year. Pretax profit fell to…
Closing Bell: Uchumi Supermarket Limited Top Gainer as Sameer Africa Limited Declines
Uchumi Supermarket Limited Top Gainer as Sameer Africa Limited Declines Uchumi Supermarket Limited (UCHM) was the top gainer of the day. It gained 9.38% to close at KES 8.75 which was a KES 0.75 gain in share price. Sameer Africa Limited (FIRE) was the top loser of the day. It…
Bamburi Cement posts Sh3bn in half-year profit
Bamburi Cement posts Sh3bn in half-year profit Bamburi Cement posted an 85.9 per cent net profit jump in the half year ended June, helped by sales growth and aggressive cost-cutting measures. The firm’s net profit in the period stood at Sh3 billion compared to Sh1.6…
Closing Bell: Sameer Africa Limited Top Gainer as Housing Finance Company Limited Declines
Sameer Africa Limited Top Gainer as Housing Finance Company Limited Declines Sameer Africa Limited (FIRE) was the top gainer of the day. It gained 8.64% to close at KES 4.40 which was a KES 0.35 gain in share price. Housing Finance Company Limited (HFCK) was the top loser of the…
Bidco acquires 78 acres of Tatu City land for expansion
Bidco acquires 78 acres of Tatu City land for expansion Consumer goods manufacturer Bidco has acquired a 78-acre piece of land at Tatu City — where it expects to set up some of its factories and a warehouse. The Thika-based company is owned by the…
Closing Bell: Longhorn Publishers Limited Top Gainer as Unga Group Limited Declines
Longhorn Publishers Limited Top Gainer as Unga Group Limited Declines Longhorn Publishers Limited (LKL) was the top gainer of the day. It gained 3.85% to close at KES 6.75 which was a KES 0.25 gain in share price. Unga Group Limited (UNGA) was the top loser of the day. It…
Bourse slips below 4,300 points in sixth successive session of losses
Bourse slips below 4,300 points in sixth successive session of losses The Nairobi Securities Exchange 20 share index fell for the sixth straight session Thursday to slip below the 4,300 points barrier for the first time this year as major counters lost ground. The index…
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