Foreigners pull out cash from NSE for second time
Foreigners pull out cash from NSE for second time A quarter two report by Standard Investment Bank shows the NSE had lost Sh3.2 billion in the first three months of the year.Foreigners were exiting the large caps in favour of the smaller players whose market price…
Closing Bell: Kapchorua Tea Top Gainers as Crown Paints Declines
Kapchorua Tea Top Gainers as Crown Paints Declines Kapchorua Tea Company (KAPC) was the top gainer of the day. It gained 9.66% to close the day at KES 159.00 which was a KES 14.00 gain in share price. Crown Paints (BERG) was the top loser of the day. It had…
StanChart asks parent firm to split stock
StanChart asks parent firm to split stock Standard Chartered Kenya has forwarded a share split proposal to its parent company in response to shareholder complaints about the poor liquidity on the counter. StanChart’s stock is currently trading at Sh302 a share, making it the most priced…
Tanzania puts EABL on notice over Serengeti Breweries deal
Tanzania puts EABL on notice over Serengeti Breweries deal Beer maker EABL could be forced to sell part of or its entire 51 per cent shareholding in Serengeti Breweries as part of regulatory action by Tanzania’s competition watchdog. Tanzania’s competition watchdog has given notice of intention…
Closing Bell: Nation Media Group Top Gainer as Crown Paints Continues to Decline
Nation Media Group Top Gainer as Crown Paints Continues to Decline Nation Media Group (NMG) was the top gainer of the day. It gained 8.47% to close at KES 205.00 which was a KES 16.00 gain in share price. Crown Paints Kenya (BERG) was once again the top loser of…
Olympia in yet another subsidiary shut down
Olympia in yet another subsidiary shut down Investment company Olympia Capital has announced plans to close two of its loss-making subsidiaries, indicating yet another financial blow to shareholders of the NSE-listed firm. Olympia Capital is shutting down Dunlop Industries, a Nairobi-based manufacturer of vinyl floor tiles,…
Closing Bell: Eaagads Limited Top Gainer as Crown Paints Declines
Eaagads Limited Top Gainer as Crown Paints Declines Eaagads Limited (EGAD) was the top gainer of the day. It gained 10.00% to close at KES 38.50 which was a KES 3.50 gain in share price. Crown Paints Kenya (BERG) was the top loser of…
Mumias Sugar hires 8 managers to drive turnaround
Mumias Sugar hires 8 managers to drive turnaround Mumias SugarCompany has hired eight managers to replace those sacked last year in a corruption purge. Mumias Sugar Company is mulling extending the term of its CEO Coutts Otolo even as it hired eight managers to replace those…
New CBK governor Patrick Njoroge assumes office
New CBK governor Patrick Njoroge assumes office President Uhuru Kenyatta has formally appointed Patrick Njoroge to the post of Central Bank of Kenya governor, a week after he was endorsed by Parliament. CBK governor Patrick Njoroge, deputy Sheila M’Mbijjewe and Board chairman Jairus Mohammed Nyaoga term in office effective June…
Home Afrika pays high premium after investors shun bond
Home Afrika pays high premium after investors shun bond Buyers of Home Afrika’s corporate bond have re-priced the interest rate on the securities to 17 per cent, significantly raising the real estate developer’s finance costs from the initial coupon rate of 13.5 per cent.At 17 per…
Liberty Kenya Holdings Top Gainer as Crown Paints Declines
Liberty Kenya Holdings Top Gainer as Crown Paints Declines Liberty Kenya Holdings (CFCI) was the top gainer of the day. It gained 9.80% to close at KES 28.00 which was a KES 2.50 gain in share price. Crown Paints (BERG) was the top loser of the day. It had a…
Helios loses top slot in Equity after stake sale to NSSF Uganda
Helios loses top slot in Equity after stake sale to NSSF Uganda London-based investment fund Helios EB Investors is no longer the majority shareholder at Equity Bank after selling part of its stake to Uganda National Social Security Fund.Helios EB Investors sold 2.44 per cent of…
Closing Bell: Mumias Sugar Top Gainer as Carbacid Investments Declines
Closing Bell: Mumias Sugar Top Gainer as Carbacid Investments Declines Mumias Sugar Company (MSC) was the top gainer of the day at the NSE. The counter continued its upward trend and gained 9.52% to close the day at KES 2.30 which was a KES 0.20 gain in share price. Carbacid…
CIC General rating up after Sh800m capital injection
CIC General rating up after Sh800m capital injection CIC General Insurance’s outlook has been upgraded to ‘stable’ from a ‘negative’ rating following a capital injection last year.The capital injection nearly doubled the insurer’s previous capital base of Sh900 million to Sh1.7 billion. South African Global Credit…
Closing Bell: Limuru Tea Top Gainer as Car and General Declines
Closing Bell: Limuru Tea Top Gainer as Car and General Declines Limuru Tea (LIMT) was the top gainer of the day. It gained 9.96% to close at KES 1248.00 which was a KES 113.00 gain in share price. Limuru Tea share price to halve after the split which divides its…
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