Closing Bell: East African Portland Cement Top Gainer as Kapchorua Tea Company Declines
East African Portland Cement Top Gainer as Kapchorua Tea Company Declines East African Portland Cement Company (PORT) was the top gainer of the day. It gained 9.26% to close at KES 59.00 which was a KES 5.00 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser…
Safaricom, KCB shares drop pulls down exchange 11 points
Safaricom, KCB shares drop pulls down exchange 11 points Safaricom and KCB Group shares lost value for the second straight session at the Nairobi Securities Exchange Tuesday, helping nudge the market lower 11 points to a new two-and-a-half year low of 4,343. Safaricom dominated trading…
Closing Bell: Unga Group Limited Top Gainer as Kakuzi Limited Declines
Unga Group Limited Top Gainer as Kakuzi Limited Declines Unga Group Limited (UNGA) was the top gainer of the day. It gained 9.09% to close at KES 45.00 which was a KES 3.75 gain in share price. Kakuzi Limited (KUKZ) was the top loser of the day. It had a…
KQ needs Sh100bn bailout, says Standard Investment Bank analysts
KQ needs Sh100bn bailout, says Standard Investment Bank analysts National carrier Kenya Airways requires up to Sh100 billion new funding to stay afloat, Standard Investment Bank analysts have estimated. The amount is required in the form of fresh capital injection to reduce the carrier’s debt burden. KQ may also need…
Closing Bell: CIC Insurance Group Limited Top Gainer as Unga Group Limited Declines
CIC Insurance Group Limited Top Gainer as Unga Group Limited Declines CIC Insurance Group Limited (CIC) was the top gainer of the day. It gained 6.43% to close at KES 7.45 which was a KES 0.45 gain in share price. Unga Group Limited (UNGA) was the top loser of the…
Top foreign funds see returns on NSE equities drop 11pc
Top foreign funds see returns on NSE equities drop 11pc The top-five foreign mutual funds investing in Kenya have seen their returns decline by an average of 11 per cent year-to-date, a new report by consultancy PricewaterhouseCoopers shows.Investor returns have taken a hit from the…
Co-op Bank branches to issue car insurance stickers
Co-op Bank branches to issue car insurance stickers Co-operative Bank of Kenya through its Co-op Consultancy Agency will issue motor vehicle insurance stickers in all its branches. The bank says the product, launched in 2013, will be available in a maximum of 10 minutes on order.The certificates are normally printed…
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…
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