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…
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…
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