Closing Bell: Olympia Capital Remains Top Gainer
Olympia Capital Holdings Limited remains the top gainer for the second day in a row. The counter registered a further gain of 8.00% to end the day at KES 5.40. This was a KES 0.40 gain in share price. Unga group Limited closed the day as the worst performing share…
Centum to inject Sh1.2bn bond proceeds into K-Rep
Centum to inject Sh1.2bn bond proceeds into K-Rep Centum is set to inject Sh1.2 billion additional capital into K-Rep Bank from the proceeds of its Sh6 billion bond whose sale kicked off on Monday. The listed investment firm disclosed in its information memorandum for the fixed-rate and equity-linked notes that…
Closing Bell: Olympia Top Gainer While Pan Africa Insurance Top Loser
Olympia Capital Holdings Limited was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a gain of 8.70% to end the day at KES 5.00. This was a KES 0.40 gain in share price. Pan Africa Insurance Company Ltd closed the day as the worst performing share…
NSE 20 share index up on blue chip gains
NSE 20 share index up on blue chip gains The NSE 20 share index inched upwards on Tuesday on modest blue chip gains, halting a slide that has seen the market drop below 5000 points to a six-month low. This was mainly on the back of gains by Bamburi, Standard…
Closing Bell: Kapchorua Tea Top Gainer At The Exchange
Kapchorua Tea Company Limited was the best performing share as the market came to a close today. Kapchorua ended the day at KES 126.00 having gained 8.62% (KES 10.00) in its share price. Atlas Development and Support Services took the lead as the worst performer in the exchange. The counter…
KCB 2015 ANNUAL GENERAL MEETING HIGHLIGHTS
The year 2014 was a good year for KCB Bank as it posted an 18% rise in its pre-tax profit. This was an improvement from KES 20.12 Billion in 2013 to KES 23.79 Billion in 2014. Following the good performance in the year 2014, the board recommended a dividend payout…
International Finance Corporation (IFC) eyes 11pc in Kenya Re partly owned reinsurer
IFC eyes 11pc in Kenya Re partly owned reinsurer The International Finance Corporation (IFC) will acquire an 11 per cent stake in Zep-Re, in a Sh1.9 billion deal. Kenya Re, which is opposing this share purchase, has its shareholding in Zep Re shrunk to 16 per cent from 20.7 per…
Closing Bell: Sasini Takes the Lead as Top Gainer While British-American Tobacco Declines
Sasini Limited was the best performing share as the market came to a close today. Sasini ended the day at KES 17.00 having gained 5.26% (KES 0.85) in its share price. British-American Tobacco Kenya Limited took the lead as the worst performer in the exchange. The counter registered a drop…
Nairobi, Johannesburg stock markets to cross-list securities
Nairobi, Johannesburg stock markets to cross-list securities The Nairobi and South African bourses are set to launch dual-listing of collective investment funds in the coming months. The listing will focus on exchange traded funds (ETFs)—modelled on unit trusts—at beginning based on the most liquid stocks, principally on the FTSE…
TransCentury’s big owners lose Sh5bn in share price fall
TransCentury’s big owners lose Sh5bn in share price fall Investment firm TransCentury’s top owners have lost more than Sh5 billion of paper wealth since the company went public four years ago. In the past three months, for instance, TransCentury’s share price has shed more than a quarter of its value…
Closing Bell: Total Kenya Top Gainer While Longhorn Top Loser
Total Kenya was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a gain of 6.59% to end the day at KES 24.25. This was a KES 1.50 gain in share price. Longhorn Kenya Limited closed the day as the worst performing share registering a drop of…
Shilling slump and oil price rebound raises cost of fuel
Shilling slump and oil price rebound raises cost of fuel Motorists took a big hit from Thursday’s monthly review of petroleum prices, which will see them pay Sh3.54 and Sh1.86 more per litre of super petrol and diesel respectively. Energy Regulatory Commission (ERC) announced that super petrol will retail…
Closing Bell: Portland Cement Rises While Pan African Insurance Plummets
East African Portland Cement Company was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a gain of 9.26% to end the day at KES 59.00. This was a KES 5.00 gain in share price. East African Portland Cement’s gain comes a few days after it swung…
Ecobank eyes commodity traders, farmers with loan product
Ecobank eyes commodity traders, farmers with loan product Ecobank Kenya is set to introduce financing for commodity traders and farmers secured through warehouse receipts. The product is being rolled out by Ecobank as part of improving its trade financing offers given Kenya’s strength in commodities such as maize and wheat…
Closing Bell: Crown Paints Continues Upward Movement
Crown Paints Kenya Limited ended the day as the markets top performing share for the second day in a row. It closed the day at KES 169.00 which was a KES 9.00 (5.63%) increase in its share price. It traded 2,300 shares today. Crown Berger has continued with its remarkable…
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