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…
Mumias Sugar closed for maintenance work
Mumias Sugar closed for maintenance work Mumias Sugar Company has temporarily suspended operations for urgent maintenance work.Outgoing managing director Coutts Otolo Thursday said the month-long break will enable them fix equipment which had contributed to the company’s poor performance due to inconsistency in maintenance…[…] PwC roots for SMEs role…
Closing Bell: CfC Stanbic Top Gainer as Housing Finance Kenya Declines
CfC Stanbic Top Gainer as Housing Finance Kenya Declines CfC Stanbic Holdings (CFC) was the top gainer of the day. It gained 8.41% to close at KES 116.00, which was a KES 9.00 gain in share price. Housing Finance Kenya (HFCK) was the top loser of the day. It had…
Nairobi bourse sheds 3pc value in a fortnight
Nairobi bourse sheds 3pc value in a fortnight The stock market has shed three per cent in value so far this month to slip below the 4,700 point level for the first time in 22 months.The Nairobi Securities Exchange (NSE) has been weighed down by continued…
Closing Bell: TransCentury Limited Top Gainer as Centum Investments Declines
TransCentury Limited Top Gainer as Centum Investments Declines TransCentury Limited (TCL) was the top gainer of the day. It gained 9.97% to close at KES 16.00, which was a KES 1.45 gain in share price. Centum Investments Company (ICDC) was the top loser of the day. It had a loss…
Overvalued shilling may hit 110 to the dollar by year end
Overvalued shilling may hit 110 to the dollar by year end Economists says Kenya’s real effective exchange rate (REER) is 20 per cent overvalued and forecasted that the currency is headed for 110 units to the dollar by the end of the year. The REER…
Closing Bell: Kakuzi Limited Top Gainer as Pan African Insurance Declines
Kakuzi Limited Top Gainer as Pan African Insurance Declines Kakuzi Limited (KUKZ) was the top gainer of the day. It gained 10.00% to close at KES 363.00 which was a KES 33.00 gain in share price. Pan African Insurance Company (PAFR) was the top loser of the day. It had…
Brokers rattled as banks take over the bond market
Brokers rattled as banks take over the bond market The licensing of commercial banks as securities traders has unsettled stockbrokers who stand to lose a substantial share of their revenue, particularly in the wake of falling turnover and volatile trading at the stock market.The Capital…
Closing Bell: Williamson Tea Top Gainer as East African Portland Cement Declines
Williamson Tea Top Gainer as East African Portland Cement Declines Williamson Tea Kenya (WTK) was the top gainer of the day. It gained 3.91% to close at KES 399.00, which was a KES 15.00 gain in share price. East African Portland Cement (PORT) and Standard Group Limited (SGL) were the…
Safaricom steps up internet price turf war with rival Airtel
Safaricom steps up internet price turf war with rival Airtel Telecommunications company, Safaricom has revised its Internet bundle prices for the third time this year, stepping up an ongoing fight for data revenue with rivals Airtel and Telkom Kenya. Safaricom, the market leader, revised the cost…
Safaricom scraps night bundles, extends expiry dates
Safaricom scraps night bundles, extends expiry dates Safaricom has unveiled new data plans, responding to a public outcry that revolved around the validity periods of bundles especially those accumulated for use during off-peak hours. The telecommunications firm on Friday morning revised its three plans – daily,…
Closing Bell: East African Portland Cement Top Gainer as Nation Media Group Declines
East African Portland Cement Top Gainer as Nation Media Group Declines East African Portland Cement (PORT) was the top gainer of the day. It gained 9.24% to close at KES 65.00, which was a KES 0.50 gain in share price. Nation Media Group (NMG) was the top loser of the…
Mumias goes for its former CEO to drive turnaround
Mumias goes for its former CEO to drive turnaround Mumias Sugar has hired an Australian, Eroll Johnston, as its new chief executive officer to drive turnaround of the company after receiving a Sh1 billion State bailout package. Mr Johnston’s term begins on August 1, with the…
Closing Bell: Kapchorua Tea Top Gainer as Crown Paints Declines
Kapchorua Tea Top Gainer as Crown Paints Declines Kapchorua Tea Company (KAPC) was the top gainer of the day. It gained 9.38% to close at KES 175.00, which was a KES 15.00 gain in share price. Crown Paints Kenya (BERG) was the top loser of the day. It had a…
Uchumi to close loss-making outlets, sell assets in recovery plan
Uchumi to close loss-making outlets, sell assets in recovery plan Uchumi Supermarkets has announced radical changes to its operations, which include closing down several outlets and selling a Sh2 billion plot in Kasarani in its newest plan to steer clear of financial troubles. This development comes…
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