Safaricom share priced ‘above market peers’
Safaricom share priced ‘above market peers’ Investment bankers at Citi Global Markets are indicating that the Safaricom stock at the Nairobi Securities Exchange (NSE) is trading at a premium compared to peers in emerging and frontier markets. Analysts have changed their recommendation from the “buy” made in January this…
Closing Bell: Crown Paints Top Gainer While Flame Tree Continues To Decline
Crown Paints was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a gain of 9.93% to end the day at KES 166.00. This is a KES 15.00 gain per share. Crown Berger continues its upward movement in the market and traded 4,100 shares today. Crown Berger…
Foreign investors flee NSE for bullish Nigerian exchange
Foreign investors flee NSE for bullish Nigerian exchange Investors are exiting the Nairobi Securities Exchange (NSE) for the higher yielding Nigerian bourse, piling more pressure on the weak Kenyan shilling. The indicative NSE 20 share index has been on a downward trend while the Nigerian 30 share index has…
Closing Bell: Crown Paints Continues To Perform Well In the Market
Liberty Kenya Holdings Limited was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a gain of 9.78% to end the day at KES 25.25. This was a KES 2.25 gain in share price. Crown Paints was the second top gainer at the exchange. The counter registered…
Crown Paints bonus issue stirs market
Crown Paints bonus issue stirs market Crown Paints led the gainers at the stock market last week on the back of a bonus share issue announcement. The stock rose 35.3 per cent to Sh138 even after disappointing full-year 2014 results which saw net profit drop by a massive 91 per…
Weekly Market Report 4th-8th May
The NSE All Share Index was down 1% and the NSE 20 Share Index retreated 0.4%. Equity turnover soared 118.7% due to improved volumes traded on most large caps. Up 35.3%, Crown Berger was the leading gainer riding on its 2:1 bonus issue announcement. Transcentury topped the losers list…
Safaricom owners set for big pay day after Sh32bn profit
Safaricom owners set for big pay day after Sh32bn profit Telecoms operator Safaricom Thursday announced a generous dividend policy that promises its owners the highest payout jump since its listing on the Nairobi Stock Exchange (NSE). Vodafone, the UK firm that is Safaricom’s single-largest shareholder…
Closing Bell: Umeme Top Gainer While Flame Tree Group Remains Top Loser
Umeme was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a gain of 10% to end the day at KES 18.50. This is a KES 1.50 gain per share. Flame Tree Group Holdings Limited took the lead in being the worst performing share in the exchange…
James Ndegwa to stay at NIC Bank amid conflict of interest fears
James Ndegwa to stay at NIC Bank amid conflict of interest fears Newly appointed Capital Markets Authority (CMA) chairman James Ndegwa Thursday said he will not resign as chairman of listed NIC Bank to avert conflict of interest as demanded by critics. NIC Bank owns stock market intermediaries, including…
Closing Bell: Unga Group Rises To Top Gainer
Unga Group Limited was the top gainer at the Nairobi Securities Exchange (NSE). This was a good turnaround from being the 4th worst performing share yesterday. The counter registered a gain of 9.66% to end the day at KES 48.25. This was a KES 4.25 gain in share price.
KRA to miss capital gains tax target by Sh6.8 billion
KRA to miss capital gains tax target by Sh6.8 billion The government is set to miss nearly all of the Sh7 billion it expected from charging capital gains tax (CGT) on stocks and property this financial year, official statistics show. The taxman is expected to collect a paltry Sh200 million…
Closing Bell: Crown Paints Kenya Rises While Equity Bank Declines
Crown Paints Kenya Limited continues to perform well in the market. It improved today to close the day as the top gainer. Crown Paints ended the day at KES 126.00 having gained 9.57% (11.00) in its share price. Equity Bank Limited continues to decline in its performance. It ended the…
KCB Group 2015 Quarter 1 Results
KCB Group 2015 Quarter 1 Results KCB Bank Group saw its Q1 pre-tax profit rise by 12% to KShs. 6.2 Billion on the back of higher interest income, fees and commissions arising from new business lines. The Group’s CEO, Mr Joshua Oigara said that the growth in profitability from…
Exchange rate slide pushes shilling past 95 units mark
Exchange rate slide pushes shilling past 95 units mark The shilling on Tuesday crossed the 95 units to the US dollar level, continuing a losing streak with forex traders predicting a further drop to 98 units to the dollar by end of year. A weaker currency and its effect…
Closing Bell: Liberty Kenya Holdings Top Gainer as Transcentury Declines
Liberty Kenya Holdings Limited continued to perform well and closed the day as the top gainer in the market. It ended the day at KES 23.00 having gained 9.52% (KES2.00) in its share price. Transcentury Limited took the lead as being the worst performer in the exchange. The counter registered…
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