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…
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…
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