Atlas Development and Support Services Ltd Top Gainer as TransCentury Limited Declines Atlas Development and Support Services Ltd (ADSS) was the top gainer of the day. It gained 8.82% to close at KES 3.70, which was a KES 0.30 gain in share price. TransCentury Limited (TCL) was the top loser…

Umeme Limited Top Gainer as Eaagads Limited Declines Umeme Limited (UMME)  was the top gainer of the day. It gained 9.94% to close at KES 18.80, which was a KES 1.70 gain in share price. Eaagads Limited (EGAD) was the top loser of the day. It had a loss of…

StanChart asks parent firm to split stock Standard Chartered Kenya has forwarded a share split proposal to its parent company in response to shareholder complaints about the poor liquidity on the counter. StanChart’s stock is currently trading at Sh302 a share, making it the most priced…

Olympia in yet another subsidiary shut down Investment company Olympia Capital has announced plans to close two of its loss-making subsidiaries, indicating yet another financial blow to shareholders of the NSE-listed firm. Olympia Capital is shutting down Dunlop Industries, a Nairobi-based manufacturer of vinyl floor tiles,…

Closing Bell: Mumias Sugar Top Gainer as Carbacid Investments Declines Mumias Sugar Company (MSC) was the top gainer of the day at the NSE. The counter continued its upward trend and gained 9.52% to close the day at KES 2.30 which was a KES 0.20 gain in share price. Carbacid…

Centum eyes Rea Vipingo land for property Centum Investments is crafting a master plan for its recently acquired Rea Vipingo land at the Coast that could see some of the farmland converted into real estate. The Vipingo land is also ideal for Centum’s plan to invest…

Closing Bell: Eaagads Limited Top gainer as Liberty Kenya Holdings Declines Eaagads Limited (EGAD) was the top gainer at the NSE. It gained 9.09% to close the day at KES 36.00 which was a KES 3.00 gain in share price. Liberty Kenya Holdings (CFCI) was the top loser with a…

Centum’s profit jumps to Sh7.9bn on sale of UAP Centum earned Sh5.2 billion from the sale of its 13 per cent stake in UAP Holdings to Old Mutual, making a gain of Sh2.8 billion over the book value of the stock.The investment firm also exited two…

  Old Mutual gets approval to acquire UAP Holdings stake Old Mutual can now acquire a 37.3 per cent stake of UAP Holdings, following approval of the transaction by regulators.The acquisition is expected to hand Old Mutual a 60.7 per cent stake in UAP Holdings on completion.Old Mutual in January…

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…