Closing Bell: CIC Insurance Group Limited Top Gainer as Unga Group Limited Declines
CIC Insurance Group Limited Top Gainer as Unga Group Limited Declines CIC Insurance Group Limited (CIC) was the top gainer of the day. It gained 6.43% to close at KES 7.45 which was a KES 0.45 gain in share price. Unga Group Limited (UNGA) was the top loser of the…
Closing Bell: Kapchorua Tea Company Top Gainer as Kenya Commercial Bank Ltd Declines
Kapchorua Tea Company Top Gainer as Kenya Commercial Bank Ltd Declines Kapchorua Tea Company Ltd (KAPC) was the top gainer of the day. It gained 10% to close at KES 220.00 which was a KES 20.00 gain in share price. Kenya Commercial Bank Ltd (KCB) was the top loser of…
Centum’s profit jumps to Sh7.9bn on sale of UAP
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…
Closing Bell: Williamson Tea and Limuru Tea Top Gainers
Closing Bell: Williamson Tea and Limuru Tea Top Gainers Williamson Tea Kenya (WTK) and Limuru Tea were the top gainers at the NSE. Both gained 10.00% to close at KES 396.00 and 1045.00 respectively which were KES 36.00 and 95.00 gains in share price. British-American Investments (BRIT) was the…
Co-op Bank jumps ahead of StanChart in NSE stock value
Co-op Bank jumps ahead of StanChart in NSE stock value Cooperative Bank’s market value has jumped ahead of Standard Chartered to become the third-largest listed lender, for the first time putting indigenous banker in the top-three spots.Cooperative Bank is now valued at Sh105 billion—behind leaders KCB and Equity—with its share…
Safaricom backs down on unpopular change to tariff
Safaricom backs down on unpopular change to tariff Safaricom has changed its mind about taking away all the unused airtime, SMS credits and data held by Karibu Postpay tariff users after May 26 this year. Subscribers can keep their accumulated bundles but any new ones purchased from May 1 will…
Gulf African Bank records 41 per cent profit growth
Gulf African Bank records 41 per cent profit growth Shariah-compliant lender Gulf African Bank (GAB) has recorded a 41 per cent growth in profits after tax, riding on improved operating efficiencies. Gulf African Bank reported an after-tax profit of Sh402 million up from Sh285 million a year earlier. The growth,…
Today’s Morning Brief- Nov 4
We deliver a summary of important business news in Kenya to you this morning: Uchumi acquires Dar supermarket in growth drive Uchumi supermarket has acquired a store in Tanzania as part of its expansion plan in that market. Chief executive Jonathan Ciano said acquisition of the outlet from Dar es…
Safaricom Top Traded Counter…Again
TOP TRADED COUNTERS Safaricom took the top spot in what seems to be a permanent trend. The counter saw 18.37 million shares changing ownership at KES 5. Market capitalization maintained at KES 200 billion and stands to gain if the stock price shoots past this price. In…
Don't Cry Over Spilt Safaricom Shares.
COUNTER WATCH Safaricom Limited – A glimpse at the top losers (above) will show you that the counter’s performance dipped. The stock closed at KES 5, down 20 cents from yesterday’s close. Shareholders rushed to the counter to dispose of the stock while it was selling at an…
1
