Stock market dip wipes out billions in pension savings
Stock market dip wipes out billions in pension savings A year-long bear market at the Nairobi Securities Exchange has eaten deeply into retirement savings, leaving pension funds with returns below the average rate of inflation, a newly-released industry report says. Retirement schemes returned 0.5 per cent…
Closing Bell: TPS Eastern Africa Limited (Serena Hotels) Top Gainer as Uchumi Supermarket Limited Declines
TPS Eastern Africa Limited (Serena Hotels) Top Gainer as Uchumi Supermarket Limited Declines TPS Eastern Africa Limited (Serena Hotels) (TPSE) was the top gainer of the day. It gained 9.57% to close at KES 25.75 which was a KES 2.25 gain in share price. Uchumi Supermarket Limited (UCHM) was the…
Closing Bell: Standard Group Limited Top Gainer as Express Kenya Limited Declines
Standard Group Limited Top Gainer as Express Kenya Limited Declines Standard Group Limited (SGL) was the top gainer of the day. It gained 9.73% to close at KES 31.00 which was a KES 2.75 gain in share price. Express Kenya Limited (XPRS) was the top loser of the day. It…
KPMG set to replace Ernst & Young as Uchumi auditors
KPMG set to replace Ernst & Young as Uchumi auditors KPMG is set to take over from Ernst & Young the auditing of troubled retailer Uchumi Supermarkets, which has accused its former top management of manipulating its last year’s financial statements. The consultancy, classified as one…
Closing Bell: Umeme Limited Top Gainer as Atlas Development and Support Services Ltd Declines
Umeme Limited Top Gainer as Atlas Development and Support Services Ltd Declines Umeme Limited (UMME) was the top gainer of the day. It gained 7.43% to close at KES 18.80 which was a KES 1.30 gain in share price. Atlas Development and Support Services Ltd (ADSS) was the top loser…
Closing Bell:East African Portland Cement Company Top Gainer as Atlas Development and Support Services Ltd Declines
East African Portland Cement Company Top Gainer as Atlas Development and Support Services Ltd Declines East African Portland Cement Company (PORT) was the top gainer of the day. It gained 10% to close at KES 44.00 which was a KES 4.00 gain in share price. Atlas Development and Support Services…
Closing Bell: Longhorn Publishers Limited Top Gainer as Express Kenya Limited Declines
Longhorn Publishers Limited Top Gainer as Express Kenya Limited Declines Longhorn Publishers Limited (LKL) was the top gainer of the day. It gained 7.69% to close at KES 7.00 which was a KES 0.50 gain in share price. Express Kenya Limited (XPRS) was the top loser of the day. It…
KQ needs Sh100bn bailout, says Standard Investment Bank analysts
KQ needs Sh100bn bailout, says Standard Investment Bank analysts National carrier Kenya Airways requires up to Sh100 billion new funding to stay afloat, Standard Investment Bank analysts have estimated. The amount is required in the form of fresh capital injection to reduce the carrier’s debt burden. KQ may also need…
Closing Bell: Kapchorua Tea Company Ltd Top Gainer as Kenya Airways Limited Declines
Kapchorua Tea Company Ltd Top Gainer as Kenya Airways Limited Declines Kapchorua Tea Company Ltd (KAPC) was the top gainer of the day. It gained 10% to close at KES 242.00 which was a KES 22.00 gain in share price. Kenya Airways Limited (KQ) was the top loser of the…
Closing Bell: Housing Finance Top Gainer as BAT Kenya Declines
Housing Finance Top Gainer as BAT Kenya Declines Housing Finance Company Limited (HFCK) was the top gainer of the day. It gained 9.64% to close at KES 22.75, which was a KES 2.00 gain in share price. British American Tobacco (BAT) was the top loser of the day. It had…
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