Closing Bell: Express Kenya Top Gainer as National Bank Declines
Express Kenya Top Gainer as National Bank Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 6.54% to close at KES 5.70, which was a KES 0.35 gain in share price. National Bank of Kenya (NBK) was the top loser of the day. It had…
Closing Bell: Mumias Sugar Top Gainer as Carbacid Investments Declines
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…
CIC General rating up after Sh800m capital injection
CIC General rating up after Sh800m capital injection CIC General Insurance’s outlook has been upgraded to ‘stable’ from a ‘negative’ rating following a capital injection last year.The capital injection nearly doubled the insurer’s previous capital base of Sh900 million to Sh1.7 billion. South African Global Credit…
Closing Bell: Limuru Tea Top Gainer as Car and General Declines
Closing Bell: Limuru Tea Top Gainer as Car and General Declines Limuru Tea (LIMT) was the top gainer of the day. It gained 9.96% to close at KES 1248.00 which was a KES 113.00 gain in share price. Limuru Tea share price to halve after the split which divides its…
Closing Bell: CFC Stanbic Top Gainer as Pan African Insurance Declines
Closing Bell: CFC Stanbic Top Gainer as Pan African Insurance Declines CFC Stanbic (CFC) was the top gainer at the NSE today. It gained 5.88% to close the day at KES 108 which was a KES 6.00 gain in share price. Pan African Insurance (PAFR) was the top loser as…
NSE 20 share index up on blue chip gains
NSE 20 share index up on blue chip gains The NSE 20 share index inched upwards on Tuesday on modest blue chip gains, halting a slide that has seen the market drop below 5000 points to a six-month low. This was mainly on the back of gains by Bamburi, Standard…
International Finance Corporation (IFC) eyes 11pc in Kenya Re partly owned reinsurer
IFC eyes 11pc in Kenya Re partly owned reinsurer The International Finance Corporation (IFC) will acquire an 11 per cent stake in Zep-Re, in a Sh1.9 billion deal. Kenya Re, which is opposing this share purchase, has its shareholding in Zep Re shrunk to 16 per cent from 20.7 per…
Centum signs deal with UK brothers for Rea Vipingo
Centum signs deal with UK brothers for Rea Vipingo Investment firm Centum has reached a multi-billion shilling deal with two British brothers that will see it withdraw its hostile takeover bid for Rea Vipingo, an NSE-listed agricultural firm majority owned by the UK citizens. The deal will see Centum acquire 10,546…
Friday’s Morning Brief – Nov 21
Africa’s mobile money makes its way to Europe with M-Pesa M-Pesa has nearly 17 million active customers and as many as 186,000 agents worldwide. Customers make more than €900 million (US$1.1 billion) worth of person-to-person transactions a month. Now, the technology that was honed in Africa is being exported to…
NSE Closing Bell: Kenol Kobil Among Top Gainers While Newly Listed Flame Tree Continues Decline
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed, KenolKobil Limited (KENO) was among the top gainers. The oil marketer rose 6.63% to KES 8.85 compared to Friday’s close of KES 8.30. While newly listed Flame…
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