5 Things You Should Know This Morning – Oct 28
Kenyan shilling steady; KenGen drags shares lower again The Nairobi Securities Exchange’s main NSE-20 Share Index fell 23.27 points or 0.45% to 5,174.41 points. KenGen, which last week reported a 46% drop in after-tax earnings and slashed its dividend, closed 4.8% lower at KES 10.95 a share. On the foreign exchange market,…
Oct 17 Morning Bell: NIC Bank Among The Top Decliners At The NSE
Today at the Nairobi Securities Exchange (NSE): NIC Bank Limited (NIC) had shed 4.48% from yesterday’s closing price as at 11.15 am today. The lender was exchanging at KES 64.00 compared to Thursday’s close of KES…
Oct 6 Morning Bell: Eveready’s Price Decline Continues At The NSE
An update on how companies listed on the Nairobi Securities Exchange (NSE) have performed as at 11.00 am this morning. The winners BOC Kenya limited, Olympia Capital Holdings, East African Portland Cement, TPS Serena and Marshals East Africa are the companies whose share price has appreciated…
Profits vs Recognition: Effect On Stock Price
There was mixed reactions to the bourse’ performance yesterday because the 20-share index and the All-share index took to different routes. The former closed at 4162.79 points, down 9.09 while the latter at 93.18 points, up 0.05. It essentially translates to the locals gaining more from trading than…
NIC Bank Reports 35% Profit Growth in 3rd Quarter
NIC Bank has reported a 35% profit after tax growth in the 3rd quarter of 2012 earning interests on loans in tunes of KES 6.96 billion in the period. Commercial banks charged high interest rates on loans in the period.
Made in the Market: John Paulson – He Bet Against the Boom
John Paulson bet against the booming American housing market and won
Rights Issues: An NIC Walk through
Can't one shareholder just buy all the new shares and end up owning half on NIC Bank?
Stocks 101: What is a Stock Market Index?
Stock market indices make it possible to track the movements of a stock market without looking at each individual stock.
NIC Rights Issue;Timetable of Principal Events
This is part of a series of articles sponsored by NIC bank. NIC are currently having a rights issue that started on 27th August. Read more about their rights issue here. …
NIC Bank To Close For System Upgrade
NIC Bank will remain closed from Friday September 31st to 2nd September 2012. The bank which will be upgrading its systems will close doors for all over the counter transactions. The bank’s ATM services will be functional through the period. In an email…
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