Closing Bell: NIC Bank Top Gainer as BOC Gases Declines
Closing Bell: NIC Bank Top Gainer as BOC Gases Declines NIC Bank was the top gainer at the NSE. It gained 5.88% to close the day at KES 54.00 which was a KES 3.00 gain in share price. BOC gases was the top loser with a loss of 5.51% to…
Closing Bell: Scangroup Limited Top Gainer
Scangroup Limited (SCAN) was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a gain of 6% to close the day at KES 39.75. This was a KES 2.25 gain in share price. British American Tobacco Kenya was the worst performing share registering a drop of 8.28%…
Equity runs ahead of rivals with takeover of DRC bank
Equity runs ahead of rivals with takeover of DRC bank Equity Group has announced plans to acquire a 79 per cent stake in a Democratic Republic of Congo bank, ProCredit Bank, for $60 million (Sh5.8 billion), marking the Kenyan lender’s entry into central Africa. The acquisition is partly being financed…
Closing Bell: Crown Paints Continues Upward Movement
Crown Paints Kenya Limited ended the day as the markets top performing share for the second day in a row. It closed the day at KES 169.00 which was a KES 9.00 (5.63%) increase in its share price. It traded 2,300 shares today. Crown Berger has continued with its remarkable…
James Ndegwa to stay at NIC Bank amid conflict of interest fears
James Ndegwa to stay at NIC Bank amid conflict of interest fears Newly appointed Capital Markets Authority (CMA) chairman James Ndegwa Thursday said he will not resign as chairman of listed NIC Bank to avert conflict of interest as demanded by critics. NIC Bank owns stock market intermediaries, including…
Closing Bell: Britam top mover on Mauritius Ponzi Speculation
British-American Investments Company Limited – BRITAM – (BRIT) was the biggest mover today mostly on account of the situation in Mauritius. The government of Maurtius took over British American Investments Mauritius (BAI Mauritius) over alleged involvement in Ponzi scheme like operations. BAI Mauritius has a 23% ownership stake…
Closing Bell: Kakuzi Rises To Top Gainer as Sameer Africa Limited Declines
Kakuzi Limited was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a gain of 9.65% to end the day at KES. 284.00. This is a KES 25.00 gain per share. Sameer Africa Limited took the lead as the worst performing share in the exchange. The counter…
Kenya Power outshines energy stocks at NSE
Kenya Power outshines energy stocks at NSE The Kenya Power stock is up 18.7 per cent to Sh17.15 year-to-date—carrying on a trend established in 2014—even as power generating firm KenGen has shed three per cent to Sh10. The stock has been among the leading beneficiaries of foreign investor inflows since…
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…
Did Anyone Make A Killing Yesterday?
2 major moves occurred yesterday at the bourse, moves likely to have made the shareholders a couple of hundreds of thousands worth of change. Safaricom was the first having traded at KES 5.20 and Sameer Africa which closed at KES 3.95. Below are the reasons why they are…
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