KCB Group kicked off the week as the top mover of the day after selling 4.41 million shares with a market capitalization of 118.25 billion shillings followed by Safaricom with 2.24 million shares with a market capitalization of 1.28 trillion shillings. East African Breweries and Equity Group sold 827,100 and 669,500 with a market capitalization […]
A worker inspects beer on the production line at the East African Breweries factory in Ruaraka, Nairobi. The Competition Authority of Kenya (CAK) has revealed that East African Breweries Limited (EABL) is being probed for hindering fair trade. The authority told the Senate Committee on Trade that it was investigating if the move by Kenya’s […]
East African Breweries Ltd (EABL) Group Corporate Relations Director Eric Kiniti. The Kenya Breweries Limited (KBL) has revised its grain demand upwards in a boost to sorghum and barley farmers. This follows the reopening of bars, pubs and restaurants after the government eased restrictions meant to curb the spread of Covid-19. The brewer said in […]
The stock market may stick in the woods for some time, despite stocks prices beginning to react positively with the reopening of the economy. Trading of equities at the Nairobi Securities Exchange (NSE) has been bumpy since the strike of the coronavirus in the country in March, as the period has been characterised by huge […]
A worker inspects beer on the production line at the East African Breweries factory in Ruaraka, Nairobi. The Competition Authority of Kenya (CAK) has revealed that East African Breweries Limited (EABL) is being probed for hindering fair trade. The authority told the Senate Committee on Trade that it was investigating if the move by Kenya’s […]
East African Breweries Limited (EABL) has revised its demand for grains used in the production of alcoholic beverages on the back of a rebound in sales. The company says it will now double its purchase of sorghum and barley to a combined 40,000 tonnes as it sees a resurgence in the demand for drinks following […]
Photo: Courtesy The Kenya Revenue Authority (KRA) has moved to auction several containers of Tuborg beer that were dumped in its bonded warehouse by importers. In what might be a reflection of the tough times for those in the alcoholic drinks industry, the taxman listed King Beverage Ltd – which also has the franchise for […]
Summary The net selling by foreign investors in October was a contrast from August and September where net buying of Ksh10 million ($100,000) and Ksh802 million ($8.02 million) was recorded respectively. Bank stocks such as KCB, Equity and Absa and other large firms like Safaricom and East African Breweries dominated the list of top stocks […]
The first week of this month saw foreign investors sell equities worth Sh1.2 billion, rubberstamping strained market activity at the Nairobi Securities Exchange (NSE). A KCB weekly capital report indicates the NSE All-Share Index gained 0.9 per cent, while the NSE 20 shed 0.8 per cent in the week. Read More Foreigners dominated NSE activity […]
The five biggest firms continued to dominate trading at the Nairobi Securities Exchange (NSE) accounting for 84.2 per cent of the total market turnover. However, the volume of Safaricom, Equity, Kenya Commercial Bank (KCB), British American Tobacco (BAT), and East African Breweries Ltd (EABL) as a proportion of total market turnover fell nine per cent […]
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