Listed battery distributor Eveready East Africa #ticker:EVRD is the most expensive stock on the Nairobi Securities Exchange (NSE) #ticker:NSE relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares […]
Listed battery distributor Eveready East Africa is the most expensive stock on the Nairobi Securities Exchange (NSE) relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares traded at […]
Top Gainer The top gainer of the day at the Nairobi Securities Exchange was Uchumi Supermarket with 10.10 percent at the price of 0.22 shillings per share followed by Sasini with 7.43 percent at the price of 21.70 shillings per share. Umeme and Kakuzi gained 6.21 and 5.73 percent at the price of 6.50 and […]
KEY POINTS Uchumi Supermarket was the top loser after shedding off 9.09 percent at the price of 0.20 shillings per share followed by Sasini and Trans-Century with a loss of 5.61 and 4.31 percent at the price of 20.20 and 1.11 shillings per share. Top Gainers The top gainer of the day at the Nairobi […]
Aerial view of Migaa Golf Estate in Kiambu County It was billed as the first and largest gated community in Kenya, but over the years Migaa Golf Estate has faced significant challenges that mirror the upheavals tormenting the real estate sector. Data from the latest annual financial report from Home Afrika, parent company for the […]
KEY POINTS Absa Bank Kenya was the second top mover of the day with 3.06 million with a market capitalization of 57.57 billion shillings. Kenya Power and Lighting, KCB Group, and Stanlib Fahari Income – REIT moved 930,400, 550,500, and 331,900 respectively. The top mover of the day at the Nairobi Securities Exchange (NSE) on […]
KEY POINTS The top gainer of the day was Eveready East Africa with 8.25 percent at the price of 1.05 shillings per share. Jubilee Holdings gained 5.36 percent at the price of 368.75 shillings per share. The top gainer of the day was Eveready East Africa with 8.25 percent at the price of 1.05 shillings […]
Home Afrika has reported a net loss of Sh222.8 million in its half-year earnings for 2021/FILE NAIROBI, Kenya, Sep 5- Home Afrika has reported a net loss of Sh222.8 million in its half-year earnings for 2021 compared to Sh243.2 million registered in the first half of 2020. The group, through a statement, said the effects […]
Safaricom Chief Executive Officer Peter Ndegwa. [Wilberforce Okwiri,Standard] Mobile phone operator Safaricom is indisputably the most profitable company in Eastern and Central Africa. No company comes close to the telco, which recently made an incursion into Ethiopia after Addis Ababa liberalised its telecommunications sector. Yet, Safaricom’s dominance does not end in the goods and services […]
NSE CEO Geoffrey Odundo, Nairobi Business Ventures Chairman Haresh Soni, NSE Chairman Kiprono Kittony and ABC Group Managing Director Shamaz Savani at NBV’s Bell ringing ceremony. [Wilberforce Okwiri,Standard] When the Nairobi Securities Exchange (NSE) launched the Growth and Enterprise Segment (GEMS) in 2013, there was optimism across the board that this would be the major […]
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