The East African Tea Trade Association(EATTA) has moved to court seeking suspension of more sections of the newly enacted Tea Act arguing that they are discriminatory and unconstitutional. The association, which manages the weekly tea auction in Mombasa says implementation of the law will distabilise production and export of tea in Kenya. The High Court […]
Tag: kapchorua tea
Loss-making firms rule NSE list of top gainers
Nairobi Securities Exchange. FILE PHOTO | NMG Loss-making firms have dominated the top 10 list of stocks on the Nairobi Securities Exchange #ticker:NSE (NSE) that recorded price gains since the start of the year despite Covid-19-related economic disruptions. A review shows that stocks of firms such as Kenya Airways #ticker:KQ, Uchumi Supermarkets #ticker:UCHUM, Sameer Africa […]
Stock yields increase steeply on market fall
Investors buying shares at the at the Nairobi Securities Exchange (NSE) at prevailing prices are enjoying a return from dividends matching the rates earned by buyers of short-term government securities. NSE data shows the dividends as a percentage of share price (known as dividend yields) for 18 listed firms range between 7.3 and 19.7 percent, […]
Eaagads Emerges As The Top Gainer At The NSE On Wednesday
The top gainer of the day at the Nairobi Securities Exchange on Wednesday was Eaagads who closed the day with 9.52 percent at the price of 11.50 shillings per share. WPP ScanGroup was the second top gainer with 9.03 percent at the price of 7.00 shillings per share followed by Nairobi Securities Exchange with 6.15 […]
Eaagads Emerges As The Top Gainer At The NSE On Wednesday
The top gainer of the day at the Nairobi Securities Exchange on Wednesday was Eaagads who closed the day with 9.52 percent at the price of 11.50 shillings per share. WPP ScanGroup was the second top gainer with 9.03 percent at the price of 7.00 shillings per share followed by Nairobi Securities Exchange with 6.15 […]
The Top 5 Gainers, Losers And Movers Of The Day
The top 5 gainers of the day at the Nairobi Securities Exchange (NSE) were: Nairobi Business Ventures Liberty Kenya Uchumi Supermarket East African Cables Kapchorua Tea Kenya. Nairobi Business Ventures gained 10 percent at the price of 0.66 shillings per share followed by Liberty Kenya with 8.03 percent at the price of 7.80 shillings per […]
NSE sees new slide as dividend season closes
The Nairobi Securities Exchange (NSE) has begun witnessing a new slide as listed entities close their books ahead of dividend payments. The second-wave slide which follows COVID-19 shocks in March and April has seen an extension of losses of the bourse main indices. In July for instance, all three NSE indices remained on a downward […]
Red alert as blue-chip firms lose shine at NSE
Like human beings, companies have their lifespan. Some may look like they will be around forever, but then some unforseen change comes about, and unable to cope, they die. Others shut down within hours or days of being born. While some stay on life support for an unusually long time, others make a surprise recovery. […]
Kapchorua Tea Kenya Posts KSh19.4 Million Profit, Declares Ksh 10.00 Dividend
Kapchorua Tea Kenya PHOTO I Williamson Tea Agricultural company Kapchorua Tea (KAPC.ke) reported a profit of KSh19.4 million for the financial year ended 31st March 2020. This is compared to a loss of KSh125.7 million during the previous financial year. Kapchorua Tea declared a final Dividend Per Share (DPS) of Ksh 10.00 (11.3% dividend yield), […]
Home Afrika Loses 3.85% in Share Price but Locks Spot in the Top Movers Category
On Monday, Home Afrika lost 3.85 percentage points in its share price after closing the day selling its stocks at 0.50 shillings from 0.52 shillings on Friday. While the real estate development company shed points on its share price, it secured a spot in the top movers’ category behind large-cap stocks such as Safaricom, KCB […]