Preference for the five biggest stocks traded at the Nairobi Securities Exchange #ticker:NSE (NSE) has climbed to a 12-year-high, new data has revealed, an indication of growing appetite by investors placing their hopes on only a limited number of counters. On the flip side, the trend also shows that investors are concentrating their risk. Statistics […]
Tag: stanlib fahari
IFLR Sub-Saharan Africa Awards 2020: shortlist revealed
IFLR is delighted to reveal the shortlist for its inaugural Sub-Saharan Africa Awards 2020. Below is the full list of deal, team and national and international firm of the year finalists. The IFLR awards focuses exclusively on legal innovation in cross-border transactions. For the 2020 awards, transactions must have reached financial close between May 31 […]
Car And General (K) Kicks Off The Week As Top Gainer Of The Day
The week kicked off with Car and General (K) carrying the day at the Nairobi Securities Exchange as the top gainer of the day with 9.74 percent at the price of 23.10 shillings per share. Express and Nairobi Business Ventures were the second and third top gainers on Monday with 9.74 and 7.14 percent respectively […]
ICEA spends Sh263m to buy rival Stanlib’s Kenya, Uganda units
A Stanlib investors briefing in Nairobi on March 29, 2018. PHOTO | SALATON NJAU | NMG ICEA Lion Asset Management Limited (ILAM) has paid 43 million rands (Sh263 million) to purchase rival fund manager Stanlib’s operations in Kenya and Uganda. The transaction was completed in June. Johannesburg-based insurance group Liberty Holdings, the parent firm of […]
Top 5 Gainers, Losers And Movers At The NSE On Wednesday
The top 5 gainers of the day at the Nairobi Securities Exchange on Wednesday were TPS Eastern Africa (Serena), Umeme, Sameer Africa, Bamburi Cement, and Nation Media Group. TPS Eastern Africa (Serena) gained 9.92 percent at the price of 14.40 shillings per share followed by Umeme with a gain of 9.88 percent at the price […]
Diamond Trust Bank Top Gainer As East African Cables Tails
Diamond Trust Bank was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.56 percent at the price of 69.00 shillings per share. Olympia Capital was the second top gainer with 4.91 percent at the price of 2.35 shillings per share followed by the giant telecommunications company, Safaricom who […]
ICEA’s property fund Ilam Fahari I-Reit records Sh86m half-year profit
ICEA Lion Asset Management CEO Einstein Kihanda. PHOTO | SALATON NJAU Property fund Ilam Fahari I-Reit (formerly Stanlib Fahari) has reported a half-year to June net profit growth of 13 percent to Sh86 million on increased rental income and reduced operating costs. The rise, from Sh76.4 million profit posted in a similar period last year, […]
Standard Group Emerges As Top Loser At NSE On Tuesday
The top loser of the day on Tuesday at the Nairobi Securities Exchange (NSE) was the Standard Group. The company lost 9.84 percent at the price of 22.45 shillings per share. Eveready East Africa was the second top loser with 7.48 percent at the price of 0.99 shillings per share followed by Sanlam Kenya with […]
Kakuzi Kicks Off The New Week As Top Gainer At The NSE
On Monday, Kakuzi emerged as the top gainer of the day at the Nairobi Securities Exchange (NSE) with 9.76 percent at the price of 360.00 shillings per share. Sasini Tea and Coffee, and Williamson Tea Kenya gained 6.75 and 4.56 percent at the price of 17.40 and 143.25 shillings per share respectively. Eveready East Africa […]
ICEA Lion takes over Stanlib Fahari I-Reit
ICEA Lion Asset Management CEO Einstein Kihanda. PHOTO | SALATON NJAU ICEA Lion Asset Management has taken over the management of listed property fund Stanlib Fahari I-Reit after signing an agreement to acquire its former administrator Stanlib Kenya. Stanlib’s operations included asset management and the running of the property fund and ICEA is assuming all […]
