Following the release of the FY’2022 results by the Nairobi Securities Exchange (NSE) listed banks, we performed an analysis on the financial performance of these ten banks and identified the key factors that shaped the performance of the sector. The Core Earnings per Share (EPS) for
Kenya Electricity Generating Company PLC (KenGen) stocks rallied Wednesday hours after it announced a record Ksh.4.7 billion profit. The Wednesday close saw the power utility sell Ksh.3.31 per share from the previous day at Ksh.3.26, a 1.53 percent jump in stock sell. Its net profit in nine
Foreign investment at the Nairobi Securities Exchange slumped to its 8-year low of 35.9 percent in September. Data from the Capital Markets Authority (CMA) indicates that net portfolio outflows by foreign investors in nine months to the end of September stood at Ksh.19.5 billion. This is in
The Nairobi Securities Exchange (NSE) Employee Share Ownership Plan (ESPO) Unit Trust has received an additional 387, 401 shares following the board’s approval. It comes with a grant of units to qualified employees in continuation of the NSE ESOP scheme. The scheme had earlier been approved on
The Nairobi Securities Exchange (NSE) has temporarily suspended part of the fees involved in day trading. The waiver is expected to touch on ‘second leg’ fees charged on investors for selling or buying stocks after an initial purchase or selling transaction. The move by the bourse is
Investors at the Nairobi Securities Exchange (NSE) will pay Ksh.1,200 annually or Ksh.100 monthly for the upkeep of their trading accounts. In a text message to investors, the Central Depository and Settlement Corporation (CDSC) said the fee will be effective July 15, 2022. “Dear investor, effective July
Serena Hotels profits plunged 47.6 percent drop to Ksh.632 million for the full year results ended December 31, 2021, from Ksh.1.2 billion recorded same period in 2020. Loss before tax stood at Ksh.703 million from Ksh.1.6 billion loss recorded in 2020. Serena Hotels, which trades as TPS
Sanlam Kenya PLC stocks rallied Friday on the Nairobi Securities Exchange (NSE) to trade Ksh.12.9 per share from Ksh.12.05 Thursday. Speculation in Sanlam shares is anchored on a deal which Sanlam Group’s signed with Allianz (Germany-based) mid this week. The Ksh.243.7 billion deal with Allianz is for
Stocks trading on the Nairobi Securities Exchange (NSE) will remain shut for three days starting April 29, 2022. This will stretch until May 3, 2022, the NSE said. The closure is due to the five-day-long weekend which starts on April 29 that has been declared a public
Banks’ net profit through the 12 months to December 31, 2021, rose to Ksh.141.5 billion from Ksh.80.29 billion in 2020. The profit record is for all lenders listed on the Nairobi Securities Exchange (NSE), as shown by Metropol Harvest. The rise in earnings is anchored on the
