STOCKS

This sections covers the stock market, specifically the Nairobi Securities Exchange – equities, bonds and derivatives.

Uchumi shares fall off investors’ radar

Two analysts have issued bleak outlook for Uchumi Supermarkets in research notes to investors. Cytonn Investments has made a U-turn from its earlier note advising investors...

KQ to sack 600 employees in May

Kenya Airways has announced that 600 employees will lose their jobs as it moves to restructure its operations. KQ has been in the limelight since CEO...

NBK sinks in Ksh1.2 billion loss

National Bank of Kenya (NBK) reported a full-year loss of Ksh1.2 billion, just a day after issuing a profit warning.  This is a major...

NSE indicators down despite rise in trade

Turnover rose to Ksh805M from the previous session’s Ksh525M, the number of shares traded stood at 30M against 23M posted yesterday. The NSE 20 Share...

Banks lift NSE to a two-month high

Bank stocks have picked up value in the past week as they continue to release full-year financial results, helping the NSE 20 share index...

Mobisol Solar System Makes Maiden Entry Into Kenyan Market

German based energy firm Mobisol has set up shop in Kenya looking to tap the growing demand for solar power solutions. Mobisol’s Solar System will...

East African Portland issues a profit warning

East African Portland Cement Company has issued a profit warning for the year ending June 30th 2016. This follows a Ksh528 million net loss...

KenGen half-year profit growth powered by higher sales

KenGen's net profit in the six months to December 31st, 2015 rose to Ksh5.67 billion on increased earnings from sale of power and other...