|Wednesday 24th of November 2010
North Korean shells Asia Times
Law & Politics
Kim Tae-woo, senior fellow at the Korea Institute of Defense Analyses,
is pessimistic about getting China to persuade North Korea to back
down from its nuclear activities in view of rising Chinese strength in
the entire region.
"China is getting stronger and tougher," he says. "North Korea by
increasing its capability is bringing all kinds of side effects to
South Korea. They want to increase their leverage."
Like many experts here, he is pessimistic about getting the North to
alter its policy. "North Korea is intimidating and threatening South
Korea," he says. What can we do? Nothing."
The Little Man in North Korea sees a weaker President Obama and hence
a weaker American South Korea Guarantee. The Chinese are happy to have
North Korea stake out a more Forward Position.
Fathers and Sons North Korea [Tiny Little Hands]
Obama Sends Aircraft Carrier to South Korea After North’s Attack Bloomberg
Law & Politics
The U.S. sent an aircraft carrier to take part in exercises off the
Korean Peninsula in a show of strength after North Korea fired
artillery onto South Korean soil for the first time in half a century.
President Barack Obama talked with South Korean counterpart Lee Myung
Bak for 30 minutes by phone and dispatched the USS George Washington
from Japan today to take part in the drills. These will take place off
the South’s western coast from Nov. 28-Dec. 1, the U.S. Forces Korea
said in an e-mailed statement. There are about 25,000 American troops
stationed in South Korea.
“The United States stands shoulder to shoulder with our close friend
and ally,” Obama told Lee, according to a White House statement. North
Korea must stop its “provocative actions, which will only lead to
further isolation.” The two leaders agreed that further sanctions
against North Korea may be necessary, Lee’s office said in a
Currency Markets at a Glance WSJ
Euro 1.3396 2 Month Low The euro fell to $1.3364, down from $1.3629
South Korean Won 1141.95 The South Korean won tumbled 2.5% versus the
dollar in the one-month nondeliverable forward market Tuesday
India Rupee 45.615
ICE Dollar Index, which tracks the greenback against a trade-weighted
basket of its rivals, soared nearly 1.3% to a two-month high.
Korea and Ireland refer = Safe Haven Bid.
“The U.S. dollar is higher as the markets seek a safe haven after
North Korea fired artillery shells at South Korea and the euro-zone
jitters continue,” said currency strategists at Brown Brothers
German Chancellor Angela Merkel said during a speech at the German
employers association’s annual conference that the single currency
faces “an extraordinarily serious situation,” Dow Jones Newswires
A Great Deal depends on North Korea's Next Move.
I prefer buying the Dip on the Rand, the Aussie, Crude versus selling
it but everything is beholden to the News Flow. Was this a Flare now
out or the start of something?
Euro versus Dollar INO 1 Month Chart 1.3393 Last
Ireland Rating Cut Two Steps by S&P on Bank Bailout Bloomberg
World Of Finance
Ireland’s debt rating was lowered two steps by Standard & Poor’s, with
a negative outlook, as the nation’s bailout of its banking system is
set to escalate the government’s borrowing needs.
“The Irish government looks set to borrow over and above our previous
projections to fund further bank capital injections into Ireland’s
troubled banking system,” S&P said in a statement. Putting the rating
on “CreditWatch with negative implications” reflects risk of a further
downgrade if talks on a European Union-led rescue fail to stanch
capital flight, it said.
The downgrade risks worsening an investor exodus from Irish bonds that
has sparked contagion through the euro region, with Spanish bonds
tumbling yesterday, pushing the 10-year yield premium over German
bunds to a euro-era record. Ireland is hammering out an aid package
with the EU and the International Monetary Fund to rescue its banking
system.S&P cut Ireland’s long-term sovereign rating to A from AA- and
the short-term grade to A-1 from A-1+, today’s statement said. The
reduction leaves its long-term grade five steps above junk, or
high-risk, high-yield status, and five steps higher than Greece. It’s
now on a par with foreign currency ratings of Israel, the Czech
Republic and South Korea, according to data compiled by Bloomberg.
The Ivy: Steeped in Celebrity WSJ
Food, Climate & Agriculture
When I arrive on a bright recent morning at 10 a.m., the large
stainless steel kitchen is a hive of activity. In scenes reminiscent
of Macbeth, 100-liter copper vats of lobster bisque bubble away, as
trays of claws are thrown inside to stew and froth. Giant cauldrons of
beetroot simmer and splutter; they will soon be turned into a salad
with mimosa, rapeseed oil and mint. Over in the pastry section,
sleeping armies of tortellini are being prepared at lightening speed,
next to fragrant, freshly cooked tuiles and trays of pistachio nuts.
Delivery boys unload trays of wild chanterelle mushrooms and boxes of
pungent Asian herbs—including Vietnamese mint, wild pepper and banana
leaves, which in a few hours, will be wrapped around sea bass fillets
and served with soya beans and a sweet coconut dressing.
One of the things that makes the Ivy special is the clubby atmosphere
in the restaurant and that is what people come here for. "We do all
sorts of things to get the party going; the way you sit people, the
way you walk them around the room to their table. This is how you end
up getting Omar Sharif hugging Tony Curtis in the middle of the room,"
Mr. Peire says. Although sometimes they have to be careful, he warns:
"If someone is the arch enemy of someone else you can't sit them
opposite each other. It used to happen a lot with Harold Pinter as he
was always falling out with people. What we've created at the Ivy is
the fact that we control who comes in and where they sit."
When Nishet and I went in the Mid 1990s The Football Celebrity Thing
was exploding out of the Box and David James was seated next to us.
Nigeria to hold presidential election on April 9 Reuters
Nigeria will hold a presidential election on April 9, 2011, the
Independent National Electoral Commission (INEC) said on Tuesday,
ending months of uncertainty over the timetable for polls in Africa's
most populous nation.
Parliamentary elections will be held on April 2 while governorship
polls in the country's 36 states will round off the process on April
16, INEC chief Attahiru Jega told a news conference in the capital
GoodLuck Jonathan is seeking to upend a previously Long Standing
Nigeria Keeps Key Rate at 6.25%, Raises Deposit Rate Bloomberg
Nigeria’s central bank kept its benchmark interest rate unchanged and
raised the deposit rate as it looks to bring inflation below 10
percent.The monetary policy rate was left at 6.25 percent, Lamido
Sanusi, governor of the Central Bank of Nigeria, told reporters today
in Abuja, the capital. The borrowing rate was raised one percentage
point to 4.25 percent, while the lending rate was kept at 8.25
percent, he said.
“The decision was close,” with policy makers voting six to four for
the key rate to be left on hold, Sanusi said. “It could have gone
Inflation was little changed at 13.4 percent last month, compared with
13.6 percent the month before and the central bank’s target of less
than 10 percent. The persistence of high inflation remains a
challenge, Sanusi said today, while reaffirming the bank’s commitment
to price and exchange rate stability.Ahead of general elections due by
April, the central bank needs to “keep its checks in place” to curb
higher prices, Babatunde Obaniyi, an analyst at Afrinvest West Africa
Ltd., a fund manager based in Lagos, said by phone before the
Members of the monetary policy committee “agreed on the need for
tightening, but the discussions centered on the form and the timing of
the tightening,” Sanusi said. The key rate was left unchanged “on the
need to retain flexibility and allow the effect of the interest rate
decision to work through the system,” he said.
The economy of Africa’s largest oil producer and most populous nation
will expand about 7.8 percent this year, up from 7 percent last year,
Tightening conditions from the Monetary Policy Side but running a
Loose Fiscal Side.
Africa investment answer to global imbalances: Meles Reuters
World Of Finance
Investment by rich countries in African infrastructure could
ultimately curb global economic imbalances and spur worldwide demand,
Ethiopian Prime Minister Meles Zenawi said in an interview.Developed
and emerging nations have been bickering about economic policies for
weeks amid global tensions that have raised the spectre of a currency
war and trade protectionism.
Meles, who was one of only two African leaders invited to the Seoul
meeting, said the world's poorest continent was desperate for
investment and could offer a solution to global economic woes.
"As the G20 itself has admitted, the main problem is the global
imbalance of huge excess savings that have not found adequate returns
in real investment," Meles told Reuters.
"So you have trillions of dollars in savings moving from one commodity
to another and creating a desert as they go through this process," he
"If this money were to be invested in infrastructure in Africa, it
would increase global effective demand dramatically, because it would
bring Africa into the global consumption network and into the global
investment network," he said.
According to World Bank Managing Director Ngozi Okongo-Iweala,
Africa's collective gross domestic product in 2008 was equal to that
of Brazil and Russia and similar to where China and India were just
before their economies boomed.She said during a visit to Mauritius on
Monday that with growth of 4.6 percent expected across the continent
in 2011, Africa was the world's third-fastest growing region and
another 200 million people would enter the consumer market by 2015.
"The continent has more than 500 million people of working age. By
2040, their number is projected to exceed 1.1 billion, more than in
China or India," she told a news conference.
"Africa is part of this structural solution. You have huge savings
that the West can no longer use, these savings are not going to come
to an end in the east for the next few days or months," he said.
"So we were suggesting to the G20 that Africa is not an annex to their
global agenda. It is not something that they come to after they have
finished discussion on global economic issues," the Ethiopian leader
He is very articulate.
South Africa 's economy grew by a lower-than-expected 2.6 percent in the third quarter of 2010 Reuters
South Africa's economy grew by a lower-than-expected 2.6 percent in
the third quarter of 2010, highlighting the fragility of its recovery
and leaving the door open for another interest rate cut.The data comes
less than a week after the central bank painted a gloomy picture of
the economy, saying the outlook remained subdued.Bond yields fell
after the data, with the 2015 bond hitting a session low of 7.02
percent, from 7.07 percent prior to the release.The South African
Reserve Bank cut interest rates by 50 basis points last week, adding
to 600 basis points of cuts since December 2008, to help boost the
economy.Statistics South Africa said on Tuesday GDP expansion slowed
from a revised seasonally adjusted and annualised growth of 2.8
percent in Q2, way below forecasts of a 3.2 percent rise in a Reuters
poll.The economy expanded by 2.6 percent year-on-year unadjusted,
compared to a revised 3.1 percent in the second quarter of 2010, also
below forecasts of 3.5 percent expansion.
South Africa All Share Bloomberg Visual +11.9966% 2010
33,232 is the All Time High from 16th July 2008.
Bharti Airtel’s Kenyan Unit Plans 3G Rollout in First Quarter Bloomberg
Information & Communication Technology
Bharti Airtel Ltd.’s Kenyan mobile- phone unit will begin rolling out
3G services in the first quarter of 2011 as part of a push for more
customers and a return to profit at its unprofitable African
operations.New products will include e-mail and e-commerce services,
Rene Meza, managing director of Airtel Networks Kenya Ltd., said in an
interview yesterday in Nairobi, the capital. Airtel is considering
subsidizing laptops and Internet-enabled handsets to drive data use in
East Africa’s biggest economy, he said.
“We have finalized planning for 3G and we expect to have the services
rolled at the end of the first quarter, which will change mobile
telephony in the country,” Meza said.
Safaricom is currently the only operator of a third- generation
telecommunications network in Kenya. Bharti has a license to operate a
3G network, while Telkom Kenya will receive a similar permit tomorrow,
the Communications Commission of Kenya said today.Operators are
betting that increased data traffic will make up for the lower voice
revenue and are offering customers laptops, net books or smart phones
to attract new clients.
By 2015, there will be 265 million mobile broadband subscriptions in
Africa, up from about 12 million at the end of September, according to
Informa Telecoms & Media, a London-based research group.
Airtel Africa plans to double its subscriber base to 100 million in
two years time as it looks to return to profitability, said Chief
Executive Officer Jayant Khosla. Losses at Bharti’s African units,
including investment-holding companies for its mobile operations on
the continent, totaled 3.79 billion rupees ($83 million) in the three
months through September, according to accounts published on its
Bharti has operations in 16 African countries with about 459 million
people and a mobile customer base of 185 million people, according to
Bharti’s website. Airtel had 40 million customers in those markets at
the end of the second quarter, it said.
Losses at Bharti’s African units, including investment-holding
companies for its mobile operations on the continent, totaled 3.79
billion rupees ($83 million) in the three months through September,
according to accounts published on its website.
Mobile Telephony is Africa's Silver Bullet The Star Airtel and Safaricom
Massmart Says Sales For First 21 Weeks of 2011 Increased 13.9% Bloomberg
Retail & Manufacturing
Massmart Holdings Ltd. said total sales growth for the first 21 weeks
of the 2011 financial year was 13.9 percent.
Wal-Mart could lead corporate America into Africa csmonitor
By Aly-Khan Satchu September 28, 2010 Nairobi, Kenya
Wal-Mart has announced that it is prepared to pay approximately $4.2
billion for Massmart Holdings. Massmart Holdings is a
Johannesburg-headquartered chain of discount superstores with a grand
total of 290 stores in 13 African countries under brand names such as
Makro, Game, and Builders Warehouse. Massmart stores can be found as
far away as Ghana and Nigeria and there are stores even in President
Massmart would serve as "a fantastic entry point to a broader part of
the continent," said Andy Bond, a former CEO of Asda and the man
apparently spearheading the purchase. This acquisition, if completed,
will be the biggest acquisition undertaken by Wal-Mart in 10 years –
and of all places, it’s in Africa. For markets, this could be a game
changer, and I venture there are many computer screens in trading
floors around the world tracking this transaction very closely.
IMF agrees $500 mln credit program with Kenya Reuters
The International Monetary Fund said on Tuesday it had reached
preliminary agreement with Kenya on a $500 million extended credit
facility program.IMF mission chief to Kenya Domenico Fanizza said in a
statement the goal was to create fiscal room for spending on
infrastructure and the energy sector and help implement Kenya's new
constitution to address long-standing social and political
problems.Fanizza said the IMF board would meet in January to approve
Kenya passed a new constitution in a peaceful referendum on August 5
imposing greater checks on presidential powers. The new legal
framework also addressed corruption, political patronage, land
grabbing and tribalism which have plagued the country since
independence from Britain in 1963.
The country has had plans to issue a debut $500 million eurobond since
2007 but the government postponed the move after a violent
post-election crisis rattled investors and put Kenya's credit rating
Fanizza said the IMF-backed program targeted a reduction in the ratio
of government debt to gross domestic product to below 45 percent by
2013/14, while monetary policy would try to contain inflation within a
5 percent goal.It will also aim to rebuild Kenya's international
reserves to ensure Kenya can withstand economic shocks. Its foreign
exchange reserves have been stuck for months at 3.5 months of import
cover, below the statutory requirement of 4 months.The Kenyan
authorities were also seeking to simplify the tax code and eliminate
income tax exemptions, while also overhauling value added tax, Fanizza
added.Financial sector reforms will focus on cutting transaction costs
and eventually lowering spreads between deposit and lending rates, he
Positive For the Shilling.
Mackinder’s eagle owls which is native to Kenya
AN OWL enthusiast is saving an endangered species by breeding them in
his own backyard.
Chris Ashwin, 60, has bred 14 Mackinder’s eagle owls since he became
interested in the breed seven years ago.The Didcot resident, who has a
collection of 30 owls, says the breeding will boost the numbers of the
rare owl, which is native to Kenya.
He said: “They have disappeared so much in captivity and I had to do
something or they will disappear off the face of the earth. Owls
should be there for everybody to see.”
Mr Ashwin has to feed his birds about 100 day-old chicks and 20 rats a
night. He spends about £1,400 on the food every year.
The former courier became interested in the birds when he found an
injured tawny owl in the road 15 years ago.
He said: “There is no emotion with a bird of prey. They are just
“It is more of a hobby but it can be quite a busy one.”
He said he has been contacted by parents wanting to buy snowy owls for
their children after seeing the breed on the Harry Potter films.
But Mr Ashwin said: “Any sensible keeper would not allow that to happen.
“It would be a danger to the child and the owl too.”
Uganda’s Finance Minister Forecast Growth of 10% in 2011-12 Bloomberg
Uganda’s economy will expand about 10 percent in the year through June
2012, Finance Minister Syda Bbumba said.
“We are pursuing good economic policies which will see the economy
grow,” Bbumba said today in an interview in the capital, Kampala.
Growth will be driven by the service and construction industries,
Keith Muhakanizi, the deputy secretary to the Treasury, said in a
separate interview. The forecast for expansion next year compares with
the 6.4 percent that Bbumba projected on June 10 for the 2010-11
Uganda, with a population of 32 million people, will become an oil
producer later this year when Tullow Oil Plc starts production at its
Kasamene field. The East African nation is trying to reduce its
reliance on foreign donor aid, which accounts for about 4.6 percent of
gross domestic product, according to World Bank data.
Tullow, the U.K. explorer with the most licenses in Africa, plans a
partnership with France’s Total SA and China National Offshore Oil
Corp. to help develop Uganda’s oilfields. Neptune Uganda Ltd., a unit
of the London-based Tower Resources Plc, and Dominion Petroleum Ltd.
of Bermuda are the other companies exploring for oil in Uganda.
Kenya to auction frequencies, Orange gets 3G nod Reuters
Information & Communication Technology
Kenya's telecoms regulator has been talking to the government about
making extra spectrum available commercially, amid ever-growing
demand, and is to start auctioning frequencies.Charles Njoroge,
Director General of the Communications Commission of Kenya (CCK), also
said on Wednesday that Telkom Kenya, operated by France Telecom's
Orange, had been given a 3G licence, the country's third, for $10
Njoroge said CCK was "reviewing its spectrum pricing methodology with
a view to introducing market-based methods of assigning frequencies,
such as auctions.
"CCK has been in discussion with various government agencies to
migrate from the 2.5 GHz band and thus pave way for deployment of
wireless broadband services," he said.
Kenya had 7.8 million internet users, or 20 percent of the population,
at the end of June, the bulk of them accessing the web from mobile
Market leader Safaricom was given a 3G licence in 2007, and Indian
operator Bharti Airtel's local unit got one in July.Orange chief
executive Mickael Ghossein said the company would have its 3G service
up and running in the first half of 2011. The company has 15 sites on
3G and will spend 2-5 billion shillings in coming months on the
CCK also wants operators to redistribute their assigned spectrum and
introduce advanced technology such as 4G. Safaricom is already testing
a 4G service.
Kenya's I&M Bank gets $25 mln loan for lending Reuters
World Of Finance
Kenya's I&M Bank said on Wednesday it has received a 2 billion
shillings loan from the Netherlands Development Finance Company (FMO)
for onward lending especially to small and medium sized companies.
"The lending by FMO provides a positive signal which will help I&M
Bank to bridge the gap arising out of maturity and foreign currency
mismatches whilst simultaneously, presenting a stable and long term
source of foreign currency funding to meet the growing needs of the
market," the bank said in a statement.
Kenya's central bank says commercial lending was up 6 percent in the
third quarter to $11 billion.
The NSE20 eased back 28.03 points to close at 4548.77 making it a
total 3.33% retreat from 2010 Highs.
The NASI eased 0.21 points to close at 100.17.
Market Cap was 1.194985 Trillion versus 1.197574 Trillion.
Equity Turnover was 412.868m versus 372.963m last time.
The Bourse is seeing a lot of Rotation with Centum and Kenya Airways
both moving higher strongly today. EABL eased back further off its All
Time High of 226.00 posted Friday last.
N.S.E Equities - Agricultural
Rea Vipingo closed at 16.20 -4.14% and traded 24,100 shares.
Kakuzi firmed 2.39% to close at 85.50 and traded 300 shares.
Sasini Tea closed 1.89% easier at 12.95 and traded 143,400 shares.
N.S.E Equities - Commercial & Services
shares volume 6,121,000
total turnover 27,927,870
avg price 4.56 Closing Price 4.55
high price 4.60
low price 4.50
last price 4.60
Safaricom traded 4th at the Bourse with Buyers for in excess of 10m
shares now to be seen lurking at 4.50. Safaricom traded the session
out at 4.60 +1.11% and is oversold and overdue a Bounce through 5.00.
The Demand versus Supply Equation has tipped with Demand outweighing
Supply by a Factor of 2-1 signalling a Push Higher is now overdue.
Kenya Airways rallied 3.31% to close at 46.75 and traded a 45.75-47.00
range and 338,000 shares worth 15.822m. Kenya Airways reported
Muscular 1st Half results and The Forward Implied PE is now 7.5,
assuming the 1st Half is maintained at its Run Rate.
Kenya Airways 1st Half Results Analysis PE Ratio here www.rich.co.ke
TPS Serena was the 2nd most active share and closed unchanged at
68.00. TPS Serena traded a 68.00-69.00 range and 1.053m shares worth
72.071m. TPS Serena has recently witnessed Proparco take up a good
sized position on the share Register. TPS Serena has posted a 111.397%
1 Year Return and has ridden [as it should] a rising Regional Tourism
TPS Serena share price data PE Ratios and Graphs here www.rich.co.ke
ScanGroup snapped back 6.36% to close at 58.50 as some Buyers saw the
Recent Draw Down as overdone.
Access Kenya bounced 0.32% to close at 15.60 and 5 cents above its 12
Month Closing Low from yesterday. Access Kenya traded 86,900 shares.
CMC Holdings firmed 0.766% to close at 13.15 and traded 413,400 shares.
CarGen did not trade.
Nation Media closed 3.03% lower at 160.00 and traded 4,000 shares.
Standard closed at 44.00 and traded 900 shares.
N.S.E Equities - Finance & Investment
Equity Bank traded 3rd at the Bourse. Equity Bank was unchanged at
25.75 and traded a 25.75-26.00 range and 1.313m shares worth 34.071m.
COOP Bank traded 5th. COOP was unchanged at 19.85 and traded a
19.85-19.90 range and 1.473m shares worth 29.261m. COOP has retreated
from a 21.50 all time High last Month and has posted a 127.813% 1 Year
KCB was unchanged at 22.00 and traded a 22.00-22.25 range and 823,100
shares worth 18.113m. KCB trades on a Single Digit Forward and is
ahead of the Capital Curve Post the Rights Issue and I expect a Re
Rating coincident or before the Full Year Earnings Release.
Barclays Bank firmed 0.79% to close at 64.00 and traded 55,000 shares.
StanChart was unchanged at 271.00 and traded 27,400 shares.
Centum surged 5.43% to close at 24.25 and traded a 23.25-24.75 range
and 284,100 shares worth 6.909m. Centum reported an Outsize Turnaround
in their 1st Half Earnings Release.
Centum reports 1st Half Results here PE Ratio Graphs share data www.rich.co.ke
CFC StanBic traded 200 shares at 83.00 +0.61%.
DTB traded a 100 shares at 135 +1.5%
HFCK was unchanged at 26.00 and traded 37,900 shares.
NBK improved 25 cents to close at 38.75 and closed out the Session
trading at 39.50 +2.6% session highs. NBK traded 22,800 shares.
NIC firmed 0.52% to close at 48.50 and traded 18,200 shares.
Kenya Re closed at 11.60 and traded 259,700 shares.
Jubilee closed lower at 191.00 and traded a 188.00-195.00 range and
PanAfric traded 4,900 shares at an unchanged 70.00
Olympia Capital closed at 6.55
N.S.E Equities - Industrial & Allied
EABL was the most active shares at the Bourse. EABL retreated 1.792%
to close at 219.00 and traded a 215.00-220.00 range and 537,600 shares
worth 118.182m. EABL has posted a 64.986% 1 Year Return and traded an
all time High of 226.00 on 19th November and we have retreated 3.09%
from that Record High.
EABL share price data www.rich.co.ke
KPLC was unchanged at 29.50 and closed out the session at 30.00 +1.69%
trading. KPLC traded a 29.50-30.50 range and 611,800 shares worth
18.277m. KPLC has rebounded just under 10% from levels seen ahead of
the Right Issue Pricing Release.
KenGen was marked down 3.67% to close at 17.05 on light volume of 93,500 shares.
Cables closed at 17.35 and traded 3,500 shares only.
Mumias Sugar rallied 2.0666% to close at 9.90 and traded a 9.70-10.00
range and 1.481m shares worth 14.715m with an Inversion in the Demand
versus Supply Dynamic with Demand outweighing Supply by a Factor of
2-1 something not seen for about 8 weeks, post 9th August 15.50 Highs.
Bamburi Cement was unchanged at 195.00 and traded a 193.00-196.00
range and 93,200 shares. There has been a good deal of Traffic over
the last 2 sessions.
ARM closed 1.15% easier at 172.00 and traded 1,300 shares.
Portland did not trade.
Sameer closed at 6.70 on 7,800 shares. The Profits Warning has
impaired the share Price of all Merali Companies further. The
Impairment was entrenched but the % of Impairment has grown.
BAT was marked down 2.41% to close at 283.00 and traded a
280.00-288.00 range and 4,100 shares.
KenolKobil closed at 10.15 and traded a 10.15-10.25 range and 119,500
shares. It is near term oversold.
Total firmed 0.85% to close at 29.50 and was trading at 30.00 +2.56%
in the Session Finale. Total traded 9,100 shares.
BOC Kenya closed at 141.00 and traded 1,900 shares.
Carbacid rowed back 4.00 shillings to close at 146.00 and traded 1,900 shares.
Crown Berger closed at 32.00 and traded 2,000 shares.
Eveready was unchanged at 3.10 and traded 20,500 shares.
Unga closed at 11.60 and traded 10,700 shares.