Nairobi Securities Exchange Fans Forum

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NCBA, Absa topple KCB in banks valuation race at NSE NCBA Group and Absa Bank Kenya have overtaken KCB in market valuation at the NSE.

NSE shrugs off record earnings and dividends..

Analysts expected the enhanced payouts that have followed a recovery in profitability last year to spur a rally in share prices as investors eye a slice of the dividends, but this has failed to materialise.

NSE shrugs off record earnings and dividends The raft of dividend announcements and record earnings made in the past three weeks has failed to excite the stock market, with share prices registering muted growth.

Day trading allows investors to buy and sell the same company shares several times in a single day with the aim of making gains from small price movements, sometimes riding on events that sway share prices.

Investors snub day trading at NSE on charges Same-day trading of shares accounted for only 3.4 percent of total deals at the Nairobi bourse, reflecting investors’ apathy towards buying and selling securities multiple times in a single day

Investors can now buy and sell the same company shares several times during a single day taking advantage of small price movements.

The Nairobi Securities Exchange (NSE) finally launched day trading on Monday, two years after setting up a system that separates trading and post-trading activities hence allowing for trading positions several times during the day.

The move is welcome news for investors and traders looking to make gains from small price movements and timely events that can sway share prices.

NSE launches day trading Investors can now buy and sell the same company shares several times during a single day taking advantage of small price movements.

Double-digit gains in the period on the stocks of Safaricom (41.8 percent), Equity Group (38.3 percent), KCB (19.6 percent) and Cooperative Bank (12.7 percent) fuelled the gains, with the funds’ overall equity portfolio gaining 31 percent.

Safaricom lifts pension earnings to four-year high Pensioners have enjoyed the highest returns from investments in four years helped by the big gains on the shares of Safaricom and large banks.

A US government agency has delayed the disbursement of a $500million (Sh53.97 billion) loan to finance the entry of a Safaricom-led consortium into the Ethiopian telecoms market, citing uncertainty over the ongoing unrest in the country’s Tigray region.

“DFC is working closely with its partner agencies in the US government to monitor the situation in Tigray and will carefully consider its impact on any potential financing of the Vodafone consortium,” the US State agency told the Business Daily in an e-mail response.

US delays Sh54bn loan for Safaricom Ethiopia entry A US government agency has delayed the disbursement of a $500million (Sh53.97 billion) loan to finance the entry of a Safaricom-led consortium into the Ethiopian telecoms market, citing...

The Nairobi Securities Exchange (NSE) will introduce day trading from next month to deepen capital markets, where turnover and trading activity has remained flat in recent years.

The NSE said on Tuesday it had received approval from the Capital Markets Authority (CMA) for the roll out of day trading on 22 November.

Day trading refers to the practice of purchasing and selling a security within a single day or trading session or multiple times over the course of the day.

“Day trading is a welcome move for local investors who have previously lobbied for the activation of the intraday trading, as they seek to take advantage of intraday price movements and increase their profit margins,” said Mr Odundo.

“Day trading will allow investors to trade on one position, two or three times per day,” said NSE Chairman, Kiprono Kittony.

NSE banks on day trading to deepen market The Nairobi Securities Exchange (NSE) will introduce day trading from next month to deepen capital markets, where turnover and trading activity has remained flat in recent years.

Investors bid a total of Sh37.9 billion in the issuing round, EABL said, representing an oversubscription of 275 percent.

“We issued this medium-term note based on our proven track record in the debt capital markets and we are pleased that investors have resoundingly expressed their confidence in this business, and the willingness to share value from our growth,” said EABL group chief executive Jane Karuku in a statement.

EABL Sh11bn bond oversubscribed three times East African Breweries Limited (EABL) said yesterday its Sh11 billion bond was oversubscribed by more than three times signalling renewed investor confidence in the previously troubled local bond...