Nairobi Securities Exchange Fans Forum

https://www.businessdailyafrica.com/bd/corporate/companies/ncba-absa-topple-kcb-in-banks-valuation-race-at-nse--4406050

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.

https://www.businessdailyafrica.com/bd/markets/capital-markets/nse-banks-on-day-trading-deepen-market-3597680

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...

Pick a stock.
We have over 60 listed companies at the Nairobi Securities Exchange (NSE).
These stocks are priced differently and the companies operate in different industries.
Here are some simple tips you can apply when picking a stock to get you started in your investing Journey.

1. Determine your investment goals
2. Invest in companies you understand
3. Understand what gives the company a competitive advantage over others
4. Look at past performance and dividend payouts
5. Leadership (Board and Management)

Talk to any of the approved stockbrokers/custodian banks here to open a CDS account and start investing https://www.cdsckenya.com/investor-education/cda-list

If you want to invest in the Kenyan Capital Markets, you need two things to get you started.
1. A stockbroker/custodian bank
2. A CDS account

Learn how to get started on your investment journey here: https://www.youtube.com/watch?v=WLBY78my5q8

Here's a little reminder of what the 'capital markets' are. For more info on how to participate in the capital markets, visit our website: www.cma.or.ke

To invest and own shares of companies listed on the Nairobi Securities Exchange (Nse Kenya-NSE) you need to have a CDS account.
CDSC has appointed Central Depository Agents (CDAs) to open CDS accounts for investors.
Reach out to any of the appointed CDAs here: https://www.cdsckenya.com/investor-education/cda-list
Opening a CDS account is instant and FREE!

To invest and own shares of companies listed on the Nairobi Securities Exchange (NSE) you need to have a CDS account.
CDSC has appointed Central Depository Agents (CDAs) to open CDS accounts for investors.

Reach out to any of the appointed CDAs here: https://www.cdsckenya.com/investor-education/cda-list

Opening a CDS account is instant and FREE!

Safaricom’s stock rally has pushed the entire market value to a 39-month high of Sh2.815 trillion, helped by other top counters such as Equity , KCB and Co-op Bank

whose gains over the seven trading days stand at Sh4.71 billion, Sh3.05 billion and Sh880 million respectively.

The NSE’s combined wealth was last seen at this level on April 13, 2018 when it closed at Sh2.819 trillion.

Safaricom share hits highest price since NSE listing Safaricom’s share price hit a new record Thursday, earning investors Sh78.13 billion in a week and lifting the NSE to a 39-month high.

The top four listed companies by market capitalisation — Safaricom, Equity Bank, EABL, and KCB — have seen their share prices rise by between 16 and 35 percent since January. They account for 78.5 percent of all the investor wealth at the stock market and the bulk of pension fund investments in the equities sector.

Pension scheme returns double on resurgent NSE The rally in large stocks at the Nairobi bourse doubled returns of pension funds in the second quarter.

Although the only products available are single stock futures and equity index futures, there is scope for introduction of more products with time.

Equity index futures are derivative instruments that give investors exposure to price movements on an underlying index, which in Kenya is the NSE 25-Share Index, while the equity single stock futures are based on price movement of several equities including Safaricom, KCB Group, Equity Group, Absa Bank, EABL and BAT.

Great opportunities abound in derivatives trading at NSE Next facilitates trading of futures contracts in the Kenyan market.

Market data from the exchange shows that investors traded bonds worth Sh469.7 billion in the six months to June compared to Sh294.6 billion in the first half of last year, and are on pace to hit a new record high this year.

The turnover was also helped by a liquid money market in the period — particularly in the second quarter of the year — which was largely being directed into government securities both in primary auctions and through the secondary market at the NSE.

Bond turnover at NSE rises 59pc in first half The traded value of bonds at the NSE in the first half of the year outpaced that of the corresponding period in 2020 by 59 percent.

Kenya’s Securities Depository (CDSC) Gets Ready To Unveil Upgraded System With New API The Central Depository & Settlement Corporation (CDSC), the premier provider of clearing and settlement services in the Kenya's Capital Markets is getting

Safaricom PLC, Equity Bank Kenya, KCB Group, East African Breweries Limited (EABL) and Cooperative bank Kenya —which now account for 81 percent of NSE wealth—added Sh191.61 billion in the days since May 19.

NSE hits 3-year high on bank, Safaricom stocks The value of shares traded on the Nairobi bourse yesterday hit a three-year high, buoyed by a rally in Safaricom and banking stocks.

MPs increased excise duty on airtime and data from 15 percent to 20 percent, which will see the Treasury raise at least Sh8 billion from Safaricom, Airtel and Telkom Kenya.

Uhuru accepts Parliament’s fresh airtime, betting taxes President Uhuru Kenyatta has assented to the Bill introducing new taxes on airtime and betting.

Family Bank Ltd today officially rang the bell to mark the listing and the commencement of trading of its corporate bond. The successful offer raised a total of KES 4.42 billion against a KES 3 billion target, marking a subscription of 147.3%.

The upturn in equities trading volumes followed an increase in share prices of blue-chip counters which account for the bulk of activity at the exchange.

Safaricom, which is the largest firm in the market by market capitalisation, accounted for the biggest share at 56.5 percent of the total turnover. Its turnover rose from Sh5.65 billion in April to Sh7.99 billion last month, with the demand driven by the successful bid for a telco licence in Ethiopia.

Bonds, equities turnover at NSE up sharply in May The NSE said that turnover in the equities segment rose from Sh9.9 billion in April to Sh14.2 billion in May.

BAT Kenya Ltd, East Africa Breweries Limited (EABL) and Safaricom PLC led five stocks whose increase in investor wealth at the Nairobi Securities Exchange (NSE) since the start of the year surpassed the remaining 50 companies.

The five stocks recorded a combined gain of Sh334 billion since January 1, representing 107.7 per cent of the Sh310 billion appreciation of all shares at the NSE.

This is exposing the distortion of the bourse’s performance by the blue-chip stocks, which is making it difficult for investors to gauge the performance of the NSE.

The NSE seems to be on a bull run and fully recovered from the effects of Covid-19, as investors bank on a rollout of coronavirus vaccines to keep the global economic recovery on track.

But a closer review of the market reveals that a few stocks have dominated the rally, with 12 stocks including Equity Bank Kenya, KCB Group and Nation Media Group recording double-digit growth since the year started.

Five stocks making NSE investors rich Safaricom, BAT, EABL, KCB and Equity rise in owners' wealth beats gains of entire Nairobi Securities Exchange.

UNDERSTANDING SLB, RISK EXPOSURES AND MITIGATION MEASURES A discussion on how you can lend your shares, the risks involved and the mitigation measures in place to ensure all participants are protected

Chief Finance Officer Dilip Pal says this has been catered for in the capital expenditure plans for the telco.

“When we started, we had about 15 sites where we have had the signal as we speak. This is expected to go up to about 100-250 sites by the end of the year,” said Mr Pal.

Safaricom in March launched the upgraded network in major urban centres including Nairobi, Kisumu, Kisii and Kakamega— all of which routinely witness increased data traffic.

Safaricom eyes 250 sites for 5G by end of year Safaricom wants to raise fifth-generation (5G) sites by up to 17 times by the end of the year.

Japan’s conglomerate Sumitomo Corporation is the second-largest investor with a 27.2 per cent stake, followed by UK’s sovereign investment fund CDC Group (10.9 per cent) and South Africa’s Vodacom Group (6.2 per cent).

Vodafamily Ethiopia Holding Company Limited, incorporated in England, will own Netherlands-registered Global Partnership for Ethiopia B.V. (GPE).

GPE will in turn own a new operating company in Ethiopia whose licence will run for 15 years, with the right to apply for an additional 15 years.

“As Safaricom will directly or indirectly hold more than 50 per cent equity stake in each of the consortium companies, each such consortium company will become a subsidiary company of Safaricom,” the telco said in a notice.

Safaricom reveals ownership of Ethiopia venture Safaricom will own a majority stake in a series of companies formed for entry into Ethiopia’s telecoms market.