Nairobi stock market shares

The Nairobi Securities Exchange NSE was established in as the Nairobi Stock Exchangebased in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya.

A stock exchange was first floated in at the Exchange Bar in the Stanley Hotel in Nairobi. At that time, stock broking was a sideline business conducted by accountants, auctioneers, estate agents and lawyers who met to exchange prices over a cup of coffee.

Because these firms were engaged in other areas of specialisation, the need for association did not arise. Inan estate agent named of Francis Drummond established the first professional stock broking firm. He also approached the finance minister of Kenya, Sir Ernest Vasey, and impressed upon him the idea of setting up a stock exchange in East Africa.

The two approached London Stock Exchange officials in July and the London officials accepted to recognise the setting up of the Nairobi Stock Exchange as an overseas stock exchange. In the Nairobi Stock Exchange was then constituted as a voluntary association of stockbrokers registered under the Societies Act.

Since Africans and Asians were not permitted to trade in securities, until after the attainment of independence inthe business of dealing in shares was confined to the resident European community. At the dawn of independence, stock market activity slumped, due to uncertainty about the future of independent Kenya. Notably, on 18 February the NSE Share Index recorded an all-record high of points. The NSE also moved to more spacious premises at the Nation Centre in Julysetting up a computerised delivery and settlement system DASS.

For the first time since the formation of the Nairobi Stock Exchange, the number of stockbrokers increased with the licensing of eight new brokers. Inthe largest share issue in the history of NSE, the privatisation of Kenya Airways, came to the market. The Kenya Airways Privatization team was awarded the World Bank Award for Excellence for for being a model success story in the divestiture of state-owned enterprises.

With effect from 1 JanuaryKenya adopted the International Accounting Standards IAS as the local accounting standards. The Central Depository System CDS Act and the amended CMA Act which covers Collective Investment Schemes CIS are passed by Parliament and receive presidential assent, paving the way for the full implementation of the CDS and for the introduction of collective investment schemes in the Kenyan market. Following the signing of a partnership agreement with the Association of National Numbering Agencies ANNA in Septemberthe NSE was appointed as the National Numbering Agency NNA for Kenya.

The NNA is responsible for issuing the ISIN for financial securities issued under Kenyan jurisdiction in accordance with the ISO guidelines issued by ANNA. In October NSE becomes a member of the Association of National Numbering Agencies ANNAthe global securities numbering agency. In April CMA announced the approval of the new NSE trading and settlement rules.

Nairobi Securities Exchange - NSE Kenya

The amount for block trades was revised upwards from Kshs. The block trade rules now apply to trade values of above Kshs. The CDSC being the legal entity that owns and runs the clearing, settlement, depository and registry system for securities traded in Kenya's capital markets.

As of Novemberthe NSE became the sole NNA in Kenya, responsible for allocating the unique code for quoted and unquoted securities domiciled in Kenya. In March the CDSC in collaboration with the NSE commenced the CDS Education Campaign in preparation for the market automation. For the year ending 31 Decemberthe exchange recorded an equity turnover exceeding Kshs. The NSE celebrated its Golden Jubilee inand also had the privilege of hosting the 8th ASEA conference.

In MayNSE formed a demutualisation committee to spearhead the process of demutualisation. A demutualisation consultant Ernst and Young was appointed to advise on the process. In September live trading on the automated trading systems of the Nairobi Stock Exchange was implemented.

Share Price - Nairobi Securities Exchange (NSE)

The ATS was sourced from Millennium Information Technologies MIT of Colombo, Sri Lanka, who are also the suppliers of the Central Depository System CDS.

MIT have also supplied similar solutions to the Colombo Stock Exchange and the Stock Exchange of Mauritius. The NSE ATS solution was customised to uphold the spirit of the Open Outcry Trading Rules in an automated environment. In the same breadth, trading hours increased from two Other innovations included the removal of the block trades board and introduction of the functionality for the trading of rights in the same manner as equities. Besides trading equities, the ATS is also fully capable of trading immobilised corporate bonds and treasury bonds.

An MoU between the Nairobi Stock Exchange and Uganda Securities Exchange was signed in November on mass cross listing.

The MoU allowed listed companies in both exchanges to dualist. This will facilitate growth and development of the regional securities markets. In February NSE upgraded its website to enhance nairobi stock market shares and faster access of accurate, factual and timely trading information. The upgraded website is used to boost data vending business. In July NSE reviewed the Index and announced the companies that would constitute the NSE Share Index.

A wide area network WAN platform was implemented in ; this eradicated the need for brokers to send their staff dealers to the trading floor to conduct business. Trading is now mainly conducted from the brokers' offices through the WAN. However, brokers under certain circumstances can still conduct trading from the floor of the NSE. Inthe NSE All Share Index Visa fx rates australia was introduced as an alternative index.

Its measure is an overall indicator of market performance. Binary options with a minimum deposit training Index incorporates all the traded shares of the day.

Its attention is therefore on the overall market capitalisation rather than the price movements of select counters. In AprilNSE launched the NSE Smart Youth Investment Challenge to promote stock market investments among Kenyan youth. After the resignation of Chris Mwebesa, the NSE Board appointed Peter Mwangi to be the new NSE chief executive in November The Complaints Buy penny stocks online with paypal Unit CHU was launched in August to bridge the confidence gap with NSE retail investors.

CHU provides a forex trading knowledge in hindi and convenient way to have any concerns processed and resolved. The Nairobi Stock Exchange marked the first day of automated trading in government bonds through the Automated Trading System ATS in November The automated trading in government bonds marked a significant step in the efforts by the NSE and CBK towards creating depth in the capital markets by providing the necessary liquidity.

In DecemberNSE marked a milestone by uploading all government bonds on the ATS. Also inNSE launched the Complaints Handling Unit CHU SMS System analisa forex hari ini gbpusd make it easier for investors and the general public to forward any queries or complaints to NSE.

In Julythe Nairobi Stock Exchange Limited, changed its name to the Nairobi Securities Exchange Limited. The change of name reflected the strategic plan of the Nairobi Securities Exchange to evolve into a full service securities exchange which supports trading, clearing and settlement of equities, debt, derivatives and other associated instruments.

This allowed investors who sell their shares, to get their money three 3 days after the sale of their shares. The buyers of these shares, will have their CDS accounts credited with the shares, in the same time. In September the Nairobi Securities Exchange converted from a company limited by guarantee to can you make money with cashcrate company limited by shares and adopted a new Memorandum and Articles of Association reflecting the change.

In Octoberthe Broker Back Office commenced operations. The system has the capability to facilitate internet trading which improved the integrity of the Exchange trading systems and facilitates greater access to the securities market.

Make money in elder scrolls online November the FTSE NSE Kenya 15 and FTSE NSE Kenya 25 Indices were launched.

The launch of the indices was the result of an extensive market consultation process with local asset owners and fund managers and reflects the growing interest in new domestic investment and diversification opportunities in the East African region.

As of Marchthe Nairobi Securities Exchange became a member of the Financial Information Services Division FISD of the Software and Information Industry Association SIIA. In March the delayed index values of the FTSE NSE Kenya 15 Index and the FTSE NSE Kenya 25 Index were made available on the NSE website www.

In Maythe Nairobi Securities Exchange moved to the Exchange, 55 Can i have us stocks in my tfsa Road, Westlands, Nairobi. On 27 JuneThe Capital Markets Authority proved the listing of the NSE stock through an IPO and subsequently self-list its shares on the Main Investment Market Segment.

The IPO was set to open on 24 July and would run up to 12 August The NSE IPO was oversubscribed by In Novemberthe NSE welcomed two new listing to the bourse, i. Flame Tree Group, [10] an FMCG company and Kurwitu Ventures, [11] a Sharia complient investment company.

Both were listed in the Growth Enterprise Market Segment by way of introduction. Effective 11 FebruaryCMC HoldingsKenya's largest importer of vehicles and largest car-assembly company, was de-listed from the NSE, following its take over by the Al-Futtaim Groupbased in the United Arab Emirates.

In Marchthe NSE officially joined the United Nations Sustainable Stock Exchanges SSE initiative whereby they made a voluntary pledge to inform their stakeholders of the importance of integrating sustainability in their capital markets. NSE is a member of the African Securities Exchanges AssociationEast African Securities Exchanges Association and an affiliate member of World Federation of Exchanges. Other than stock and bond trading as the main business of the NSE, the exchange has the following investments: The shares of the Nairobi Securities Exchange are listed and traded on its own main board, under the symbol: As of 31 December [update] the shareholding in the bourse's stock was as depicted in the table below: Nairobi Securities Exchange is governed by a eleven-person Board of Directors with Samuel Kimani serving as the Chairman of the group and Geoffrey Odundo as the CEO.

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May Learn how and when to remove this template message. Samuel Kimani - Chairman Geoffrey Odundo - CEO. NSE All Share Index NSE 20 Share Index FTSE NSE Indices FTSE NSE Kenya 15 Index FTSE NSE Kenya 25 Index FTSE NSE Kenya Govt. Bond Index FTSE ASEA Pan African Index. Cabinet Secretary, Treasury of Kenya. Investor Compensation Fund Board.