BOTH of the major indices were on the green during the first week of May, which ended on 07th May 2021. The Tanzania Share Index (TSI) and the All Share Index (DSEI) both gained 21.05 points and 33.11 points respectively. This is due to a rise in the market capitalization, where the domestic market cap […]
Daniel Kinoti and his wife Ruth at their milling factory in Meru. PHOTO | LEOPOLD OBI | NMG A few years ago, when the government tried to impose a 50 per cent levy on sorghum beer, a couple was left stranded with tonnes of grain they didn’t know what to do with. But that would […]
In Kenya and abroad, the stock market has minted millionaires. It is where Warren Buffet, one of the world’s richest men, made the bulk of his Sh8 trillion net worth. More Kenyans, including “small investors” with as little as Sh10,000, are now trading in the stock market hoping to strike it big. However, there are […]
The Nairobi Securities Exchange (NSE) has stepped up its push for the sale of additional government stake in Safaricom and cash-rich parastatals like Kenya Ports Authority (KPA) to cut the State appetite for expensive loans in the short term. The NSE chief executive Geoffrey Odundo told Parliament Tuesday that the State has the potential to […]
EGM Securities, a subsidiary of Equiti Group , announced today that the broker will offer derivative contracts on the Nairobi Stock Exchange (NSE). The new NSE derivatives will enable investors to start trading in less than 5 minutes due to an efficient onboarding process, compared to the current average processing time of 2 days. According […]
The Nairobi Securities Exchange (NSE) has stepped up its push for the sale of additional government stake in Safaricom and cash-rich parastatals like Kenya Ports Authority (KPA) to cut the State appetite for expensive loans in the short term. The NSE chief executive Geoffrey Odundo told Parliament Tuesday that the State has the potential to […]
This new NSE derivatives offering, with a 5-minute onboarding process instead of the two-day average in Kenya, has been made possible through collaboration between the NSE Derivatives Market, EGM Securities and their parent company Equiti Group’s global Product team. EGM Securities, a subsidiary of Equiti Capital, has become Kenya’s first online trading broker to offer […]
THE week that ended on 16th April 2021 was an eventful week which saw the major indices go in different directions. The Tanzania Share Index (TSI) dropped by 14.61 points after a movement on five counters with the bear having an upper hand. The prices of DSE and NICOL went up by 3.77 per cent […]
Investors at the Nairobi Securities Exchange (NSE) will now trade online on derivative contracts of blue-chip firms like Safaricom #ticker:SCOM, KCB Group #ticker:KCB, Equity Bank #ticker:EQTY and East African Breweries #ticker:EABL. This comes after NSE granted online forex trader EGM Securities the operating licence on Tuesday to trade derivative contracts at the bourse. EGM Securities, […]
THE two major indices faced down during the week while the equity turnover significantly rose as pension funds scale up participation in financial markets. The Tanzania Share Index (TSI) dropped by a mere 0.04 point to close the week at 3,518.04 points, resulting from a decline of JATU. The price of JATU fell by 2.33 […]
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