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Nairobi Stock Exchange

 
Wikipedia: Nairobi Stock Exchange
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The Nairobi Stock Exchange (NSE) is the principal stock exchange of Kenya. It began in 1954 as an overseas stock exchange while Kenya was still a British colony with permission of the London Stock Exchange. The NSE is a member of the African Stock Exchanges Association.

Nairobi Stock Exchange is Africa's fourth largest stock exchange in terms of trading volumes, and fifth in terms of market capitalization as a percentage of GDP.[1] The Exchange works in cooperation with the Uganda Securities Exchange and the Dar es Salaam Stock Exchange, including the crosslisting of various equities.

The exchange has pre-market sessions from 09:00am to 09:30am and normal trading sessions from 09:30am to 03:00pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[2]

The NSE's offices and trading floor are located at the Nation Centre along Kimathi Street. Trading is done through the Electronic Trading System (ETS) which was commissioned in 2006. A Wide Area Network (WAN) platform was implemented in 2007 and 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.

Two indices are popularly used to measure performance. The NSE 20-Share Index has been in use since 1964 and measures the performance of 20 blue-chip companies with strong fundamentals and which have consistently returned positive financial results. Included in the Index are Mumias Sugar, Express Kenya, Rea Vipingo, Sasini Tea, CMC Holdings, Kenya Airways, Safaricom, Nation Media Group, Barclays Bank Kenya, Equity Bank, Kenya Commercial Bank, Standard Chartered Bank, Bamburi Cement, British American Tobacco, Kengen, Centum Investment Company, East African Breweries, EA Cables, Kenya Power & Lighting Company Ltd. and Athi River Mining. This index primarily focuses on price changes for these 20 companies.

In 2008, the Nairobi Stock Exchange All Share Index (NASI) was introduced as an alternative index. Its measure is an overall indicator of market performance. The Index incorporates all the traded shares of the day. Its attention is therefore on the overall market capitalization rather than the price movements of select counters.

There is however a third Index; the AIG 27 Index that compares price movements of 27 companies identified as relatively stable. The rational behind the index compares to that of the NSE 20-Share Index. But whereas the AIG is primarily defined by the AIG company (a financial service company and part of the AIG Group), the 20-share Index is from the NSE itself.

Contents

Market listings

Stock listings as of April 2008:

Main investments market listings

(MIMS)

Agricultural sector

Symbol Listing Notes
-- Kakuzi Limited Coffee, tea, passionfruit, avocados, citrus, pineapple, others
RVP Rea Vipingo Sisal Estate Sisal
STC Sasini Tea and Coffee tea, coffee
-- Unilever Tea --

Commercial and Services

Symbol Listing Notes
-- Access Kenya Group internet service provider
-- Car & General Kenya --
CMC CMC Holdings Cooper Motor Corporation; automobile distribution
HBL Hutchings Biemer Limited furniture
KAL Kenya Airways Kenya's flagship airline; crosslisted at Uganda Securities Exchange and Dar es Salaam Stock Exchange
-- Marshalls EA vehicles
NMG Nation Media Group newspapers, magazines, radio stations, television stations
-- Safaricom Mobile telephony
-- Scangroup Kenya advertising and marketing
-- Standard Group Ltd. newspaper publisher
TPS TPS Serena Tourism Promotion Services; hotels & resorts
USL Uchumi Supermarkets --

Industrial and allied

Symbol Listing Notes
ARM Athi River Mining cement, fertilizers, minerals; mining and manufacturing
BCC Bamburi Cement cement
BOC BOC Kenya East African Oxygen
BAT British American Tobacco Limited --
-- British Oxygen Kenya oxygen
CIL Carbacid Investments carbon dioxide
CBL Crown-Berger (Kenya) paints
ECL EA Cables cable manufacture
EPC EA Portland Cement portland cement
-- East African Breweries beer; crosslisted at Uganda Securities Exchange and Dar es Salaam Stock Exchange
-- Eveready East Africa batteries, disposable shavers
-- Kengen electricity generation
KOC Kenya Oil petroleum
MSC Mumias Sugar sugar estates and manufacture
-- Olympia Capital Holdings vinyl floor tiles; vinyl sheeting; rubber tiles; building materials
-- Sameer Group High tech, agribusiness, manufacturing, transport
TKL Total Kenya petroleum
UGL Unga Group flour milling

Finance and Investment

Symbol Listing Notes
BAR Barclays Bank of Kenya --
-- Centum Investment Company --
CFC CFC Stanbic Bank banking, investments
DTB Diamond Trust Bank of Kenya banking, investments
EBL Equity Bank Group crosslisted at the Uganda Securities Exchange
HFC Housing Finance Company mortgage financing
JIC Jubilee Insurance crosslisted at the Uganda Securities Exchange
KCB Kenya Commercial Bank Group banking & investments. Crosslisted on the Uganda Securities Exchange, the Dar-es-Salaam Stock Exchange and the Rwanda Over The Counter Exchange
-- Kenya Re-Insurance Corporation reinsurance
NBK National Bank of Kenya --
NIC National Industrial Credit Bank --
PAI Pan Africa Insurance --
SCB Standard Chartered Bank --

Alternative investment markets segment

(AIMS)

Symbol Listing Notes
ABC A Baumann machinery
CTL Citytrust Ltd financial services
EAL Eaagads Coffee
EXP Express Kenya logistics
KTC Kapchorua Tea --
-- Kenya Orchards fruit, preserves, juice
LTC Limuru Tea --
GWK Williamson Tea Kenya --

Fixed income security market segment

(FISMS)

Symbol Listing Notes
-- Kenya Power & Lighting Ltd 7% Pref electrical transmission, distribution and retail
-- Kenya Power & Lighting Ltd 4% Preferred --

External links

See also

References



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Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Nairobi Stock Exchange" Read more