Nairobi Securities Exchange Launches New Equities Trading System
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The Nairobi Securities Exchange PLC (NSE) has commissioned a new equities trading system following approval by the Capital Markets Authority (CMA) on 8 October 2019.
1M | 3M | YTD | 1Y | 2Y |
-2.97% | -3.07% | +19.01% | +2.45% | -12.26% |
Value Traded (Mln KES) 86.75 |
Volume 6,479,300 |
Transactions - |
Market Cap. (Bln KES) 1,625.98 |
The Nairobi Securities Exchange PLC (NSE) has commissioned a new equities trading system following approval by the Capital Markets Authority (CMA) on 8 October 2019.
On Wednesday’s trading session at the Nairobi Securities Exchange, banking sector stocks continued to soar following a move by members of the finance committee in Parliament to support of the President’s recommendation to do away with the interest rate cap. The committee passed the motion on Tuesday in a meeting.
Activity at the NSE was up when the bourse updated issuer codes for select counters. This is to reflect counters which changed either changed their corporate identities or changed names after either a merger or acquisition. The NSE said renaming the counter was meant to create standard identification system for issuers and unable easy identification by investors at the bourse.
Market activity at the Nairobi Securities Exchange Plc (NSE) soared to a three month high Thursday on the back of increased trading volumes and renewed investor appetite. This is after President Uhuru Kenyatta refused to assent to proposals in the Finance Bill 2019 which sought to repeal the Interest Rates Cap law.