Browsing: Capital Markets Authority (CMA)

• Investors at the Nairobi Securities Exchange (NSE) lost $263.5 million (Sh34 billion) in paper wealth in the three months to September 2024.
• The volume of shares traded decreased slightly by 0.65% to 1.092 billion compared to 1.097 billion in Q2 2024.
• In the bond market, the turnover decreased by 29.37%, with Sh323.61Bn traded in Q3 compared to Sh458.2Bn in prior quarter.

Investors at the Nairobi Securities Exchange (NSE) lost $263.5 million or Sh34 billion in paper wealth in three months to September as the country recovered from shocks of the bloody Gen Z protests in June. The third quarter Statistics released by the Capital Markets Authority shows the market capitalisation at the Nairobi bourse dropped by 2.01 per cent during the period to Sh1.67 trillion from Sh1.71 trillion.

The $263.5 million drop in paper wealth is, however, lower than the $410.7 million (Sh53 billion) hit suffered in the three months …

• From January to March, investor confidence improved notably due to the stabilisation of the domestic currency (Kenyan Shilling), according to the Capital Markets Authority (CMA).
• The Capital Markets Soundness Report indicates a more stable shilling, which consequently positively influenced the equity markets, which improved compared to the quarter ending December 2023.
• The four market indices, NSE20, NSE25, NASI, and NSE10, closed at 1752.43, 2975.42, 113.09, and 1155.41 points respectively, an increase from 1,501.16, 2,380.23, 92.11, and 907.51 points.

Kenyan shilling on the rise

Nairobi Securities Exchange (NSE) was among the top African performers in the first quarter of 2024, buoyed by improved investor confidence that reduced outflows.

From January to March, investor confidence improved notably due to the stabilisation of the domestic currency (Kenyan Shilling), according to the Capital Markets Authority (CMA).

The Capital Markets Soundness Report for the period under review indicates a more stable shilling, which consequently positively …

• The Kenyan shilling has made a strong turnaround against the US dollar this week,
• Last Tuesday, Kenya successfully raised $1.5 billion from its Eurobonds buyback offer initiated on February 7, reducing the chance of defaulting payment on its $2-billion-dollar debt due in June.
• East Africa’s most robust economy plans to use the funds to repay its debut Eurobond issued in 2014.

The Kenyan shilling has made a strong turnaround against the Ubest human hair wigs for black females jordan air force 1 latex hood sac eastpak nike air jordan 1 elevate low smith and soul johnny manziel jersey jordan max aura 4 dallas cowboys slippers mens johnny manziel jersey bouncing putty egg adidas yeezy boost 350 turtle dove luvme human hair wigs jordan proto max 720 uberlube luxury lubricant S dollar this week, moving towards the most potent levels since March last year, mainly on investor confidence and increased …

• The latest Nairobi Securities Exchange monthly Barometer shows month-on-month growth comparing January this year and December last year, with prospects looking much better after a bear run last year.
• Market capitalisation increased by 0.08 per cent in January to $9.11 billion from $9.05 billion in December 2023.
• The NSE 20 and NSE 25 Share Index recorded increases in activity of 0.89 per cent and 1.32 per cent, respectively, while the All-Share Index experienced a 0.08 per cent increase.

Nairobi Securities Exchange showing recovery signs

Kenya’s capital market is showing a sign of recovery this year, with the Nairobi Securities Exchange (NSE) recording a gain in January, albeit minimal, as large stocks pay investors.

This is despite interest rates in advanced economies remaining high into 2024, a trend that has seen foreign investors focus on home markets, mainly the United States.

The latest NSE monthly Barometer shows month-on-month growth comparing January …

• Fixed-income securities are a broad class of very liquid and highly traded debt instruments.
• Data shows that the average turnover of Kenya’s bond market is over $4.55 billion, and NSE and EABX are now vying for this market share. 
• The choice to merge OTC and onscreen trading will allow market players a flexible way to execute trades on the bond market.

The Nairobi Securities Exchange will soon offer a secondary bond market that combines both onscreen and Over-the-Counter (OTC) trading of fixed-income securities following regulators’ approval. Capital Markets Authority approved amendments to NSE Fixed Income Trading Rules.

In the amendments, Kenya’s capital markets regulator licensed the East African Bond Exchange (EABX) to operate an over-the-counter (OTC) trading platform, likely to drive up competition in the bonds market. An OTC market is a platform that facilitates transactions between traders without requiring them to go through an official securities exchange.

NSE Chief …

• TransCentury Plc’s right issue is set to be reopened following approval from the Capital Markets Authority (CMA) after the initial issue failed to hit a 50 per cent threshold. 
• Unfortunately, the rights issue performed below expectations, and as a result, CMA has invoked its powers under Section 14 of the Public Offers and Listings Regulations to allow TransCentury to reopen the issue. 
• The rights’ issue will be open from March 20 -30 this year with additional information provided in the secondary prospectus to be issued by March 17 as the firm seeks  shareholders’ approval to enable the conversion of shareholder loans to ordinary shares as a mode of payment for rights.

TransCentury Plc’s right issue is set to be reopened following approval from the Capital Markets Authority (CMA)  after the initial issue failed to hit a 50 per cent threshold. 

TC shareholders had until January 23, 2023 to take …

• Housing demand in Kenya is estimated at 250,000 units annually.
• With a supply of only 50,000 new houses annually, there is an 80 per cent annual housing deficit.
• President William Ruto has detailed his plan to deliver 200,000 housing units annually.

Kenya has had an ambitious plan to address the housing shortage in the country, with the two past regimes placing affordable housing as one of the key priorities.

Housing demand in Kenya is estimated at 250,000 units annually. With a supply of only 50,000 new houses annually, there is an 80 per cent annual housing deficit.

The previous government led by former President Uhuru Kenyatta had an Affordable Housing Programme that had targeted to deliver at least 500,000 units by last year, but failed way below with less than 10 percent  of intended units being delivered by 2022.

President William Ruto has detailed his plan to deliver 200,000 housing …

Forex trading is the buying or selling of currency on the international currency market.

Forex trading aims at extracting profits from the price movements of the currencies. Therefore, forex traders aim to make money from buying a currency at a low price or exchange rate and selling at a higher price. It involves two currencies while the trade is facilitated by a forex broker.

Traders often use margin trading to speculate on currencies, risk factors increase due to the involvement of leverage and margins which leads traders to risk even more than their invested amount.

Forex Trading

Forex trading determines the exchange rates of all global currencies and is the largest financial market in the world with daily transactions of $6.6 trillion. Forex trading has high liquidity, operates 24-hours, has low transactions costs, easy to use platforms and has fast-paced regulations.

In the past foreign exchange market was limited to …

Kenya’s Capital Markets Authority (CMA) has for the fifth year been feted as the ‘Most Innovative Capital Markets Regulator in Africa 2019’ by the International Finance Magazine.

This is in recognition of its ongoing efforts to facilitate innovations in the capital market in Kenya, East Africa’s economic powerhouse.

READ ALSO:Another feather on Kenya’s Capital Markets Authority as London applauds

“The Authority is pleased to receive this recognition for the fifth consecutive year from this respected publication, which is a testament to the authority’s commitment to supporting innovation as a catalyst for transformative growth of the capital markets,’ said CMA Chief Executive Paul Muthaura.

At the core of its strategic objectives, CMA aims to leverage technology to drive efficiency in the capital Markets value chain.

“We target to effectively balance robust regulatory and compliance requirements with the objectives of market deepening and growth.   This involves consistent evaluation of regulatory approaches …