Over 10 years we help companies reach their financial and branding goals. Maxbizz is a values-driven consulting agency dedicated.

Gallery

Contact

+1-800-456-478-23

411 University St, Seattle

maxbizz@mail.com

Kenya: Day Trading Inches Toward Sh1 Billion Monthly Turnover at the NSE – AllAfrica – Top Africa News

Nairobi — Investors at the Nairobi Stock Exchange have continued to steadily take up day trading, with the new segment inching toward Sh1billion of total trades at the bourse in March.
The NSE traded shares worth Sh19.8billion during the month, with day trading accounting for Sh983million, 5.1 per cent of the trades.
Day trading which was launched in November 2021, allows investors to buy and sell the same company shares several times in a single day with the aim of making gains from small price movements, sometimes riding on events that sway share prices.
Before investors could only sell a stock a day after purchase, denying them an opportunity to benefit from the price movement on a given day.
“Same day trading is doing well accounting for 3 per cent of total market turnover year to date, we are targeting to get to 10 per cent this year,” NSE CEO Geoffrey Odundo told Capital business.
Odundo noted that they are keen on getting people interested in the markets to boost the uptake of day trading.
The NSE in its last financial statement noted that the retail sector is a key focus for them in 2022 and they have developed initiatives to support interest from the retail sectors, key among them being point for shares and day trading of shares.
Same-day trading is part of innovations aimed at boosting trading and liquidity at the NSE, which is the main entry point for foreigners seeking to invest in East Africa.
Read the original article on Capital FM.
AllAfrica publishes around 600 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.
AllAfrica is a voice of, by and about Africa – aggregating, producing and distributing 600 news and information items daily from over 100 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC.
Get the latest in African news delivered straight to your inbox
By submitting above, you agree to our privacy policy.
Almost finished…
We need to confirm your email address.
To complete the process, please follow the instructions in the email we just sent you.
There was a problem processing your submission. Please try again later.

source

Author

admin

Leave a comment

Your email address will not be published.