Nairobi Stock Exchange


Nairobi Stock Exchange
NAIROBI STOCK EXCHANGE LOGO.png

The Nairobi Stock Exchange (NSE) is the principal stock exchange of Kenya. It began in 1954 as an oversees 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. It 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 October 2010:

Main investments market listings

(MIMS)[3]

Agricultural sector

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

Commercial and Services

Symbol Listing Notes
ACES Access Kenya Group Internet service provider
CARG Car & General Kenya Automobiles, engineering, agriculture
CMC CMC Holdings 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
MSHA Marshalls East Africa Automobile assembly
NMG Nation Media Group Newspapers, magazines, radio stations, television stations
SCOM Safaricom Mobile telephony
SCAN Scangroup Advertising and marketing
STDN Standard Group Limited Publishing
TPS TPS Serena Hotels & resorts
UCHU Uchumi Supermarkets Supermarkets

Industrial and allied

Symbol Listing Notes
ARM Athi River Mining Limited Cement, fertilizers, minerals; mining and manufacturing
BAMB Bamburi Cement Limited Cement
BOC BOC Kenya Industrial gases, welding products
BAT British American Tobacco Limited Tobacco products
CARB Carbacid Investments Limited Carbon dioxide manufacturing
CRWN Crown-Berger (Kenya) Paint manufacturing
CABL East African Cables Limited Cable manufacture
EAPC East African Portland Cement Company Cement manufacture and marketing
EABL East African Breweries Beer, spirits; crosslisted at Uganda Securities Exchange and Dar es Salaam Stock Exchange
EVRD Eveready East Africa batteries
KGEN Kengen Electricity generation
KOCL Kenya Oil Petroleum importation, refining, storage & distribution
KPLA Kenya Power and Lighting Company Electricity transmission, distribution and retail sale
MSCL Mumias Sugar Company Limited Sugar cane growing, sugar manufacture & marketing
FEAL Sameer Africa Limited Tires[4]
TOPL Total Kenya Limited Petroleum importation and distribution
UNGA Unga Group Flour milling

Finance and Investment

Symbol Listing Notes
BARC Barclays Bank (Kenya) Banking, finance
ICDC Centum Investment Company Investments
CFCO CFC Stanbic Holdings Banking, finance
DTK Diamond Trust Bank Group Banking, finance
EQTY Equity Bank Group Banking, finance; crosslisted at the Uganda Securities Exchange
HOUS Housing Finance Company Mortgage financing
JUBI Jubilee Holdings Limited Insurance, investments; crosslisted at the Uganda Securities Exchange
KCBK Kenya Commercial Bank Group Banking & finance. Crosslisted on the Uganda Securities Exchange, the Dar-es-Salaam Stock Exchange and the Rwanda Over The Counter Exchange
KRIN Kenya Re-Insurance Corporation Reinsurance
NABK National Bank of Kenya Banking, finance
NINC National Industrial Credit Bank Banking, finance
OLYM Olympia Capital Holdings Construction and building materials
PAIC Pan Africa Insurance Holdings Insurance
SCBK Standard Chartered Bank Kenya Banking, finance
TRCY TransCentury Investments[5] Investments

Alternative markets investment segment

(AIMS)[6]

Symbol Listing Notes
BAUM A Baumann and Company Machinery distribution and marketing, investments
BRWI City Trust Limited Financial services
EGAD Eaagads Limited Coffee growing and sales
EXPK Express Kenya Limited Logistics
KAPC Kapchorua Tea Company Limited Tea growing, processing and marketing
KOL Kenya Orchards Limited Fruit growing, preservation and distribution, fruit-juice manufacture and marketing
LIMR Limuru Tea Company Limited Tea growing
GWKL Williamson Tea Kenya Limited Tea growing, processing and distribution

Fixed income security market segment

(FISMS)[7]

Symbol Listing Notes
-- Government of Kenya Treasury Bond --
-- Government Infrastructure Bond --
-- EADB Bond --
-- Faulu Kenya Floating Rate Notes --
-- PTA Bank Floating Rate Bond --
-- Athi River Mining Medium Term Floating Rate Notes --
-- Barclays Bank (Kenya) Medium Term Floating Rate Notes --
-- Sasini Limited Corporate Bond --
-- Mabati Rolling Mills Corporate Bond --
-- CFC Stanbic Bank Senior & Subordinated Bonds --
-- Shelter Afrique Medium Term Unsecured Notes --
-- Kengen Public Infrastructure Bond --

External links

See also

References


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