Nairobi Stock Exchange Slides As Investors Take Profit

NSE 25 slides 20.29% as the exchange rolls out new listings and indices

The NSE 25 closed at 3,030.0 points, down 20.2887% as of July 16, even as exchange activity accelerated. The NSE on July 16 launched a banking sector index, admitted Fintrust Securities as an Authorized Securities Dealer in fixed income and announced a non-executive director appointment, according to its statements. On the product side, the bourse is set to list its first global equity ETF as Satrix expands into Kenya, The Kenyan Wallstreet reports. In corporate news, BAT Kenya posted a full-year profit of Sh7.7 billion, according to standardmedia.co.ke, while Tom Mulwa on July 10 vowed to democratise Kenya's stock market, according to Dawan Africa.

Press Release - Nairobi Securities Exchange Plc Appoints Sterling Capital Limited as a market maker in the NEXT Derivatives Market

Investors on Kenyan securities exchange will soon get access to trade global markets as Satrix lists MSCI World Feeder ETF on the NSE