Nairobi Stock Exchange News
Nairobi stock exchange news is an important part of investing in Kenya’s capital. In the past few years, there have been a number of developments that have impacted the market. In particular, the introduction of the NSE All Share Index (Assistant Trading System or ATS) has given investors a better idea of what is happening in the market. The NSE All Share Index incorporates all traded shares on any given day, focusing on the overall market capitalisation. The index aims to encourage more Kenyans to invest in the capital markets, especially among the youth.
ATS trading hours increased from two to three
Alternative trading systems (ATS) account for most of the liquidity in publicly traded securities around the world. They are also known as multilateral trading facilities (MTFs), cross networks, and call networks. Most ATSs are registered broker-dealers and their main focus is to connect subscribers with counterparties for trading. However, unlike traditional exchanges, ATSs do not set rules or regulate prices. They simply provide an alternative means of accessing liquidity.
Because of the global nature of the securities markets, some investors have sought to trade outside of normal trading hours. In response to this, the Securities and Exchange Commission has supported initiatives to allow investors greater flexibility in when to trade. These initiatives will increase competition among exchange trading venues and give investors more flexibility when it comes to the timing of their trades.
Nairobi Securities Exchange 20-Share Index recorded an all-time high of 5030 points
The Nairobi Securities Exchange 20-Share Index is a price-weighted index that tracks the performance of 20 companies listed on the Nairobi Securities Exchange. The members of this index are selected on the basis of their market capitalization, number of shares traded, number of deals, and turnover.
The Nairobi Securities Exchange has made many recent moves to improve investor access and promote trading. The exchange has recently widened its trading hours and introduced the NSE All-Share Index (NASI). It also launched the NSE Smart Youth Investment Challenge.
Jubilee Holdings Ltd announced an interim dividend of Kes.1.00
Jubilee Holdings Ltd has announced that it is going to pay a total of Kes.1.015 billion as an interim dividend. The company will also be paying a special dividend of Kes.14.0 per share on 25th July 2022. The previous year’s interim dividend was Kes.1.00 per share. In addition to the interim dividend, the company also announced that it had signed an agreement to sell its majority stake in two general insurance subsidiaries to Allianz SE.
Jubilee Holdings Ltd is listed on the Nairobi Securities Exchange. It is a leading insurance company in Kenya and is engaged in the Financials sector. The company reported a commendable performance in its first quarter. Its Gross Written Premium was up by KSh 825 million, mainly due to strong performance in the Life and Health Insurance business. In addition, its total assets increased by KSh 9 billion, mainly due to increased returns on investments.
