THE STANDARD
DR PESA
In Kenya and abroad, the stock market has minted millionaires.
It is where Warren Buffet, one of the world’s richest men, made the bulk of his Sh8 trillion net worth.
More Kenyans, including “small investors” with as little as Sh10,000, are now trading in the stock market hoping to strike it big.
However, there are some tricks to it. These include patience, the right expertise, correct timing and even luck.
But how does one start, or why should one invest in the Nairobi Securities Exchange (NSE) – one of Kenya’s easiest ways to own a company or a chain of them?
How to make money from stock trading standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.
THE STANDARD
FINANCIAL STANDARD
Screen showing stock prices at the Nairobi Securities Exchange. [Wilberforce Okwiri, Standard.]
This was as telco Safaricom continued its dominance of the bourse, accounting for over half of the shares traded in March.
The NSE’s monthly bulletin, dubbed barometer, shows that the Fahari I-Reit, Kenya’s only listed real estate investment trust, recorded the highest return at 2.4 per cent while the investment services stocks had the largest loss of 8.4 per cent.
Other top sector returns included agriculture at 1.6 per cent, banking at 1.2 per cent, investment at 1.3 per cent and insurance at 0.3 per cent.
Nairobi securities exchange chairman Samuel Kimani, flanked by Deputy President William Ruto (Centre) and Oscar Onyema (Right) president of the African Securities exchange association (ASEA) and CEO of the Nigerian stock exchange, during the launch of 7th Building African financial markets (BAFM) seminar at Villa Rosa Kempinski in Nairobi. [Ed
Treasury snaps up Sh81bn in oversubscribed April bond
Summary
The National Treasury exceeded its target from the April infrastructure bond (IFB) issue by Sh21.9 billion, pointing to increased appetite for domestic borrowing amid expanded expenditure and lower revenue performance.
The government had targeted Sh60 billion from the bond, but after getting Sh88.6 billion bids from investors, took up Sh81.9 billion. The 18-year bond will pay investors an average of 12.67 per cent.
Friday April 09 2021
By CHARLES MWANIKI
Summary
The National Treasury exceeded its target from the April infrastructure bond (IFB) issue by Sh21.9 billion, pointing to increased appetite for domestic borrowing amid expanded expenditure and lower revenue performance.
CDSC appoints 4 new members to its Board of Directors hapakenya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hapakenya.com Daily Mail and Mail on Sunday newspapers.