Sharp Daily
No Result
View All Result
Thursday, September 18, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Nairobi Securities Exchange celebrates remarkable Q1 performance

David Musau by David Musau
May 9, 2024
in News
Reading Time: 1 min read
Photo/Courtesy

Photo/Courtesy

Improved activity was noted in the Nairobi Securities Exchange during the first quarter of 2024, with market capitalization rising to KES 1.8 trillion due to increased investor confidence, buoyed by the stabilization of the Kenyan Shilling. After experiencing a decline last year, the Shilling rebounded, settling at an average of KES 133, compared to its low of KES 164 in January.

This positive currency performance had a ripple effect on equity markets, resulting in around 55% increase in the equity market return for the period January to March.

Trading volume also surged by 27.04%, with shares traded reaching 1.1 billion from 780.2 million. The market capitalization at the end of the first quarter rose to Kes 1.76 trillion from KES 1.43 trillion, reflecting the increased value of outstanding shares.

Despite a slight net equity portfolio outflow of KES 2.23 billion, down from KES 2.34 billion in the previous quarter, investor confidence remained strong, spurred by favourable market conditions and reduced outflows influenced by higher returns in foreign markets, particularly the US.

RELATEDPOSTS

NSE lifts Kenya Airways trading suspension following financial turnaround

January 6, 2025

NSE eyes bold step to trade SACCO shares

September 15, 2024

Foreign participation in the equity market slightly increased to 60.31%, attracting global institutional investors. Moreover, the concentration of market turnover in the five major bluechip companies declined, indicating investors’ willingness to diversify their portfolios.

The Nairobi Securities Exchange recorded a remarkable 57.14% increase in US dollar terms, according to the Morgan Stanley Capital International index (MSCI). Market volatility remained low across three key indices, and liquidity increased due to investor activity during the dividend declaration season. Kenya’s successful issuance of a USD 1.5 billion Eurobond further boosted confidence in the capital markets, attracting foreign investors back to the Nairobi Bourse and supporting efforts to deepen and enhance market performance.

Previous Post

Congolese con artist snared in audacious gold fraud scheme

Next Post

Why pensions governance should give retirees confidence

David Musau

David Musau

Related Posts

News

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025
Private equity investment business concept
News

Private equity and insurance

September 4, 2025
News

Kick financial goals: Invest with CMMF this football season

August 22, 2025
commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025

LATEST STORIES

Ways the KRA can leverage technology to stay ahead of smugglers

September 18, 2025

Evaluating Defined Benefits and Defined Contributions

September 18, 2025

Airbnbs or Ubers? The first-time investor in Nairobi

September 18, 2025

Fed cuts rates for first time since 2022

September 18, 2025

Sustainable mixed-use developments in Kenya

September 17, 2025

Real Estate project financing models shaping successful developments

September 12, 2025

Alternative investments: Opportunities and risks

September 12, 2025

Mid-September momentum: CMMF posts strong yields and growing trust

September 12, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024