Library
AFM - 1998-2017
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Nairobi Securities Exchange |
 |
The following is selected information on the profile of the NSE, senior management and other aspects of operations:
Base Profile
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No |
Item |
Details |
|
1 |
Exchange operations |
1920s but formally from 1954 |
|
2 |
Membership |
Founding Member of African Stock Exchanges Association and Associate Member of World Federation Exchanges |
|
3 |
Time Zone |
Greenwich Mean Time + 3 Nairobi |
|
4 |
Address |
1st Floor, Nation Centre, Kimathi Street, PO Box 43633-00100, Tel: 254-20-2831000- Nairobi |
|
5 |
Website |
www.nse.co.ke |
|
6 |
Trading Days |
Monday, Tuesday, Wednesday, Thursday, Friday |
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7 |
Trading |
Automated Trading System |
|
8 |
Trading Access |
Wide Area Network and Local Area Network (Backup) |
|
9 |
Access Rights |
…… CMA Domestic Licensed Investment Banks and ……Stockbrokers |
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10 |
Trading Hours 9:00 a.m. to 3:00 p.m. |
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|
11 |
Trading Currency |
Kenya Shilling |
|
12 |
Key Regulations |
|
|
13 |
Total No of Securities |
…… as of 31 March 2013 |
|
14 |
No of Segments |
3 with 4th launched in December 2012 |
|
15 |
No of Indices |
5 |
|
16 |
Reports |
|
|
17 |
Data Vending |
Yes |
|
18 |
Settlement Procedure |
Delivery vs Payment |
|
19 |
Delivery |
Automated Delivery System |
|
20 |
Settlement |
via Clearing House |
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21 |
NSE Broker Back Office |
Automated back office system that enables senior management to monitor and audit activities through suitable alerts and exception reports; |
|
22 |
Risk Mitigation |
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Source: NSE
Equities Profile
The listed shares traded are ‘ordinary shares’ which have different par values which range from Kshs 0.10 to Kshs 100/-. Share price range from Kshs 2.05…….to Kshs 493.00…as at 31st December 2012…. .
|
No |
Item |
Details |
|
1 |
No of Securities |
61 Equities.…… as of 31 December 2012 |
|
2 |
No of Segments |
3 with 4th launched in December 2012 |
|
3 |
Segments |
|
|
4 |
Main Investment Market Segment Sectors |
......... namely Automobile & Accessories; Banking; Construction & Allied; Energy & Petroleum; Insurance; Manufacturing & Allied Sector; Telecommunication & Technology; Agricultural, Commercial & Services, Investment |
|
5 |
Market Capitalisation |
Kshs:1,272,002,229… (USD 14,778 at 86/- per dollar………….) as of 31 December 2012 |
|
6 |
Indices |
|
|
7 |
Indices Base |
|
|
8 |
Big 5 Listees |
controlled 52.9%……% of the total equity market capitalization as of 31 December 2012 |
|
9 |
Immobilisation Level |
41.91% as of 31 December 2012
|
|
10 |
Delivery, Settlement, Registration |
Provided by independent company Central Depository and Settlement Corporation Limited in which NSE has 22.5% shareholding |
|
11 |
Settlement Procedure |
Delivery vs Payment |
|
12 |
Delivery |
Automated Delivery System |
|
13 |
Settlement |
via Clearing House at Commercial Bank |
|
14 |
Settlement Cycle |
T+3 |
|
15 |
Risk Mitigation |
|
|
16 |
Taxation |
|
Source: NSE
Bonds Profile
|
No |
Item |
Details |
|
1 |
No of Securities |
60 Treasury bonds and 9 corporate bonds…… as of 31 December 2012 |
|
2 |
No of Segments |
2 – Normal and Infrastructure bonds as a segment |
|
3 |
Segments |
Fixed Income Securities Market Segment |
|
4 |
Market Capitalisation |
Kshs n/a………(USD………….) as of 31 December 2012 |
|
5 |
Types of Listees |
|
|
6 |
Mix |
Government of Kenya Bonds contributes over …..% of the market capitalization while Corporate Bonds is the balance ……..% |
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7 |
Index |
FTSE NSE Kenyan Shilling Government Bond Index Base date 01st Jan 2012 = 100
|
|
8 |
Immobilization Level |
|
|
9 |
Maturity |
From 1 year to 30 years |
|
10 |
Interest Rate |
Floating, fixed, combination |
|
11 |
Yield Curve |
Available from …………. |
|
12 |
Delivery, Settlement, Registration |
Provided by Central Bank of Kenya |
|
13 |
Settlement Procedure |
Delivery vs Payment |
|
14 |
Delivery |
Automated Delivery System |
|
15 |
Settlement |
via Clearing House at Central Bank of Kenya |
|
16 |
Settlement Cycle |
T+3 (T+1 and T+2 is possible) |
|
17 |
Risk Mitigation |
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18 |
Taxation |
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Management
Mr. Peter Mwangi - Chief Executive
Mr. Peter Mwangi is the Chief Executive of the Nairobi Securities Exchange. He is also a Director of the Central Depository and Settlement Corporation in Kenya, a Member of the Executive Committees of both the East African Stock Exchanges Association (EASEA) as well as the African Securities Exchanges Association (ASEA). Before joining the Exchange, Peter was the Managing Director of Centum Investment. Centum is the largest publicly quoted investment company in the East African region. Peter holds a Bachelor of Science degree in Electrical Engineering from the University of Nairobi. He is a Certified Public Accountant of Kenya and a CFA charter holder.
Terrence Adembesa – Manager Product and Business Development
Terry is currently the Manager - Product & Business Development at the NSE with key responsibilities in the development and implementation of new products and markets and the management of information services for the Nairobi Securities Exchange. Prior to joining the NSE, Terry worked for the Financial Advisory arm of the Co-operative Bank (K) and as the Chapter Manager at the Enablis Entrepreneurial Network. Terry holds a Bachelor in Business Administration (cum laude) majoring in Management from the University of Eastern Africa Baraton and is currently pursuing a Global Executive MBA at the United States International University.