Best Performing Stocks Currently at NSE

 

Evefinancialinsights  presents to you an article about securities doing well in the Nairobi Stock Exchange (NSE)  . I believe it is more practical and concise to provide a brief summary of the performance of the NSE in regards to the previous article. Please  see the link down below.

The Nairobi Securities Exchange is the principal securities exchange of Kenya, and it is one of the largest exchanges in Africa. The NSE has a total of 66 listed companies across various sectors such as banking, insurance, manufacturing, agriculture, energy, telecommunications, and real estate. The exchange also has two indices, the NSE 20 and the NSE All-Share Index, which track the performance of the largest and most actively traded stocks on the exchange.

As of today, March 8th, 2023, the Nairobi Securities Exchange had a mixed performance. The NSE All-Share Index increased by 0.2% to close at 171.25 points, while the NSE 20 Index declined by 0.1% to close at 1,895.84 points. The market capitalization of the exchange was KES 2.91 trillion, with a total of 85,982,700 shares traded, valued at KES 2.78 billion.

Some of the stocks that performed well today include:

1.     Safaricom Limited (SCOM): Safaricom is a leading telecommunications company in Kenya and is the most traded stock on the NSE. The company's share price increased by 0.7% to close at KES 35.90, with a total of 36,687,600 shares traded, valued at KES 1.32 billion.

2.     Equity Group Holdings Limited (EQTY): Equity Group is a leading bank in Kenya, with a significant presence in the East African region. The company's share price increased by 0.2% to close at KES 46.85, with a total of 1,822,600 shares traded, valued at KES 85.29 million.

3.     Cooperative Bank of Kenya Limited (COOP): Cooperative Bank is a medium-sized bank in Kenya, with a focus on serving the agricultural sector.

4.     Telecommunications stocks in the National Stock Exchange (NSE) have had mixed performance in recent years. The sector has been impacted by a number of factors, including increased competition, regulatory changes, and technological advancements.

5.     One of the major players in the Indian telecommunications industry is Bharti Airtel. The company has seen some fluctuations in its stock performance over the past few years. In 2020, the stock experienced a sharp decline due to the onset of the COVID-19 pandemic and the subsequent economic downturn. However, it has since rebounded and is currently trading at a higher level than it was prior to the pandemic.

6.     Another significant player in the telecommunications sector is Reliance Industries Limited, which operates its telecom business under the brand Jio. Jio has disrupted the market with its aggressive pricing strategies and has gained a significant market share in a short period of time. This has impacted the stocks of its competitors, including Bharti Airtel, which has struggled to keep up with Jio's pricing.

7.     Overall, the telecommunications sector in India has faced several challenges in recent years. The intense competition and regulatory changes have made it difficult for companies to maintain profitability. However, technological advancements, such as the rollout of 5G, present new opportunities for growth and innovation in the industry.

8.     Investors in the telecommunications sector should closely monitor the market and keep an eye on key players such as Bharti Airtel and Reliance Jio. Additionally, it is important to stay informed about regulatory changes and technological advancements that could impact the industry as a whole.

https://evefinancialinsights.blogspot.com/2023/03/the-nairobi-stock-exchange-stock-market.html

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The Nairobi Stock Exchange -Stock Market in Kenya

Hello good people? Welcome to evefinancialinsights blog where we discuss all things finances. Have you ever wondered how the stock market operate and how you can invest in securities? Well this article provides every information you need. After all we are here to equip and transform your financial life for better.

The Nairobi Stock Exchange (NSE) is the main securities exchange in Kenya. The exchange is a member of the African Securities Exchanges Association (ASEA) and the East African Securities Exchanges Association (EASEA). It was founded in 1954 as the Nairobi Stock Exchange and became a self-regulating organization in 1984. In 2020, the exchange rebranded to the Nairobi Securities Exchange (NSE) after the demutualization of the exchange. This move enabled the exchange to become a public company limited by shares and to attract more investors.

Trading hours:

The NSE is open for trading on weekdays from Monday to Friday. Trading on the exchange takes place from 9:30 a.m. to 3:00 p.m. East African Time. The exchange is closed on weekends and public holidays. The trading hours of the exchange are subject to change depending on market conditions.

Market segments:

The Nairobi Securities Exchange has two primary market segments: the Main Investment Market Segment (MIMS) and the Growth Enterprise Market Segment (GEMS).

Main Investment Market Segment (MIMS): The MIMS is the primary market segment of the NSE. It is designed for larger companies that meet the listing requirements of the exchange. Companies listed on the MIMS must meet the minimum listing requirements set by the Capital Markets Authority (CMA). The MIMS has strict disclosure requirements and offers investors a range of investment opportunities in various sectors such as banking, insurance, manufacturing, and agriculture.

Growth Enterprise Market Segment (GEMS): The GEMS is a secondary market segment of the NSE. It was created to provide smaller companies with access to the capital markets. The GEMS was established in 2013 and offers investors an opportunity to invest in emerging companies. The GEMS has lower listing requirements than the MIMS, and companies listed on the GEMS can migrate to the MIMS once they meet the listing requirements.

Listing requirements:

To list on the NSE, a company must meet the minimum listing requirements set by the Capital Markets Authority (CMA). The listing requirements are designed to ensure that listed companies have adequate disclosure, governance, and financial transparency. The minimum listing requirements for companies listed on the MIMS and GEMS are as follows:

Main Investment Market Segment (MIMS):

1.    Minimum paid-up capital of KES 50 million

2.    Minimum number of shareholders of 1,000

3.    Minimum public float of 25% of the issued share capital

4.    At least three years of audited financial statements

5.    A track record of profitability and dividend payment

6.    A board of directors with a majority of non-executive directors

7.    Compliance with the corporate governance guidelines issued by the Capital Markets Authority

Growth Enterprise Market Segment (GEMS):

1.    Minimum paid-up capital of KES 10 million

2.    Minimum number of shareholders of 50

3.    Minimum public float of 15% of the issued share capital

4.    At least one year of audited financial statements

5.    A track record of profitability and dividend payment (not mandatory)

6.    A board of directors with a majority of non-executive directors

7.    Compliance with the corporate governance guidelines issued by the Capital Markets Authority

Trading and settlement:

The NSE uses an automated trading system known as the Automated Trading System (ATS). The ATS is a computerized system that enables investors to buy and sell securities online. The ATS offers investors real-time access to market information, allowing them to make informed investment decisions.

Settlement of trades on the NSE is done through the Central Depository and Settlement Corporation (CDSC). The CDSC is a subsidiary of the NSE and is responsible for the custody and settlement of securities traded on the exchange.

How to trade stocks at Nairobi stock exchange

To trade stocks at the Nairobi Stock Exchange, you will need to follow these steps:

1.     Open a brokerage account: You will need to choose a licensed stockbroker to buy and sell stocks on your behalf. Contact a licensed stockbroker in Kenya and open an account with them. They will guide you through the process and help you fill in the necessary forms.

2.     Fund your account: Once you have opened an account, you will need to deposit money into it to buy stocks. You can do this through a bank transfer or mobile money.

3.     Research the stock market: Before you start trading, it's important to understand the stock market and the companies you want to invest in. You can do this by reading financial news, company reports, and other sources of information.

4.     Place your order: Once you have chosen the stock you want to buy, contact your broker and place an order. You will need to provide the name of the company, the number of shares you want to buy, and the price you are willing to pay.

5.     Monitor your investment: After buying stocks, it's important to keep track of your investment. You can do this by monitoring the stock price, reading financial news, and keeping up with company reports.

It's important to note that trading stocks can be risky and you should only invest what you can afford to lose. Consult with a licensed financial advisor before making any investment decisions.

See you on the next blog.

 

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How to Start an Online Business

 

 

Online businesses in 2023 are predicted to be highly diverse, with a variety of innovative and niche businesses emerging. The growth of e-commerce and digitalization has paved the way for the emergence of various online businesses, providing consumers with a wide range of products and services. In this article, we will explore some of the most significant online business trends that we can expect to see in 2023.

1.     E-commerce businesses

The e-commerce sector has experienced explosive growth in recent years, with online sales expected to reach $6.5 trillion by 2023. This growth has been driven by the increasing number of people who shop online, the convenience of online shopping, and the ease of making payments online.

In 2023, we can expect to see an even greater variety of e-commerce businesses, including niche online stores that cater to specific customer needs. For instance, we can expect to see more online stores that specialize in eco-friendly products, zero-waste products, and other sustainable goods. We can also expect to see more online stores that specialize in luxury goods, personalized products, and handmade items.

2.     Online education businesses

The online education sector has been growing rapidly in recent years, and this trend is expected to continue in 2023. With more people seeking to upgrade their skills and knowledge, we can expect to see more online education businesses offering a wide range of courses and training programs.

In 2023, we can expect to see more online education businesses that focus on niche areas, such as coding, digital marketing, and artificial intelligence. We can also expect to see more businesses that offer certification programs, online degrees, and other educational credentials.

3.     Health and wellness businesses

The health and wellness sector is another area that is expected to see significant growth in 2023. With more people focusing on their health and wellbeing, we can expect to see more online businesses that cater to this market.

In 2023, we can expect to see more online businesses that offer health and wellness products, such as vitamins, supplements, and natural remedies. We can also expect to see more businesses that offer fitness programs, yoga classes, and other wellness-related services.

4.     Online consulting businesses

The rise of digitalization has made it easier for people to work remotely, and this has led to the emergence of more online consulting businesses. In 2023, we can expect to see more businesses that offer consulting services in various fields, such as marketing, finance, and human resources.

These businesses can operate entirely online, offering virtual consultations and meetings, and providing their clients with actionable insights and advice. Online consulting businesses can serve clients from all over the world, and their services are highly in demand by small and medium-sized businesses.

5.     Virtual reality and augmented reality businesses

Virtual reality and augmented reality technologies have been gaining popularity in recent years, and we can expect to see more online businesses that leverage these technologies in 2023. These businesses can offer a wide range of products and services, from virtual reality games to augmented reality shopping experiences.

In 2023, we can expect to see more businesses that offer virtual reality and augmented reality training programs, as well as businesses that use these technologies to create immersive advertising campaigns. These businesses can cater to a wide range of customers, including gamers, advertisers, and educational institutions.

6.     Online food and beverage businesses

The online food and beverage sector has seen significant growth in recent years, and this trend is expected to continue in 2023. With more people opting for home delivery and takeout options, we can expect to see more businesses that offer online food ordering and delivery services.

In 2023, we can expect to see more businesses that specialize in niche areas of the food and beverage sector, such as vegan cuisine, gluten-free foods, and organic

 

Self Employment Opportunities in Kenya

 

Hello and welcome to evefinancialinsights blogs where we discuss all things finance. Today we are showing you some few ways on self employment opportunities that can also be a side income if you have a main source of income.

Self-employment is a viable and lucrative way to earn a living in Kenya. With a population of over 50 million people, Kenya is home to a thriving entrepreneurial ecosystem. The country has a favorable business environment, an educated workforce, and a growing middle class. Self-employment offers Kenyans the opportunity to become their bosses, control their income, and create employment for others. In this article, we will explore the different ways of self-employment in Kenya.

1.     Agriculture:

Agriculture is the backbone of the Kenyan economy, accounting for approximately 25% of the country's GDP. Self-employment in agriculture is an excellent opportunity for those with a green thumb. Farmers can grow crops such as maize, beans, wheat, and potatoes, which are in high demand in the local market. Farmers can also rear animals such as cows, goats, and chickens, which are a source of meat, milk, and eggs. With the increasing demand for organic food, farmers can also specialize in organic farming, which can fetch a higher price in the market.

2.     Freelancing:

Freelancing is another popular way of self-employment in Kenya. With the rise of the gig economy, more Kenyans are freelancing in fields such as writing, graphic design, programming, and digital marketing. Freelancers can find work on online platforms such as Upwork, Fiverr, and Freelancer.com. Freelancers can work from home or co-working spaces, giving them the flexibility to work on multiple projects at the same time.

3.     Online Businesses:

The internet has revolutionized the way we do business. Online businesses are an excellent opportunity for Kenyans looking for self-employment. Online businesses can range from e-commerce stores selling products such as clothes, electronics, and groceries to digital products such as e-books, courses, and software. With the increasing adoption of mobile phones and internet connectivity, online businesses have a vast potential customer base in Kenya.

4.     Transport Business:

The transport business is another viable option for self-employment in Kenya. The transport industry in Kenya is growing, with more people owning cars and motorcycles. Self-employed individuals can start a taxi or boda-boda business, which can be lucrative in urban areas. With the growth of the logistics industry, self-employed individuals can also start a delivery service for goods and services.

5.     Real Estate:

Real estate is a booming industry in Kenya, with the demand for housing increasing due to the growing population and urbanization. Self-employed individuals can invest in real estate by buying and selling properties or by building rental units. Real estate agents can also earn a commission by facilitating the buying and selling of properties.

6.     Catering Business:

The catering business is another option for self-employment in Kenya. Kenyans love to eat, and there is a high demand for catering services for events such as weddings, birthdays, and corporate events. Self-employed individuals can start a catering business by offering services such as cooking, serving, and event planning.

7.     Beauty and Fashion:

The beauty and fashion industry is a growing industry in Kenya, with the demand for beauty products and fashion accessories increasing. Self-employed individuals can start a beauty or fashion business by selling products such as makeup, skincare, and hair products, or by designing and selling clothes and accessories.

8.     Education and Training:

Education and training are essential for the development of the Kenyan workforce. Self-employed individuals can start an education or training business by offering services such as tutoring, coaching, and training in fields such as technology, finance, and entrepreneurship. With the increasing adoption of e-learning, self-employed individuals can also offer online courses and training programs.

9.     Health and Fitness:

The health and fitness industry is a growing industry in Kenya, with more people adopting  and appreciating healthy lifestyles .They are willing to spend on personal nutritionist and personal fitness coaches.

We know that the above information will help you navigate various self employment options.

See you on the next blog.