Kenyan financial market touted as most sophisticated in EA (5th in Africa )

Kenyan financial market touted as most sophisticated in EA (5th in Africa )

Mwanzi1 said:
Ukiacha jinsi Kenya wanavyopenda kujipamba hata kama hawapambiki, data inaonyesha jinsi Kenya inavyozidi kupunguza makali yake (pitia link hapa chini PDF) Wameweka nguzo 6 (pillers), na Kenya sio mwongozaji wa katika nguzo zote sita. Kwanza kuna zingine Kenya iko nyuma ya Tanzania,Uganda hata Rwanda.
View attachment 678729

https://www.barclaysafrica.com/cont...clays-africa-financial-markets-index-2017.pdf

Kama kweli Kenya market was that good, mbona mna kimbia CMI Project ya EAC?

Why Kenya opted out of EAC project to link stock markets
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Kenya's NSE is valued at $25B while Tanzania's DSE market capitalisation is $10B, that's $15B less! And a quarter of that is Kenyan companies cross listed in dse, so please spare us the rhetoric. Kenya has her reasons for rejecting a software that hasn't been tested and proven to be unhackable,reliable....etc, when and if we ever join our stock exchange, the Kenyan stoke exchange will eat up all your stoke exchanges, if anything you should be scared when that happens, we will show you what it means to be dominated. In business news across EAC the only companies that will be talked about at the stock market performance will be the Kenyan companies
 
Kafrican said:
Kenya's NSE is valued at $25B while Tanzania's DSE market capitalisation is $10B, that's $15B less! And a quarter of that is Kenyan companies cross listed in dse, so please spare us the rhetoric
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Hahahahaha, hold on; does NSE cooperate with FTSE? If yes, FTSE trades $7.7 billion "DAILY".

Quarter companies trading in DSE are Kenyan is a bit of exaggeration, but on other hand, why Kenyan companies are trading in DSE? Perhaps is something to do with friendly Tanzania's financial policy.
 
Mwanzi1 said:
Hahahahaha, hold on; does NSE cooperate with FTSE? If yes, FTSE trades $7.7 billion "DAILY".

Quarter companies trading in DSE are Kenyan is a bit of exaggeration, but on other hand, why Kenyan companies are trading in DSE? Perhaps is something to do with friendly Tanzania's financial policy.
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$7.7B Daily on how many stock exchanges?

And no, perhaps just like there are not that many Tanzanian companies operating in kenya to even have brand recognition, there Oslo no Tz company that has been successful enough in kenya to even bother crosslisting at NSE, most of the kenyan companies crosslisted also operate in those countries so brand recognition is much easier to potential investors, for example I don't know the name of any bank from Tanzania, the only one I've heard of is BoT, but I don't know if its an actual bank or its like the central bank, this is bcoz these banks don't have offices here, so it would be pretty unlikely that I would buy shares if it were crosslisted
 
Kafrican said:
$7.7B Daily on how many stock exchanges?

And no, perhaps just like there are not that many Tanzanian companies operating in kenya to even have brand recognition, there Oslo no Tz company that has been successful enough in kenya to even bother crosslisting at NSE, most of the kenyan companies crosslisted also operate in those countries so brand recognition is much easier to potential investors, for example I don't know the name of any bank from Tanzania, the only one I've heard of is BoT, but I don't know if its an actual bank or its like the central bank, this is bcoz these banks don't have offices here, so it would be pretty unlikely that I would buy shares if it were crosslisted
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FTSE is London based security exchange, and they signed an agreement of cooperation with NSE since 2011.
Stock market deal with FTSE boosts data trade

I won't know how many shares are traded on a single day because most of that information is behind pay wall or protected, but in case of amount of money traded in a single day is ± $7.7 billion. And that volume is even more if you add smaller companies trading on same market.
Homepage - London Stock Exchange
FTSE 100 Index, FTSE:FSI Summary - FT.com

BoT is our Central bank like CBK in Kenya. Let's face it, if we had bad, weak, unregulated financial policy, non of those companies would've risk there balance sheet on Tanzanian soil. Majority of Tanzania companies are still privately own, but some are starting to spread there wings regionally eg Kenya, Rwanda, Mozambique, Uganda, Burundi.
 
Kafrican said:
Kenya's NSE is valued at $25B while Tanzania's DSE market capitalisation is $10B, that's $15B less! And a quarter of that is Kenyan companies cross listed in dse, so please spare us the rhetoric. Kenya has her reasons for rejecting a software that hasn't been tested and proven to be unhackable,reliable....etc, when and if we ever join our stock exchange, the Kenyan stoke exchange will eat up all your stoke exchanges, if anything you should be scared when that happens, we will show you what it means to be dominated. In business news across EAC the only companies that will be talked about at the stock market performance will be the Kenyan companies
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That market capitalization value of $10bln was in Q1 2017, now is over $15 bln! do you know how many companies with yearly turnover of over a bln US$ from Tanzania r not listed ? Think of Bakhresa, METL n all telecommunication companies aside Vodacom! BTW it is stupidly of highest order for a stock market that has been in existence since 1950s to be ahead of one in existence since 1990s by a mere $10bln! NSE should be compared to JSE or CSE if all other factors taken into account. Again arrogance of highest order from Nyang'aus!
 
Mwanzi1 said:
FTSE is London based security exchange, and they signed an agreement of cooperation with NSE since 2011.
Stock market deal with FTSE boosts data trade

I won't know how many shares are traded on a single day because most of that information is behind pay wall or protected, but in case of amount of money traded in a single day is ± $7.7 billion. And that volume is even more if you add smaller companies trading on same market.
Homepage - London Stock Exchange
FTSE 100 Index, FTSE:FSI Summary - FT.com

BoT is our Central bank like CBK in Kenya. Let's face it, if we had bad, weak, unregulated financial policy, non of those companies would've risk there balance sheet on Tanzanian soil. Majority of Tanzania companies are still privately own, but some are starting to spread there wings regionally eg Kenya, Rwanda, Mozambique, Uganda, Burundi.
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Ftse is more like a tool used to make trading easier, and they operate on many stoke markets worth mentioning around the world with their index methodology and in Africa they operate with all the big stoke exchanges including Egypt on the north, Nigeria in the west, South Africa, and Kenya in the east, and that's why I asked you $7.7B on how many stoke exchanges?
And what has that got to do with Nse bs dse, are you claiming that the dse is bigger than nse were it not for ftse? Please
 
Geza Ulole said:
That market capitalization value of $10bln was in Q1 2017, now is over $15 bln! do you know how many companies with yearly turnover of over a bln US$ from Tanzania r not listed ? Think of Bakhresa, METL n all telecommunication companies aside Vodacom! BTW it is stupidly of highest order for a stock market that has been in existence since 1950s to be ahead of one in existence since 1990s by a mere $10bln! NSE should be compared to JSE or CSE if all other factors taken into account. Again arrogance of highest order from Nyang'aus!
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A stoke exchange is as good as its economy, and our economies started the same, and stoke exchanges don't work that way, if it was that way then Tesla, a company that joined the stock market 8 years ago in 2010 wouldn't be bigger in value than Ford which is 114 years old!!!
Just to give you an idea, tesla IPO raised $226million in 2010, safaricom IPO raised $2B in 2008... In 2017,tesla equity at nyse has risen 2000% to $46B , while safaricom was $9B last time I checked. While ford the 100 year old company that started trading as early as the beginning of stoke trading is valued at $45B
 
Geza Ulole said:
That market capitalization value of $10bln was in Q1 2017, now is over $15 bln! do you know how many companies with yearly turnover of over a bln US$ from Tanzania r not listed ? Think of Bakhresa, METL n all telecommunication companies aside Vodacom! BTW it is stupidly of highest order for a stock market that has been in existence since 1950s to be ahead of one in existence since 1990s by a mere $10bln! NSE should be compared to JSE or CSE if all other factors taken into account. Again arrogance of highest order from Nyang'aus!
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Many family business avoid IPOs because of the many restrictions and govt control by capital markets authority, for example, once a company is listed at NSE, the principal shareholder must hold less than 75% of equity, they must have a board meeting and a board even if only two people are members they must discuss everything about the company then submit the minutes to the government.... So even in kenya there are plenty of big companies esp family owned that you wont find on the NSE , a company like Bidco africa operates in 20 countries! Cris kirubi privately owned businesses too, Exept for MRM, the other steel companies are not in nse too..
 
Kafrican said:
Many family business avoid IPOs because of the many restrictions and govt control by capital markets authority, for example, once a company is listed at NSE, the principal shareholder must hold less than 75% of equity, they must have a board meeting and a board even if only two people are members they must discuss everything about the company then submit the minutes to the government.... So even in kenya there are plenty of big companies esp family owned that you wont find on the NSE , a company like Bidco africa operates in 20 countries! Cris kirubi privately owned businesses too, Exept for MRM, the other steel companies are not in nse too..
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Mention those with yearly turnover of US$ 1bln. Chris Kirubi is a thief refer Haco-Tiger merge. BTW Hacos had never had never had a year's turnover of $1 bln. n even the steel companies u mentioneed. That's a long short to call for companies in Kenya stop dreaming!
 
Kafrican said:
A stoke exchange is as good as its economy, and our economies started the same, and stoke exchanges don't work that way, if it was that way then Tesla, a company that joined the stock market 8 years ago in 2010 wouldn't be bigger in value than Ford which is 114 years old!!!
Just to give you an idea, tesla IPO raised $226million in 2010, safaricom IPO raised $2B in 2008... In 2017,tesla equity at nyse has risen 2000% to $46B , while safaricom was $9B last time I checked. While ford the 100 year old company that started trading as early as the beginning of stoke trading is valued at $45B
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read ur history fool NSE started way back during colonial times in 1954. DSE started in 1996.
 
Kafrican said:
Ftse is more like a tool used to make trading easier, and they operate on many stoke markets worth mentioning around the world with their index methodology and in Africa they operate with all the big stoke exchanges including Egypt on the north, Nigeria in the west, South Africa, and Kenya in the east, and that's why I asked you $7.7B on how many stoke exchanges?
And what has that got to do with Nse bs dse, are you claiming that the dse is bigger than nse were it not for ftse? Please
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Please revisit my previous post number #5 and your post number #21 to familiarize with the argument. There is no place I've mention that DSE is bigger than NSE. You brought an argument that NSE is the market of $25B capitalization while DSE is only $10B capitalization (which is incorrect refer to Geza's post). My response was, if NSE can have business relations with London Stock Exchange FTSE which is much-much bigger than NSE, why NSE is refusing to have similar relationship with other markets within EAC region?
 
Mwanzi1 said:
Please revisit my previous post number #5 and your post number #21 to familiarize with the argument. There is no place I've mention that DSE is bigger than NSE. You brought an argument that NSE is the market of $25B capitalization while DSE is only $10B capitalization (which is incorrect refer to Geza's post). My response was, if NSE can have business relations with London Stock Exchange FTSE which is much-much bigger than NSE, why NSE is refusing to have similar relationship with other markets within EAC region?
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Because if you read about the deal with FTSE it took months to be approved. And that deal mainly covered exchange of information through a secure portal and intergrating two software's... The deal that covers CMI in EAC is essentially a trading software, its not just front-end API, this software will have access to people's shares,trading's, the NSE and DSE will seize to exist .. A collapse of the FTSE at NSE would lead to disruption of normal trading's but peoples stocks would be secured, while a collapse/hacking/sabotage of the proposed EAC software has the potential to cripple the economy with a potential $25B dollar just disappearing from the economy.

And no, I have checked, the market cap for DSE by end of 2017 is $10B and not 15, and the biggest gainers in that year had a significant representation from kenyan companies.

And FYI Kenya did not refuse to merge our stock exchanges, Kenya has rejected the software until it can test it itself. And if you want to continue claiming that Kenya is Afraid then you can answer the next question of how a country supposedly 'afraid' of merging with DSE is looking to merge with Africa's biggest stock exchanges and possibly have the servers and HQ based in Nairobi... Does that look like a country that is afraid to you?
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Mwanzi1 said:
Ukiacha jinsi Kenya wanavyopenda kujipamba hata kama hawapambiki, data inaonyesha jinsi Kenya inavyozidi kupunguza makali yake (pitia link hapa chini PDF) Wameweka nguzo 6 (pillers), na Kenya sio mwongozaji wa katika nguzo zote sita. Kwanza kuna zingine Kenya iko nyuma ya Tanzania,Uganda hata Rwanda.
View attachment 678729

https://www.barclaysafrica.com/cont...clays-africa-financial-markets-index-2017.pdf

Kama kweli Kenya market was that good, mbona mna kimbia CMI Project ya EAC?

Why Kenya opted out of EAC project to link stock markets
Click to expand...
Wanaona wataloose zaidi kuliko kugain according to their schedules.
 
Kafrican said:
Because if you read about the deal with FTSE it took months to be approved. And that deal mainly covered exchange of information through a secure portal and intergrating two software's... The deal that covers CMI in EAC is essentially a trading software, its not just front-end API, this software will have access to people's shares,trading's, the NSE and DSE will seize to exist .. A collapse of the FTSE at NSE would lead to disruption of normal trading's but peoples stocks would be secured, while a collapse/hacking/sabotage of the proposed EAC software has the potential to cripple the economy with a potential $25B dollar just disappearing from the economy.

And no, I have checked, the market cap for DSE by end of 2017 is $10B and not 15, and the biggest gainers in that year had a significant representation from kenyan companies.

And FYI Kenya did not refuse to merge our stock exchanges, Kenya has rejected the software until it can test it itself. And if you want to continue claiming that Kenya is Afraid then you can answer the next question of how a country supposedly 'afraid' of merging with DSE is looking to merge with Africa's biggest stock exchanges and possibly have the servers and HQ based in Nairobi... Does that look like a country that is afraid to you?
View attachment 679924
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We can't force Kenya to do what Kenya doesn't want to do. As you mentioned FTSE-NSE deal took months to approve, but CMI negotiations also didn't start yesterday, they been discussing since 2015 and Kenya was part of it until it had change of heart (Nov 2017).
 
Kilaga said:
Wanaona wataloose zaidi kuliko kugain according to their schedules.
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Ni haki yao kukata, but others have already made-up their minds and agree to jump in with both feet.
 
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