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NSE 10-Share Index (^N10I) Realtime Stock Quote | Nairobi Securities Exchange | myStocks

NSE 10-Share Index (^N10I)

  
End of day - Dec 20, 2024
1,268.40
+3.79 (+0.30%)
1,264.61
Previous
1,268.40   +3.79 (+0.30%)
End of day - Dec 20, 2024
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Volume
-
Turnover
894.17 - 1,268.40
52-week Range
 
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Latest Financial News

Market Commentary

The uncertainty of an open digital market was not reassuring to investors. With a camera and a channel, anyone can start a TV station and broadcast on the digital platform. The quality difference would not be different.
The economy is partly struggling because of excessive importation of cheaper goods. Chinese contractors come with their equipment, materials, cement and labour. Local manufacturers struggle to compete with Chinese products. It's a ruthless battle and battles are costly.
Kenya has a total installed capacity of 2300 MW. However, the country consumes only 1800 MW. About 500 MW remains unused or is lost in transmission. Elementary economics would suggest that because power is in excess, therefore it should be cheaper to consumers. But this is hardly the case.
The financial sector has evolved over the years with new technologies being introduced in the industry. In Kenya competition on who comes up with the next best application is changing our view of banks.
A split means that telephone services are offered by one firm while financial services are offered by another. It will empower m-pesa to fight competition, capture larger markets and deliver value
Equity bank is the largest bank in Kenya by customer deposits and the best bank in the world in terms of return on assets. Its success came from strategy to go for the bottom of the pyramid. The greatest threat to equity Bank is poor customer service, but it still is a strong investment destination
If you bought Safaricom shares 5 years ago, you have made a return of close to 600%. Even in the face of competition and split recommendations due to alleged dominance, the company has continued to outperform and is currently by market capitalization, bigger than the combination of all Kenyan banks plus EABL!
For the longest time the Kenyan banks have been the port of call for investors; they were profitable, resilient, and stable and the price gains were attractive. This was especially true for the 6 leading banks. However, for the last three years it seems the fellowship of the gold standard has been haunted by new demons. Have the Kenyan banks lost their shine?
Beyond your emergency fund, you should not put money that you don't plan on using in the near future into a bank savings accounts or merry-go-round scheme since they can't even keep up with inflation. The "rule of 72" offers a simplified way to calculate how long your investment will take to double, given a known annual rate of return.
Interestingly, there are some foreign investors who are waiting for the market to bottom out so they can take full advantage of the bear. Well, Africans only slaughter when the visitors come, so let them. But make sure you are in when the meat is being distributed.

Brief Profile

Market Segment: Nairobi Securities Exchange Indices
Sector: Indices

Jan 01, 2001
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