• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Nairobi Stock Exchange begins day trading

Uche Ndimele by Uche Ndimele
November 3, 2021
in Business News, Spotlight, Stock Market
Nairobi Stock
Share on FacebookShare on TwitterShare on Linkedin

The Kenya Capital Market Authority, CMA, has given the Nairobi Stock Exchange, the go-ahead to initiate day trading in the Kenyan market.

Consequently, day trading will commence at the Exchange on November 22, 2021.

This is part of the Government of Kenya and the Capital Market Authority’s efforts to enhance market liquidity.

RelatedStories

No Content Available

What is day trading?

Day trading is the practice of buying and selling a security within a single day, or within a trading session or even doing so multiple times over the course of the day.

As a motivation to get day traders to the market, the Board of the Nairobi Stock Exchange has approved a discount on trade transactions cost. The exchange usually charges 0.12% commission on trades, but for day traders, that has been reduced to 0.114% on the second leg of transactions.

This implies that the usual 0.12% will be charged on the buy trades but the sell trades will attract 0.114% commission. For short-sellers, the 0.12% will be charged on the short sell, while the 0.114% will be charged on the buy to cover trades.

In preparedness for the day trading activities, the Exchange commissioned a new trading system in 2019, a system that has helped separate trading and post-trading activities. Such separation has also enabled the Exchange to introduce new financial products like Covered Short Selling and Day Trading with the hope that those would lead to the revolutionization and strengthening of the Nairobi Exchange as the “preferred investment hub for the region.”

According to the CEO of the Exchange, Mr Geoffrey Odundo, “Day trading is a welcome move for local investors who have previously lobbied for the activation of the intraday trading, as they seek to take advantage of intraday price movements and increase their profit margins.

“We are confident of a bullish market performance going forward,” he said.

Speaking in agreement with Mr Odundo and reiterating on the value day trading could add to the Exchange and the market, the Chairman of the Exchange, Mr Kiprono Kittony, EBS, noted that “Day trading will allow investors to trade on one position, two or three times per day. This will significantly increase our turnovers and attract more investors to the bourse, further entrenching the NSE as an innovative and transformational Exchange in the region.”

Not only will the introduction of day trading enhance the liquidity of the Kenyan market, but it is also hoped that it will increase investor participation in the market. It is also expected that it would help the market rebound more strongly from the effects of Covid-19.

So, for any Nigerian wishing to profit from activities in the Kenyan market, the introduction of Day Trading may be good news.

Tags: Nairobi Stock Exchange
Uche Ndimele

Uche Ndimele

Uchenna Ndimele is the President of Quantitative Financial Analytics Ltd. MutualfundsAfrica.com and mutualfundsnigeria.com (both Quantitative Financial Analytics company website) is a leader in supplying mutual fund information, analysis, and commentary on African mutual funds. We provide reliable fund data; and ratings information that will add value to fund managers, the media, individual investors and investment clubs.

Related Posts

No Content Available
Next Post
Champion Breweries, Consumer goods

Champion Breweries leads best-performing consumer goods stocks in October 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Top 10 most expensive states to live in Nigeria in June 2025 
  • FG introduces nationwide policy to regulate non-state schools, improve education quality
  • Sokoto State to plant 1 million trees to tackle desertification and climate change 

Follow us on social media:

Recent News

Top 10 most expensive states to live in Nigeria in May 2025 

Top 10 most expensive states to live in Nigeria in June 2025 

July 16, 2025
FG inaugurates 25-member committee to establish Nigerian Education Data Initiative 

FG introduces nationwide policy to regulate non-state schools, improve education quality

July 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics