Nairobi Stock Exchange has launched Day Trading
The Nairobi Securities Exchange (NSE) has today officially launched day trading, as part of NSE’s strategy to enhance market liquidity following approval from the Capital Markets Authority (CMA) on 26th October 2021.
Day trading refers to the practice of purchasing and selling a security within a single day or trading session or multiple times over the course of the day…..NAIROBI STOCK EXCHANGE
NAIROBI, Dec 3 (Reuters) – Kenya’s Nairobi Securities Exchange has launched day trading, it said on Friday, allowing investors to buy and sell securities multiple times in a single day, to increase liquidity at the bourse.
The exchange, which is among the biggest on the continent by trading volumes, is popular with foreign investors seeking exposure to East Africa’s fast-growing economies…….Reuters
NSE investors can now buy and sell shares of any company within a single trading day. This would allow them to profit from instant price movements triggered by events like profit announcements.
The NSE today received approval from the Capital Markets Authority (CMA) and will roll out the practice—usually called day trading—on November 22…..Standardmedia