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Nairobi Stock Exchange changes name to ...
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Aguytrying
#11 Posted : Wednesday, October 12, 2011 12:00:07 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Cde Monomotapa wrote:
I have finally got it!! So this why the mkt has been falling Laughing out loudly Laughing out loudly guys have been dumping their NSE stocks to move to the NSE Laughing out loudly Laughing out loudly



ha ha. btw why are foreigners dropping our beloved KCB like a hot potato. Soon to hit 15.00 territory
The investor's chief problem - and even his worst enemy - is likely to be himself
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QW25081985
#12 Posted : Wednesday, October 12, 2011 12:10:29 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
Cde Monomotapa wrote:
I have finally got it!! So this why the mkt has been falling Laughing out loudly Laughing out loudly guys have been dumping their NSE stocks to move to the NSE Laughing out loudly Laughing out loudly



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
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Cde Monomotapa
#13 Posted : Wednesday, October 12, 2011 5:47:03 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Aguytrying wrote:
Cde Monomotapa wrote:
I have finally got it!! So this why the mkt has been falling Laughing out loudly Laughing out loudly guys have been dumping their NSE stocks to move to the NSE Laughing out loudly Laughing out loudly



ha ha. btw why are foreigners dropping our beloved KCB like a hot potato. Soon to hit 15.00 territory

Coz they are broke at home. They'll be back and this time for a very long time when they discover frontier economies are way less risky than their developed(shrinking) economies.
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Nabwire
#14 Posted : Wednesday, October 12, 2011 10:51:51 PM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
guru267 wrote:
Nabwire wrote:
Wouldnt it make more sense to add different exchanges than simply changing the name? It would go a long way if the NSE grouped companies according to market capitalization (Dow 30), up and coming tech companies (Nasdaq) and mercantile exchanges like the NYMEX. But then again, NSE is a young exchange with alot of room for growth.


@Nabwire do you mind if I school you a little..

The dow jones 30, the NAsdaq etc are all indices under the New York Stock Exchange.. They are not individual exchanges..

As our market grows though we do need more indices


Thanks for the correction, though I was more interested in NSE expanding, whether through more indices or more exchanges. I think grouping companies according to market cap or whether they are small to mid size upcoming companies, will create a more informed investor base. Though NYSE is the major exchange, there is the Chicago, Philadelphia & Cincinatti stock exchanges, maybe in the future we can have stock exchanges in different cities than just Nairobi. I think Sumuni gave a clear summary.
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guru267
#15 Posted : Thursday, October 13, 2011 7:15:33 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Nabwire wrote:
Though NYSE is the major exchange, there is the Chicago, Philadelphia & Cincinatti stock exchanges, maybe in the future we can have stock exchanges in different cities than just Nairobi. I think Sumuni gave a clear summary.


I dont think there is room in our small market for other exchanges..

Just look at SA.. They are pretty happy with having only the JSE and yer they have new listings practically every month..
Mark 12:29
Deuteronomy 4:16
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