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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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-Deacons given trading lifeline - Floor now set at Kshs. 00.000000000  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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Pesa Nane wrote:-Deacons given trading lifeline - Floor now set at Kshs. 00.000000000  Supernyanis headed straight down to 0 will not benefit a pip from this.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Have we ever reached to this level with any stock? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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This is nonsense from NSE Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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MugundaMan wrote:Pesa Nane wrote:-Deacons given trading lifeline - Floor now set at Kshs. 00.000000000 Supernyanis headed straight down to 0 will not benefit a pip from this. This will make moves to be tight and tricky. Monkies will not enjoy rapid advances any more. Lost opportunity.  Munia-us will not jump steady so offenly again. ,Behold, a sower went forth to sow;....
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Rank: Veteran You have been a member since:: 1/20/2011 Posts: 1,820 Location: Nakuru
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Pesa Nane wrote:-Deacons given trading lifeline - Floor now set at Kshs. 00.000000000 What is the layman translation of this? What does 0.01 or 0.02 or 0.0n spread mean? Kizungu mingi confuses me Dumb money becomes dumb only when it listens to smart money
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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I'm also lost here?? Does it mean in case of dividend announcement, the rise is set at 1% ?? “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Member Joined: 5/2/2018 Posts: 267
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Fyatu wrote:Pesa Nane wrote:-Deacons given trading lifeline - Floor now set at Kshs. 00.000000000 What is the layman translation of this? What does 0.01 or 0.02 or 0.0n spread mean? Kizungu mingi confuses me These are the spreads/margins you'll be adjusting your bids or orders by, up to ±10%, presumably since this rule hasn't been addressed in this notice.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Fyatu wrote:Pesa Nane wrote:-Deacons given trading lifeline - Floor now set at Kshs. 00.000000000 What is the layman translation of this? What does 0.01 or 0.02 or 0.0n spread mean? Kizungu mingi confuses me I think it means you can buy Neveready at 0.71, 0.72, 0.73 etc instead of 0.75, 0.80, 0.85 etc Life is short. Live passionately.
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Rank: Veteran You have been a member since:: 1/20/2011 Posts: 1,820 Location: Nakuru
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Thanks @Superprime and @sparkly. If this has replaced the 10% law then we are damned. Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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sparkly wrote:Fyatu wrote:Pesa Nane wrote:-Deacons given trading lifeline - Floor now set at Kshs. 00.000000000 What is the layman translation of this? What does 0.01 or 0.02 or 0.0n spread mean? Kizungu mingi confuses me I think it means you can buy Neveready at 0.71, 0.72, 0.73 etc instead of 0.75, 0.80, 0.85 etc Correct but why lemea my Neveready again?
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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MugundaMan wrote:sparkly wrote:Fyatu wrote:Pesa Nane wrote:-Deacons given trading lifeline - Floor now set at Kshs. 00.000000000 What is the layman translation of this? What does 0.01 or 0.02 or 0.0n spread mean? Kizungu mingi confuses me I think it means you can buy Neveready at 0.71, 0.72, 0.73 etc instead of 0.75, 0.80, 0.85 etc Correct but why lemea my Neveready again? nine lives In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 10/24/2013 Posts: 455 Location: Nairobi
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Fyatu wrote:Pesa Nane wrote:-Deacons given trading lifeline - Floor now set at Kshs. 00.000000000 What is the layman translation of this? What does 0.01 or 0.02 or 0.0n spread mean? Kizungu mingi confuses me Layman translation Quote:The Nairobi Securities Exchange (NSE) has reviewed the price movement spreads for shares, with the smallest possible movement for stocks priced below Sh5 now set at one cent from the previous five cents.
In the revision done on Tuesday, the bourse has increased the price bands for bidding and dealing spreads to six, up from the previous four.
The spreads determine the amount of value at which a stock moves up or down in trading between bids, up to a maximum of 10 per cent on the previous day’s closing price.
Under the previous rules, stocks trading below Sh20 had a spread of five cents, with those trading at between Sh20 and Sh50 moving up or down in lots of 25 cents.
“This will increase the depth of the order book and enhance liquidity. It also allows counters that are trading below Sh1 to operate within the 10 per cent range based on the previous price,” said the NSE.
For shares priced between Sh50 and Sh500, the price movement has been set at Sh0.25 between bids, while for those between Sh500 and Sh1000, movement has been set at Sh1.
Shares priced above Sh1000, of which there is only the seldom traded Kurwitu Ventures and the Barclays NewGold ETF at the NSE, price movement will be in lots of Sh5 between bids.
Previously, shares priced between Sh50 and Sh100 moved up or down by Sh0.50 between bids, while all stocks priced above Sh100 were moving up or down by a shilling. Source: Business Daily
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Rank: Member Joined: 5/2/2018 Posts: 267
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Fyatu wrote:Thanks @Superprime and @sparkly. If this has replaced the 10% law then we are damned. The 10% rule remains; just the movements have changed to either rise slowly or drop slowly.
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Rank: Member Joined: 5/2/2018 Posts: 267
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The online trading platforms haven't adjusted to cater for the change. Doesn't the NSE liaise with vendors of theses systems beforehand to tweak them?
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Rank: New-farer Joined: 8/1/2018 Posts: 60 Location: Nairobi
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Superprime1 wrote:Fyatu wrote:Thanks @Superprime and @sparkly. If this has replaced the 10% law then we are damned. The 10% rule remains; just the movements have changed to either rise slowly or drop slowly. Someone explain to me how KK has shot up by 30% in 2 hours if the ceiling is 10%?
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Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi
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Kibe21 wrote:Superprime1 wrote:Fyatu wrote:Thanks @Superprime and @sparkly. If this has replaced the 10% law then we are damned. The 10% rule remains; just the movements have changed to either rise slowly or drop slowly. Someone explain to me how KK has shot up by 30% in 2 hours if the ceiling is 10%? There has been a material announcement today, so they are exempt from the rule during today's trading The harder you work, the luckier you get
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Rank: New-farer Joined: 8/1/2018 Posts: 60 Location: Nairobi
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kryptonite wrote:Kibe21 wrote:Superprime1 wrote:Fyatu wrote:Thanks @Superprime and @sparkly. If this has replaced the 10% law then we are damned. The 10% rule remains; just the movements have changed to either rise slowly or drop slowly. Someone explain to me how KK has shot up by 30% in 2 hours if the ceiling is 10%? There has been a material announcement today, so they are exempt from the rule during today's trading Thanks 
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Kibe21 wrote:kryptonite wrote:Kibe21 wrote:Superprime1 wrote:Fyatu wrote:Thanks @Superprime and @sparkly. If this has replaced the 10% law then we are damned. The 10% rule remains; just the movements have changed to either rise slowly or drop slowly. Someone explain to me how KK has shot up by 30% in 2 hours if the ceiling is 10%? There has been a material announcement today, so they are exempt from the rule during today's trading Thanks Link HEREPesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 5/2/2018 Posts: 267
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Was this story of bidding and dealing spreads review ever effected or was it just for show by NSE? 
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