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Nairobi security exchange A capital market non-depository financial institution

The Nairobi Securities Exchange was shaped in 1954 as a voluntary organization of

stockbrokers and is currently one amongst the foremost active capital markets in Africa.

The administration of the Nairobi Securities Exchange limited is located on the first

Floor, Nation Centre, Kimathi Street, Nairobi. As a capital market institution, the stock

market plays an important role in the strategy of economic development. It helps

mobilize domestic savings thereby conveyance regarding the reallocation of economic

resources from dormant to active agents. long investments unit create liquidity for

financial assets, as a result of the transfer of securities between shareholders, is speeded

up offering an automated platform for listing and trading of securities. The Exchange has

additionally enabled firms to have interaction native participation in their equity and an

instruments traded in financial markets used to transfer risk thereby giving Kenyans an

opportunity to have shares (www.nse.co.ke, 2009), price discovery of the financial assets

by bringing buyers and sellers together and transfer of capital from where it is in surplus

Nairobi Securities Exchange (NSE) is categorized into 3 market segments;

• Main Investment Market phase (MIMS),

• different Investment Market phase (AIMS) and

• glued financial gain Market phase (FIMS) (NSE handbook, 2009).

The securities exchange is a market that deals within the exchange of securities

issued by in public quoted corporations and also the Government. The companies quoted

in Nairobi Securities Exchange area unit categorized as follows; agricultural, industrial

and services, telecommunication and technology, vehicles and accessories, banking,

insurance, investment and producing and allied, ENERGY AND PETROLEUM, REAL

ESTATE INVESTMENT TRUST, EXCHANGE TRADED FUND. There area unit as of

Gregorian calendar month 2019, sixty-seven corporations listed at the securities

exchange.