Everyone's doing it - stock market in Kenya
What promises the excitement of gambling without the adverse social consequences? For a growing number of Kenyans it's the Nairobi Stock Exchange (NSE).
The NSE has come a long way since 2002. The paper system which required up to three days just entering trading orders, is finally gone. The number of investors grew to 750,000 from 50,000 and the market capitalization is at $12 billion.
Can Africa attract more investment? So far the NSE has drawn Goldman Sachs.
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the excitement of gambling is relative and gambling is one of the greatest stock market myths which as discussed in the blog http://mykenyanmoney.blogspot.com
i think the reason less kenyans do invest in due to misconceinved perceptions about the stock market also the few who do invest only a small portion of investors the"informed investors" who are usually high networth individuals and insider traders trade a big portion of averagely kshs.710 billion evereday.
Kenya and the NSE still has a long way to go, no person has been prosecuted for insider trading, there is a non existent secondary market for SMEs no option trading you can dream on
Posted by: Alex | Sep 3, 2007 12:27:29 PM