Growth: The Nairobi Stock Exchange has grown by leaps and bounds in market capitalization and number of listed firms thanks to an increased Offers For Sale by private and public companies including Kengen, Scangroup, Eveready, AccessKenya, Kenya Re and Mumias Secondary offer. Alongside these Initial Public Offerings (IPOs) there have been increased rights issue by companies starting with the suspended Uchumi others are KCB, Diamond trust, Housing Finance, Olympia capital, NIC Bank amongst others. The activity at the bond market has also realized improved performance over the last few years and expectations are high for this emerging market with a focus by the Wall Street leading investment banks.
Most investors do not have much knowledge of the factors behind share price formation. But stockbrokers, fund managers or stock market analysts have more superior information on what goes on with share prices. They often have the technical know how on how to undertake technical and fundamental analysis. Further, they have the proximity to corporate decision makers and the shakers and movers of the Kenyan investments cycles as well as the Board of Directors and management of most listed firms who can confide fundamental information to guide their investment endeavors.
-Increased online blogs devoted to stock market investments and the investing in the emerging markets of Africa. This has created interests amongst foreign investors targeting emerging markets.