The Causal Relationship between Exchange Rates and Stock Prices in KenyaSifunjo KisakaAnthony Mwasaru
This study examined the causal relationship between foreign exchange rates and stock prices in Kenya from November 1993 to May 1999. The data set consisted of monthly observations of the NSE stock price index and the nominal Kenya shillings per US dollar exchange rates. The objective was to est...
The East African nation's citizens mainly invested in stocks of homegrown firms that include Safaricom, Kenya Power, Kengen, Kenya Airways and Mumias Sugar. A majority of the stocks are currently trading below the initial public offer price save for a few like Safaricom, Kenya's leading telecom...
Thus, the bourse recorded a decline in the derivatives segment in terms of transaction value and deals compared to deals worth KSh 364,870 concluded previously. The NSE had Bonds worth KSh 2.911 Million which traded in the secondary bond market compared to the KSh 606.05 Million achieved in 24...
Cointegration tests indicate a long-run relationship between interest rate and stock prices for Kenya and South Africa. The short-run dynamic Vector Error Correction Model Granger causality shows unidirectional causality from stock returns to interest rate in Kenya and bidirectional causality in South ...
Safaricom was the main feature with 42.6 million shares valued at KSh1.37 billion changing hands at between KSh30.30 and KSh33.30. This represented 38.49% of the week’s traded value. See Also: Kenya’s Stock Market Ranked Sub-Saharan Africa’s Best Performer in the Past Decade...
“It is possible that the price of the ETF varies without any significant volumes trading as the price is dictated by the price of the underlying asset [gold prices in the international market].” Investors in the NewGold ETF are holding onto the asset, reflected by muted trading...
Kenya: This document is being distributed in Kenya by, and is attributable to Standard Chartered Bank Kenya Limited. Investment Products and Services are distributed by Standard Chartered Investment Services Limited, a wholly owned subsidiary of Standard Chartered Bank Kenya Limited (Standard Chartered Ba...
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