With Kenya’s annual money supply growth averaging more than 20% over the past decade, it is not astonishing most asset classes have yielded positive double digit returns. Coupled with strong foreign investor portfolio inflows, the Nairobi Securities Exchange (NSE) has benefited immensely – market-cap as a percentage of nominal GDP in 2014 stood at 43% up from 8.5% in 2001. Even more telling, average daily value traded on the NSE is now comfortably set above USD 8m up from less than USD 2m in 2001. This market report summarizes broad economic and capital markets data, whilst drilling down to specific underlying company and market drivers. It is intended to start concrete conversations around linkages between capital markets and the economy, equity index futures strategies and connection between private & public investing………
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