The Nairobi Securities Exchange has issued new initial margin requirements for Equity Futures trading on NEXT( NSE Derivatives Market). The new initial margin will affect contracts expiring on 17th September and 17th December this year as well as contracts expiring on 18th March and 17th June 2021.
Investors in Safaricom contracts will have to part with KSh 3000 and KSh 3300 for the 17th September and 17th December contracts respectively. Investors in KCB contracts will now part with KSh 5000 and KSh 5300 for the contracts expiring in September and December this year respectively.
The derivatives market closed the week with a total of 21 contracts valued at KSh 581,350 transacted. The KCB contract expiring on 18th June 2020 moved 8 contracts valued at KSh 276,000. Safaricom had 5 contracts worth KSh 149,250 expiring on 18th June 2020 transacted.
The new Initial margin requirements will take effect on Friday 19th June.
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