This archive report was first published on 15 June 2020.
On June 15, 2020, the Nairobi Securities Exchange (NSE) announced new initial margin requirements for Equity Futures trading on the NSE Derivatives Market, set to take effect on Friday, June 19, 2020.
The new requirements will impact contracts expiring on September 17 and December 17 this year, as well as contracts expiring on March 18 and June 17, 2021.
Investors in Safaricom contracts will need to pay KSh 3,000 and KSh 3,300 for the September 17 and December 17 contracts, respectively. Meanwhile, investors in KCB contracts will have to part with KSh 5,000 and KSh 5,300 for the contracts expiring in September and December this year, respectively.
According to the NSE, the derivatives market closed the week with a total of 21 contracts valued at KSh 581,350 transacted. Notably, the KCB contract expiring on June 18, 2020, moved 8 contracts worth KSh 276,000, while Safaricom had 5 contracts worth KSh 149,250 expiring on June 18, 2020, transacted.
