The Kenya Association of Stockbrokers and Investment Banks is an association that represents the interests of Kenyan stockbrokerage and investment banking companies. It was initially founded as the Association of Kenya Stockbrokers (AKS)
This is the rapid and widespread selling of a security e.g. shares, leading to a sudden drop in their prices. A sell off may occur when a company issues disappointing end of year results.
This is the total amount of money paid in full by shareholders of a company for the purchase of their shares. It is calculated by multiplying the total number of shares issued by the par value of each share.
This is a condition of the stock market where investors take fright and start selling a particular share with little regard to the price they sell at thereby pushing down its price. This usually results in a vicious cycle in which investors see a declining price as a sign to sell off their shares which further depresses the price and prompts even more investors to sell their shares fearing to incur loss.
This is when the market price of a share is less than its original purchase price giving rise to a loss in value which is not a realized loss until the shares are actually sold.
Also known as free float and is the total number of shares issued by a listed company that are publicly owned and available for trading. Floating stock is therefore the number of shares of a company that are traded at the Nairobi Securities Exchange.