Bonds market plunge leaves NSE investors at a crossroads
L-R: Nairobi Securities Exchange CEO Geoffrey Odundo and Capital Markets Authority CEO Wycliffe Shamiah during the SecondStax Portal launch at the Nairobi Securities Exchange Trading floor on November 4, 2022. PHOTO | DIANA NGILA | NMG
The decline in activity on the secondary bond market has adversely impacted bond turnover and reduced transaction incomes for bond dealers.
For example, in the six months to June 30, bond turnover at the at the Kenyan bourse declined by 19 percent to Ksh309 billion ($2.13 billion) from Ksh386 billion ($2.66 billion) in the same period last year.
