The exchange reported a profit of Sh320 million up from Sh262 million in 2013.
Its total operating income was Sh641 million up from Sh488 million in 2013.
The Nairobi Securities Exchange has posted a 22 per cent growth in net profits driven by increased trading commissions.
The exchange reported a profit of Sh320 million up from Sh262 million in 2013.
“This was driven majorly by the 39 per cent increase in equity turnover from Sh311 billion in 2013 to Sh431 billion in 2014,” said Geoffrey Odundo, chief executive of the NSE.
The bourse gets a commission of 0.12 per cent of the transaction amount for each deal done at the market. This earned it an estimated Sh512 million compared to Sh373 million the previous year.
Its total operating income was Sh641 million up from Sh488 million in 2013.
NSE received admission fees from companies that issued additional shares last year through rights issues such as NIC Bank, CfC and DTB.
Secondary trading activity in the fixed income market rose by 11 per cent to Sh1 trillion from Sh914 billion earning the exchange higher commissions.
NSE self-listed last year after demutualisation which has seen its shareholders roll grow to over 15,000 from previous 24 owners. It was previously owned by 22 stockbrokers, the government and Investors Compensation Fund.
Entry of new owners pushed the bourse’s capital levels to Sh778 million from Sh24.5 million.
The exchange hopes to admit new companies in the market through the Growth Enterprise Market Segment and the Real Estate Investment Trusts (Reits).
It also hopes to launch the derivatives market with single stock and index futures being the initial products. Introduction of the derivatives market is expected to boost foreign investors’ participation at the market said brokerage firm Kestrel Capital.
The management recommended a dividend of Sh0.38 per share.
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