Bonds turnover up by 39pc to Sh263bn

Bonds turnover on the Nairobi Securities Exchange (NSE) rose by 39 per cent to Sh263.2 billion in the first half of the year as investors shifted their attention to the fixed-income market to avoid declining returns from equities.

The NSE counts only one side of a trade when calculating the bonds turnover to reflect the actual sum changing hands, but stockbrokers earn commissions on both sells and buys of a transaction, meaning their effective turnover is Sh526.4 billion.