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Five more market intermediaries report losses amid market slump
Investment brokers on the trading floor of the Nairobi Securities Exchange. PHOTO | FILE
Four more brokerages and investment banks on Monday reported losses in the first six months as revenue from stock sales at the Nairobi Securities Exchange (NSE) contracted amid a lengthy market slump.
NSE 20 share index is down nearly 15 per cent in the year to date. Brokers are paid commissions as a percentage of the traded price such that higher stock prices and turnover increase their income.
