Bond turnover at NSE dips 21pc on interest rate jitters

A Nairobi Securities Exchange (NSE) staff monitors electronic trade. FILE PHOTO | NMG

The turnover in the secondary bonds market at the Nairobi Securities Exchange (NSE) dipped by 21.5 per cent in February compared to January, as investors pumped capital into the primary market of Treasury bills amid uncertainty over the interest rate climate.

Market data shows the bonds turnover in February stood at Sh23.4 billion, compared to Sh29.8 billion in January.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.