NSE eyes higher turnover as day trading kicks off

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A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG

The Nairobi Securities Exchange (NSE) Monday formally kicked off day trading of shares, which it hopes will raise market turnover by allowing investors to carry out multiple trades on stocks within a session.

Day trading allows investors to buy and sell the same company shares several times during a single day looking to make gains from small price movements, sometimes riding on events that sway share prices.

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