Daily NSE trading turnover up 31pc in first half of year

Stock brokers at Nairobi Securities Exchange. FILE PHOTO | NMG

The average daily traded turnover at the Nairobi Securities Exchange (NSE) #ticker:NSE rose by 31 per cent to Sh868 million in the six months to June compared to a similar period in 2017, setting up stockbrokers and their agents for higher commission earnings.

The Standard Investment Bank (SIB) analysis of NSE data shows the daily traded average hit its peak in March at Sh1.1 billion, coinciding with the peak of a three-month rally that saw the NSE 20 Share Index touch a 2018 high of 3,862 points on March 21.

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