Equity and bond turnover at the Nairobi Securities Exchange (NSE) rose 15.3 percent and 17.8 percent, respectively, in the first quarter of 2021 as the market overcame COVID-19 pandemic disruption, a report released by the Capital Markets Authority (CMA) Wednesday showed.
Equity turnover in the three months stood at 31.74 billion shillings (about 293 million U.S. dollars), up from 254 million dollars registered in the fourth quarter of 2020.
“This confirms an increase in trading activity at the bourse during the quarter,” said the regulator.
Investors’ wealth, measured by market capitalization, recorded a 4.3 percent increase to stand at 22.5 billion dollars during the period, the report showed.
The number of shares traded during the period increased to 997.75 million, up from 969.56 million in the previous quarter.
“Average foreign investors’ participation in the quarter stood at 60.4 percent compared to 65.9 percent recorded in quarter four of 2020,” said CMA.
At the bond market, the turnover increased to 1.84 billion dollars, up from 1.56 billion dollars traded in the previous quarter.
