• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home highlights

Nairobi Securities Exchange turnover falls by a third in July

4 years ago
in highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
62
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Nairobi Securities Exchange turnover falls by a third in July

The monthly equity turnover at the Nairobi Securities Exchange (NSE) fell by a third in July, indicating a reluctance by investors to let go of their stock at a time when share prices have been on the up at the market.

The NSE said turnover fell to Sh9.3 billion last month from Sh13.95 billion in June, a 33.5 percent drop that reflected reduced activity on the large blue-chip counter that dominates trading at the market.

On average, turnover has been lower this year compared to 2020, despite share prices going up. Ordinarily, investors tend to cash in and book their capital gains when share prices rise, but not if they see prospects of even higher prices going forward.

Since the beginning of the year, the benchmark NSE-20 Share Index has recorded a gain of 5.7 percent, while the all-inclusive NSE All Share Index is up 17.3 percent.

Foreign investors also cut their selling activity in July, recording net outflows of just Sh60.85 million compared to Sh1.6 billion in June.

These investors have significantly cut their exits from the Kenyan stock market this year compared to 2020 when they made record outflows.

RelatedPosts

Cyber Security Authority Warns of Rising Google Maps Brand Impersonation Scams

Fuel Prices to Rise From Monday Despite Fall in Global Oil Prices

Alcaraz Dominates to Reach Fourth Round at US Open; Rybakina Advances as Raducanu Falls

Read This: High duty for hybrid vehicles attributed to ECOWAS CET

In the first seven months of the year, net foreign outflows at the NSE stand at Sh4.9 billion, compare to net sales worth Sh21.4 billion in the corresponding period of last year.

While the rising share prices are a boost for investors who have endured a nearing market for the last five years, market intermediaries are looking at lower earnings due to the fall in turnover this year.

They derive their income from brokerage commissions charged on trades, charging on average about 1.8 percent per trade although this can be negotiated lower for trades worth above Sh100,000.

Those with strong bonds trading desks can, however, recoup some commissions from the higher bonds turnover being recorded this year. In the first seven months of the year, bonds worth Sh470.6 billion have been traded at the NSE, up from Sh294.6 billion in the corresponding period last year.

Brokers levy a commission of 0.03 percent per bond trade handled.

Source: african-markets
Via: norvanreports
Tags: all-inclusive NSE All Share Index is up 17.3 percent.benchmark NSE-20 Share IndexNairobi Securities Exchange turnover falls by a third in July
No Result
View All Result

Highlights

CHAN 2024: Senegal Edges Sudan on Penalties to Claim Third Place

Lands Minister Initiates Repeal of L.I. 2462 to Protect Reserves and Combat Galamsey

Ghana Link Assures Stakeholders of Major ICUMS Upgrade to Address Downtime Concerns

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

African Athletes Shine in 2025 Diamond League: A Celebration of Talent

BoG Designates Digital Credit Services as Non-Bank Financial Service

Trending

Features

Cyber Security Authority Warns of Rising Google Maps Brand Impersonation Scams

August 30, 2025

Ghana Warns of Rising Google Maps Brand Impersonation Scams The Cyber Security Authority (CSA) has issued a...

Fuel Prices to Rise From Monday Despite Fall in Global Oil Prices

August 30, 2025

Alcaraz Dominates to Reach Fourth Round at US Open; Rybakina Advances as Raducanu Falls

August 30, 2025

CHAN 2024: Senegal Edges Sudan on Penalties to Claim Third Place

August 30, 2025

Lands Minister Initiates Repeal of L.I. 2462 to Protect Reserves and Combat Galamsey

August 30, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.