Stockbrokers suffer losses after activity dips at NSE

Investment brokers on the trading floor of the Nairobi Securities Exchange. PHOTO | FILE | NMG

Kenyan stockbrokers and investment bankers are the latest causalities of the bear run at the Nairobi Securities Exchange which has eroded the value of stock investments and left investors counting paper losses.

Activity on the bond market has also declined, with Ksh238.63 billion ($2.3 billion) worth of bonds traded in the first half of 2017, compared to Ksh263.21 billion ($2.6 billion) in the same period last year, representing a 9.34 per cent decrease.