‘The significant growth in bond market turnover in 2024 reflects the continued positive investor sentiment and the country’s economic prospects. This outstanding performance showcases how our enterprise-wide reforms and innovations in the fixed income market are yielding results and how our market infrastructure is adapting to global industry trends’-Frank Mwiti, NSE Chief Executive Officer
The Nairobi Securities Exchange Plc (NSE) Bond Market has achieved a historic milestone by crossing the Ksh 1 trillion mark in cumulative turnover for the first time. The milestone, reached between January 2 and August 21 of this year, brings the total turnover to Ksh 1,004,096,815,867.
This achievement comes as a result of strategic reforms undertaken by the NSE aimed at broadening and enhancing the efficiency of Kenya’s bond market, making it more appealing to both domestic and international investors. The reforms have played a critical role in improving the vibrancy and efficiency of the fixed-income market.
Key among the reforms is the operationalization of a hybrid fixed-income market, combining onscreen trading and Over-the-Counter (OTC) trading of fixed-income securities. This hybrid model has significantly boosted pre-trade transparency, introducing a Bond Quotations Board that gives investors increased visibility into market quotes, promoting more informed trading decisions.
Frank Mwiti, NSE Chief Executive Officer, commented, “The significant growth in bond market turnover in 2024 reflects the continued positive investor sentiment and the country’s economic prospects. This outstanding performance showcases how our enterprise-wide reforms and innovations in the fixed income market are yielding results and how our market infrastructure is adapting to global industry trends.”
He added, “As a market, we will continue to pursue forward-looking initiatives aimed at creating a dynamic and resilient bond market that meets the needs of all investors and the broader capital markets ecosystem in Kenya and globally.”
