Bonds turnover declines as investors go for primary market auctions

Bonds turnover at the Nairobi Securities Exchange (NSE) fell by 18 percent in May as investors concentrated on purchasing new securities at the primary market, hitting stockbroker earnings at a time when equities trades remain subdued.

NSE data for May shows that investors traded Sh58.6 billion worth of bonds, down from Sh71.4 billion in April.