The Nairobi Securities Exchange (NSE) has posted an impressive 72.2% growth in its half year net earnings to Ksh 133.9 million from Ksh 77.8 million in the same period last year attributed by the improving macro-economic environment.
The exchange’s total income rose by 24% to Ksh 351 Million boosted by a 32% increase in equity turnover from Ksh 82 Billion to Ksh 108.5 Billion. Bond turnover for the period under review also increased by 30% to Ksh 311 Billion.
NSE’s balance sheet grew by 14% to Ksh 2.3 Billion while its assets went up 14% to Ksh 2.3 Billion. Administrative expenses were up 9% to Ksh 277.3M. The company’s Earnings per share (EPS) rose by 73.3% to Ksh 0.52.
The exchange is optimistic that it will be able to maintain improved performance in the second half of the year on the back of a stable political environment, stable interest rates, improved weather conditions and heightened investor confidence in the Kenyan market.
“Our strategic investments in product development and innovation continue to position the NSE as a leading Exchange in the region and one of the best performing frontier markets in Africa offering our investors a variety of investment options.” Says Geoffrey Odundo CEO NSE.
