Nairobi Securities Exchange (NSE) Reports 72.4% Jump in H1 Net Profit Amid Increased Trading Commissions
The Nairobi Securities Exchange (NSE) recorded a substantial 72.4% increase in net profit, reaching Ksh 69.38 million in the first half of the year. This boost was attributed to higher equities trading commissions and data sales.
The exchange’s turnover also rose by Ksh 16.4 million to Ksh 377.3 million in the same period. Despite reduced trading activity compared to the previous year, an extraordinary spike in monthly turnover in March, driven by a significant block purchase of EABL shares, contributed to the positive half-year performance.
The NSE collected commissions of 0.12% per equities trade on its platform and reported a 31% increase in revenue from data vending, making it one of the exchange’s fastest-growing revenue streams. While bond commission revenue fell by 35% due to decreased secondary market bonds turnover, the NSE plans to diversify its income further and target one listing on each of its main market and exchange-traded fund segments in the second half of the year.
