Nairobi, Jan. 29 -- Investors who sold their Treasury bonds on the secondary market at the Nairobi bourse made a profit of Sh176 billion after falling returns on new issuances triggered a jump in prices and demand for older, more lucrative papers.

The profits were nearly five times the Sh36.1 billion in earnings the secondary market made in 2024, underlining the dual impact of higher trading activity and prices.

The profit is the difference between the selling price of the bonds to other investors onthe Nairobi Securities Exchange (NSE) and their face value, which is the amount the seller paid the government when purchasing a unit of the paper in the primary market Central Bank of Kenya (CBK).

The face value of a unit of a bond is pric...