Nairobi, Sept. 14 -- Bonds turnover at the Nairobi Securities Exchange (NSE) climbed to a 13-month high in August as investors continued their pursuit of the positive returns on offer in the fixed income segment amid a slump in performance of alternative asset classes.
Market data shows that the bonds turnover rose by 2.5 percent to Sh67.4 billion in August from Sh65.8 billion in July, marking a fourth straight month of increase since a 55 percent slump toSh29 billion in April when the country had in place its toughest Covid-19 restriction measures.
With the equities market continuing to offer negative returns, and other alternatives such as property also struggling, investors have been shifting portfolios to fixed income, especially gove...