Nairobi, July 8 (Xinhua)-Kenya’s derivatives market trading hits for the first time in two years in the first half of this year as the value of the securities traded has risen to 148 million shillings. Was recorded. The exchange (NSE) said Thursday.
This performance shows a 668% increase in sales over a similar period in 2020.
According to NSE, daily sales have increased significantly since the launch of the 2019 segment.
Geoffrey Odundo, CEO of NSE, recently said that improved trading in this segment shows confidence in the market despite the turmoil in COVID-19.
On Wednesday, $ 9,056 worth of securities were traded in the derivatives market, with an average of $ 9,242 worth of securities the market maintained over the past few weeks.
The NSE derivatives market is second in sub-Saharan Africa and the other in Johannesburg, South Africa.
In the derivatives market, investors can bet on future price fluctuations to profit or hedge assets such as bonds, commodities and interest rates against losses.
Kenya’s Derivatives Market Transactions Record New Highs
Source link Kenya’s Derivatives Market Transactions Record New Highs