Stockbrokers' Commissions on the Rise

Data from the Nairobi Securities Exchange (NSE) shows that RenCap accounted for 16.7 per cent of the total Sh200 billion in combined sales and purchases, edging out SBG Securities and Kestrel Capital in a tight battle for market share.

SBG controlled 15.9 per cent of the turnover while Kestrel had 14.1 per cent ahead of African Alliance’s 10.5 per cent and Standard Investment Bank’s 10 per cent.

The trading volumes put stockbrokers on the road to earning huge trading commissions for a second year in a row.

The volume of shares sold at the Nairobi bourse rose 37 per cent in the first six months of the year, having stood at Sh73.3 billion for the corresponding period in 2013.