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By Rodney LUBOGA
The capital market registered a decline of 38.7% in the quarterly cumulative equity turnover to KES 17.39 billion at end of Q3 2024 from KES 28.39 billion at end of Q2 2024. The bond turnover increased by 20.8% to KES 391.04 billion in Q3 2024 (Q2 2024: KES 323.60 billion).
Consequently, the capital market capitalization decreased by 2.0% to KES 1,676.24 billion in Q3 2024 compared to KES 1,710.64 billion in Q2 2024.
The NSE 20 share index increased by 7.2% to close the quarter at 1,775.67 in Q3 2024 compared to 1,656.50 reported in Q2 2024. The NASI index decreased by 2.2% to close at 107.08 at the end of Q3 2024 compared to 109.49 at the end of Q2 2024.
The industry exposure to capital market investment (quoted ordinary shares) continued to drop from 4.3% in Q3 2021 to 2.1% in Q3 2024 with long-term business having the highest exposure as a proportion of class total assets of 2.3%.