Nairobi bourse in campaign to scale up trading by wooing back retail investors
Nairobi Securities Exchange Chief Executive Officer Geoffrey Odundo at the trading floor on February 8, 2022. The bourse is seeking the return of retail investors whose accounts have been dormant the past two years. PHOTO | DIANA NGILA
Nairobi Securities Exchange (NSE) has stepped up a campaign to bring back retail investors after a trail of exits following trading malpractices, loss of funds in failed stockbrokerage firms and botched investments in initial public offerings, which left the bourse with dormant accounts.
Only 61,000 of the 2.03 million share accounts at the Central Depository Settlement Corporation (CDSC) have participated in trading over the past two years, representing a three percent share. This means that 97 percent of equities accounts have been dormant.
