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97pc of NSE share trading accounts remain dormant

Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG

By  Charles Mwaniki

Business Reporter

Nation Media Group

Nearly 97 percent of equities accounts used for trading at the Nairobi Securities Exchange (NSE) #ticker:NSE have been dormant in the past two years, revealing the apathy among retail investors who entered the market during the 2000s IPO boom.

Only 61,000 of the 2.03 million share accounts at the Central Depository and Settlement Corporation (CDSC) have participated in trading over the two years, representing a three percent share.

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