Institutional investors have overtaken individuals in the share of equities trading at the Nairobi Securities Exchange (NSE) as the high-net-worth dealers shift part of their investments from government papers.
Data from the Capital Markets Authority (CMA) show that the share of equities trading controlled by local institutional investors, such as pension schemes and insurance firms, surged to 67.65 percent in the quarter ended June from 36.34 percent in the same period a year earlier.
