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NSE drops minimum 100 shares trading rule
Since 2019, foreigners have largely remained bearish on smaller markets, largely due to a flight to the safety of developed markets amid global shocks such as the Covid-19 pandemic and the Russia-Ukraine war.
The Nairobi Securities Exchange (NSE) has changed its rules to allow for trading in shares in multiples of a single unit, shutting down the odd lots board, which has handled trades of less than 100 shares since the market’s automation in 2006.
Under the previous rules, the NSE had a minimum trade limit of 100 shares on its normal trading board, which has now been tweaked to allow for trades in lower multiples as low as one share.
