Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Use of shares for loans tumbles to 54 percent
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
Retail investors on the Nairobi Securities Exchange (NSE) have used 54 percent of their shares to secure bank loans, indicating that less than half of small investors’ portfolios represent net wealth.
The latest quarterly Capital Markets Authority (CMA) report shows that individuals pledged a total of 6.38 billion shares as of June 2022. They held a total of 11.8 billion stocks in the period.
