Investors use half of NSE shares to secure bank loans

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A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG

Retail investors on the Nairobi Securities Exchange (NSE) have used 52.4 percent of their shares to secure bank loans, indicating that less than half of small investors’ portfolio represent actual wealth.

A report by the Capital Markets Authority (CMA) shows that individuals pledged a total of 6.52 billion shares in the quarter ended September, up from 6.43 billion shares a year earlier.

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