Retail investors at the Nairobi Securities Exchange (NSE) will, from August 1, be able to buy and sell shares in multiples of one as the market does away with the old rule that required investors to buy shares in lots of 100. This is after the bourse received approval from the Capital Markets Authority (CMA) to amend the Equity Trading Rules, which restricted trading to 100 shares.
The new rule permits investors to trade shares up to a single unit.
It seeks to draw more retail investors into the market.
Buying shares in blocks of 100 has, in the past, been cited as an entry barrier for many Kenyans.
