Agriculture shares lose steam as ‘Rea Vipingo’ effect wears off

Agriculture stocks have this year lost the momentum that saw the sector buck a bearish trend at the Nairobi Securities Exchange (NSE) in 2015, with three of the six listed firms losing half their value as the “Rea Vipingo” effect wears off.

Shares of Kakuzi, Kapchorua Tea, Williamson Tea, Limuru Tea and Sasini were the standout performers in the market in 2015, when investors bought in with an eye on the potentially valuable land assets held by the firms.