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Banks trigger shifts in most valuable NSE firms
For investors at the bourse, profit growth is a key metric to consider when picking stocks, with eyes on dividends, especially in times when bear runs constrain capital gains.
Listed banks have risen to the top of the most valuable companies at the Nairobi Securities Exchange (NSE) over the past decade, riding on their higher profitability as industrial stocks struggle to keep pace amid flat growth in a tough economy.
An analysis of the largest firms at the Nairobi bourse shows that eight banks sit among the top 10 firms by market capitalisation, up from six in August 2015.
