Blue-chip stocks at the Nairobi Securities Exchange (NSE), including Safaricom, Equity and KCB, have increased their dominance of the market as speculative trading on small-cap companies drops off.
Data from the Capital Markets Authority (CMA) shows the market concentration of the top five firms on the bourse by capitalisation rose to 66.69 percent in the quarter ended September from a lower 64.51 percent previously and 62.88 percent in the first quarter.
