Construction shares fall on real estate slowdown

Nairobi Securities Exchange trading floor. FILE PHOTO | NMG

The share prices of companies linked to construction and real estate have been in the red over the past year due to slowdown in the sector’s activity in an economy that has shed jobs and seen stagnant wage growth.

Bamburi Cement #ticker:BAMB share has declined by 55 percent to trade at Sh59 in the past 12 months, while East Africa Portland Cement #ticker:PORT is down by 8.1 percent to Sh14.25.

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