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Dominance of big five NSE stocks cut to 62pc
As more investors come into the market, a wider range of stocks have recorded double-digit percentage gains, cutting across sectors such as banking, manufacturing and energy.
Small and medium-sized stocks have cut the dominance of the five largest firms at the Nairobi bourse amid a rally in share prices and fresh listings of Kenya Pipeline Company (KPC) and Family Bank.
Safaricom, Equity Group, KCB Group, EABL and Co-operative Bank of Kenya now account for 62 percent of the Sh3.991 trillion investor wealth at the Nairobi Securities Exchange (NSE), down from 66 percent at the beginning of the year.
