NSE drops below Sh4trn as sell-off deepens

Due to the rising geopolitical tension, the yield on the US 10-year bonds has hit the key five percent threshold for the first time since 2023.

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Investor wealth at the Nairobi Securities Exchange (NSE) had dipped below the Sh4 trillion mark for the first time since crossing this milestone a month ago, weighed down by retreating blue-chip stocks driven by heightened selling by foreign and local investors.

The bourse closed Thursday with a valuation of Sh3.948 trillion, having shed Sh178.7 billion in two days to wipe out nearly a fifth of its gains in the year-to-date.

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