Investors in shares trading on the Nairobi Securities Exchange (NSE) lost Sh226.10 billion in paper wealth last week largely on bearish sentiment and a sell-off on Safaricom and KCB counters by foreign funds chasing higher returns in developed markets.
Market capitalisation — the value of all stocks on the Nairobi bourse— slid to a fresh low of Sh1.61 trillion last Friday compared with Sh1.84 trillion the week before, according to NSE data.
