The value of the stock market fell by Sh28 billion on Wednesday when a number of blue-chip firms traded at new 52-week lows in the ongoing bear market.
Total market capitalisation declined to Sh1.847 trillion Wednesday from Sh1.875 trillion on Tuesday, with share prices of major firms such as Safaricom, Equity Group, and East African Breweries Plc (EABL) falling further and contributing to most of the paper losses.
