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NSE investors gain Sh138bn in January on blue chips rally
Local investors’ activity is set to deepen further on the back of the NSE’s first large initial public offering (IPO) in nearly two decades with the ongoing Sh106.3 billion sale of a 65 percent government stake in Kenya Pipeline Company.
Investors at the Nairobi Securities Exchange (NSE) gained 4.7 percent or Sh138.5 billion in January, maintaining the momentum that saw investor wealth expand by a record Sh1 trillion or 51.8 percent last year.
Market capitalisation, the measure of investor wealth, stood at Sh3.083 trillion at close of trading on Friday, compared to Sh2.945 trillion at the beginning of the year.
