NSE rebounds from first half dip on race for cheap shares

Nairobi Securities Exchange (NSE) logo on the trading floor. 

Photo credit: File photo | Nation Media Group

The Nairobi Securities Exchange (NSE) has rebounded from a dreadful first half of 2022 as easing rate rise expectations in the US and scramble for falling stocks fuelled a rally in July.

Market capitalisation increased by Sh259 billion in July to Sh2.198 driven by local investors snapping shares dumped by foreigners that shifted capital to safe havens abroad.

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