Kenyan stocks pared losses yesterday after a selloff rocked markets worldwide at the start of the week, with investor sentiment stabilising after a rush for exits amid fears of a US recession and signs of financial instability in Japan.
The Nairobi Securities Exchange (NSE) All-Share Index rose 1.01 points, or one per cent on Tuesday, with the bourse adding Sh15.7 billion in market capitalisation —the measure of investor wealth at the bourse— to close the day at Sh1.595 trillion.
