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NSE sheds Sh174bn in two months as foreigners flee
The Nairobi Securities Exchange (NSE) on August 26, 2020. Analysts are linking the NSE decline to anti-government protests that have injected uncertainty into the macroeconomic environment.
The Nairobi Securities Exchange (NSE) has shed Sh174.5 billion in the past nine weeks, amid anti-government protests and ratings downgrade that has seen foreign investors turn net sellers.
Data from the bourse shows the market has shed value for eight straight trading sessions to close Friday at Sh1.628 trillion, compared to the recent peak of Sh1.801 trillion that had been seen on May 22.
