The Nairobi Securities Exchange (NSE) has shed Sh182.45 billion in investor wealth since the Supreme Court ruling on September 5, reflecting the impact of outflows to the US where higher interest rates are drawing capital into the world’s largest economy.
The NSE was expected to gain from the peaceful conclusion of Kenya’s elections, which promises a period of stability for the economy, but the headwinds from foreign investor outflows and profit taking from locals have eaten into the valuation of the bourse.
