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NSE sheds Sh294 billion in a month as foreigners flee
Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG
Investors at the Nairobi Securities Exchange (NSE) lost Sh294 billion in a month following a sell-off by foreigners that has pulled down the value of the bourse to a 20-month-low amid a profit and dividend boom.
The market capitalisation dropped to Sh2.176 trillion on Friday after a steady fall that started on April 13 when the bourse’s value stood at 2.471 trillion.
