The Nairobi Securities Exchange (NSE) shed Sh33 billion in investor wealth on Monday as foreign investors dumped equities for safe-haven assets for fear of a backlash of potential recession in the US economy.
Kenyan stocks -- that have significant exposure to foreign investors -- were among the leading laggards at the bourse on Monday, including BAT Kenya and Safaricom whose share prices fell by 4.9 percent and 4.3 percent, respectively, to close at Sh331.75 and Sh14.40.
