NSE sheds Sh92bn in a day as Russia invades Ukraine

Nairobi Securities Exchange (NSE) on the trading floor. FILE PHOTO | NMG

Investors at the Nairobi Securities Exchange (NSE) #ticker:NSE on Thursday lost Sh92 billion as global stocks plunged after President Vladimir Putin launched an invasion of Ukraine, making it the biggest single-day loss in over two years.

The market capitalisation closed at Sh2.453 trillion compared to Sh2.546 trillion on Wednesday, with Safaricom #ticker:SCOM , East Africa Breweries Limited (EABL) #ticker:EABL and the big banks leading in shedding value in the wake of the sell-off.

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