NSE stocks gain Sh121bn on easing of tariff wars

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Nairobi Securities Exchange (NSE) on the trading floor of the Exchange building. 

Photo credit: File | Nation Media Group

The Nairobi bourse added Sh121.2 billion in investor wealth in the past one week to hit Sh2.115 trillion, as it joined a global equities rally that has followed a truce between the US and China in their tariff war, which had raised fears of recession.

The gains were backed by improved demand for blue chip shares, favoured by foreign investors, who recorded net purchases worth Sh246.2 million last week, breaking a run of weekly net selling that stretched back to the beginning of April.

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