NSE stocks hit 7-month low on new Covid strain

Nairobi Securities Exchange (NSE) CEO Geoffrey Odundo. PHOTO | DIANA NGILA | NMG

The value of stocks on the Nairobi Securities Exchange (NSE) #ticker:NSE dropped to a seven-month low on foreign investors’ sell-off of blue-chip firms amid rising concerns over new coronavirus variant.

Market data shows investors’ paper wealth declined Sh89.06 billion in a week through Monday, pushing the market value to levels last seen in mid-April.

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