NSE wealth concentration now falls to 66pc

Nairobi Securities Exchange.  

Photo credit: File | Nation Media Group

The share of investor wealth concentrated on the five largest companies at the Nairobi Securities Exchange (NSE) has fallen to 66 per cent from highs of 81 percent three years ago, reflecting the fall in share prices of the markets' blue-chip stocks in the period.

As per Wednesday’s closing share prices, the combined market valuation of Safaricom, Equity Group, EABL, KCB Group and Absa Bank Kenya stood at Sh1.09 trillion, against the NSE’s total market capitalisation of Sh1.67 trillion.

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