Profit-taking by investors at the Nairobi Securities Exchange (NSE) in the past two weeks has cut investor wealth at the bourse by Sh127.4 billion over the period, led by bank stocks whose prices have fallen despite the shares qualifying for final dividends.
Investor wealth at the NSE had rallied to a one-year high of Sh1.84 trillion by March 27, fuelled by sharp gains on bank stocks as the lenders concluded their reporting period for the full year ended December 2023.
