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Virus-hit NSE stocks shed half a trillion

The sell-off had intensified on Friday when the market shed Sh120 billion, prompting the NSE to halt trading midway through the carnage. FILE PHOTO | NMG

By  Victor Juma

Business Editor

Nation Media Group

Stocks listed on the Nairobi Securities Exchange #ticker:NSE (NSE) have lost Sh573 billion of their value over the past two months as the spread of the coronavirus and other economic headwinds spark an exit of foreign investors.

The value of all the stocks on the Nairobi bourse stood at Sh2 trillion on Friday compared to Sh2.6 trillion on January 10 – the peak seen so far this year.

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Note: The results are not exact but very close to the actual.

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