Nairobi exchange drops marginally on bank stocks profit-taking

A Nairobi Securities Exchange (NSE) staff monitors electronic trade. FILE PHOTO | NMG

The stock market Wednesday dipped marginally after rallying to a 23-month high largely due to profit-taking on the banking counters.

The indicative NSE-20 Share Index shed 44.67 points, or 1.09 per cent, to close at 4,069.34, mirroring a similar drop in capital gains for investors on the Nairobi Securities Exchange (NSE) on average.

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