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NSE sheds Sh95bn after dividend season
Cytonn said foreign investors were net sellers for the month, as they sought to realise capital gains on various counters, in addition to receiving dividend income. FILE PHOTO | NMG
Investor wealth at the NSE #ticker:NSE fell Sh95 billion in May as key stocks came under pressure from heavy foreign investor selloffs at the end of the dividends season.
The fall in market capitalisation came even as traded turnover rose to Sh18.4 billion from Sh15.1 billion in April, and analysts at Cytonn Investments said the movement was also indicative of investors looking to cash in on capital gains realised in the first quarter of the year.
