Kenya’s stock market investors have defied the pre-election gloom to increase their trading in shares at the Nairobi bourse, placing the market in a rare position of strength ahead of the Tuesday polls.
Market data shows that the value of shares traded daily in the month of July averaged Sh1.01 billion or rose to a two-year high, up from the Sh745 million average in the three months to June, signalling a sizeable number of investors are positioning themselves for expected capital gains after the August 8 elections.
