NSE gains past Sh2trn mark for first time in six months

Guests follow proceedings during the release of Safaricom results last week. PHOTO | SALATON NJAU | NMG

Investor wealth at the Nairobi Securities Exchange (NSE) #ticker:NSE has crossed the Sh2 trillion mark for the first time in six months, driven by gains in large bank stocks and Safaricom #ticker:SCOM in the past week.

The NSE opened the week with a valuation of Sh2 trillion — though it retreated slightly to Sh1.99 trillion yesterday — having gone up by Sh40 billion in a week. This is the highest market cap level since the end of November 2016.

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