Troubled NSE firms hit by a massive share price erosion

Nairobi Securities Exchange (NSE) investors have severely punished loss-making and highly indebted companies as well as those with corporate governance issues, causing their stocks to shed at least 40 per cent of market value in the past 12 months. 

Athi River Mining tops the list of big companies whose shares have tanked, shedding 63 per cent in one year, followed by troubled lender National Bank of Kenya, which has lost 60 per cent of its value, and retail chain Uchumi (53 per cent).