Top NSE investors suffer Sh27bn paper losses in bear market run

Kenyan billionaire investors with a huge exposure at the Nairobi Securities Exchange (NSE) have chalked up paper losses of Sh27.3 billion this year, making them among the hardest hit in the stock market bear run that started in March.

The market slump has substantially eroded gains made by the wealthy investors — including Peter Munga and Pradeep Paunrana — in the three-year bull market run that started in 2012.