NSE sheds Sh210bn in two weeks of bank stock selloff

Stockbrokers at the Nairobi Securities Exchange. FILE PHOTO | NMG 

Stock market investors have lost Sh210 billion paper wealth in the past two weeks as the falling share prices of telecommunications company Safaricom #ticker:SCOM and most bank counters pulled the NSE 20-Share Index to a 10-year low.

The Nairobi Securities Exchange (NSE) 20-Share Index, which captures movement of select blue chip stocks, has fallen to 2,682 points, a level last seen in March 2009.

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