The prices of blue chip companies that make up the Nairobi Securities Exchange (NSE) 20-Share Index have dropped to a 10-year low, reflecting investors’ expectations of depressed earnings for the listed firms.
Insurance, commercial and banking sector stocks are the worst hit, pulling down the NSE 20-Share Index, which captures movement of select blue chip stocks, to 2,552.19 points-- a level last seen in March 2009.
