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NSE sheds Sh568bn investor wealth in 5 months
Analysts said the decline is mainly being driven by poor corporate performance that has produced losses or steep decline in profits as well as foreign investor exits. FILE PHOTO | NMG
Nairobi Securities Exchange #ticker:NSE (NSE) investors have lost a whopping Sh568 billion in paper wealth since April, making the past five months the toughest for East Africa’s largest bourse.
As of Monday, the market capitalisation stood at Sh2.328 trillion down from early April 5’s peak of Sh2.896 trillion – translating to a 19.6 per cent value erosion or loss of nearly a fifth of the market value in just five months.
