NSE drops below Sh4trn as sell-off deepens
Nairobi, Sept. 17 -- Investor wealth at the Nairobi Securities Exchange (NSE) had dipped below the Sh4 trillion mark for the first time since crossing this milestone a month ago, weighed down by retreating blue-chip stocks driven by heightened selling by foreign and local investors.
The bourse closed Thursday with a valuation of Sh3.948 trillion, having shed Sh178.7 billion in two days to wipe out nearly a fifth of its gains in the year-to-date.
Published by HT Digital Content Services with permission from Business Daily....
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