Investors at the Nairobi Securities Exchange (NSE) have gained Sh264.5 billion over the past month, cutting the coronavirus-driven losses amid an economic shock that towers over the financial crisis a decade ago.
The Nairobi bourse notched up healthy gains in recent days as investors sought to buy stocks at a bargain, hoping for outsized capital gains when the stock market recovers.
Investors at the Nairobi Securities Exchange (NSE) have gained Sh264.5 billion over the past month, cutting the coronavirus-driven losses amid an economic shock that towers over the financial crisis a decade ago.
The Nairobi bourse notched up healthy gains in recent days as investors sought to buy stocks at a bargain, hoping for outsized capital gains when the stock market recovers.
The value of all the stocks on the Nairobi bourse stood at Sh2.265 trillion Wednesday compared to Sh2 trillion in April, but remains below the Sh2.6 trillion peak of January 10.
Safaricom , KCB Group , Equity Group and East African Breweries Limited (EABL) accounted for about 82.4 percent of the paper wealth gain over the period, underlining the impact of the four counters in shaping the performance of the NSE.
