NAIROBI, Sept. 8 (Xinhua) — A bear-run has hit the Nairobi Securities Exchange (NSE) pushing all indicators to the lowest level since the start of the year.
Investors’ wealth at the bourse, measured by market capitalization, ended the week at 24 billion U.S. dollars, losing 213 million dollars on Friday alone, NSE data showed Saturday. The index has lost 1.05 billion dollars since the start of the month as stock prices fall.
The benchmark NSE 20 Share Index declined by 28.92 points on Friday to stand at 3,099.84 while the All Share Index ended at 163.71.
"All indicators are at their lowest level recorded since January, highlighting a bearish market. This can be explained by less favourable financial performance of some listed companies," the Central Bank of Kenya said on Saturday.