Kenya: NSE investors lose Sh164bn in State-run firms
Investors have recorded a wealth erosion of Sh164.1 billion over the past five years from seven companies where the government has a controlling stake or major influence.
1M | 3M | YTD | 1Y | 2Y |
+21.42% | +23.35% | +22.78% | +1.37% | -28.87% |
Value Traded (Mln KES) 554.16 |
Volume 50,998,267 |
Transactions - |
Market Cap. (Bln KES) 1,674.94 |
Investors have recorded a wealth erosion of Sh164.1 billion over the past five years from seven companies where the government has a controlling stake or major influence.
Pension savers are staring at an erosion of their funds after returns from investments plunged below the rate of inflation last year due to underperforming equities and offshore assets.
A month after indicating it was on its way to re-join The East African Capital Markets Infrastructure Project, Kenya has tabled new conditions for that to happen. It is demanding fresh procurement of a software that would link regional stock markets, besides asking for clarity from the East African Community Secretariat on the modalities of financing maintenance of the system.
The weakening of the shilling and falling blue chip stock prices have left the Nairobi Securities Exchange (NSE) at a disadvantage against African peers in the race for limited foreign investor dollars, dampening hopes of a recovery this year for the depressed market.