Investors on the Nairobi Securities Exchange (NSE) counted Ksh4.2 billion ($29.78 million) paper losses on their equity investments as a bear run hit the market a day after a countrywide anti-government protests over the high cost of living, reversing the Ksh10 billion ($70.92 million) gain made on the day of the demos.
Analysts described the market rally on the day of the protest as “unsustainable.”
