Profit-taking by investors at the Nairobi Securities Exchange (NSE) in the past two weeks has cut investor wealth at the bourse by Ksh127.4 billion ($968.8 million) over the period, led by bank stocks whose prices have fallen despite the shares qualifying for final dividends.
Investor wealth at the NSE had rallied to a one-year high of Ksh1.84 trillion ($14 million) by March 27, fuelled by sharp gains on bank stocks as the lenders concluded their reporting period for the full year ended December 2023.
