kilam
JF-Expert Member
- Aug 5, 2011
- 2,092
- 2,126
By Patrick Alushula | Updated Thu, January 26th 2017 at 00:00 GMT +3
Investors at the Nairobi Securities Exchange (NSE) may be in for another disappointing year as the bourse continues to drift into dismal records.
In just 17 days of trading in 2017, the bourse has wiped out investors’ paper wealth amounting to a staggering Sh153.5 billion.
Yesterday, the NSE 20 index, which keeps tabs on the performance of top 20 stocks, sank to another low of 2,855.81 points making 15 out of 17 trading sessions that the index has lost points.
At this level, the index is almost half the all-time high of 5,499.64 points recorded in March 2015. Last week, tracking by international media outlet Bloomberg, said the valuations of all the 64 stocks were at their weakest level ever in eight years.
Since the NSE20 index opened the year with a gain of 20.03 points to 3,206.24 points, it has not afforded even a fifth of that climb again. In just 17 trading sessions, investors’ return has sunk into negative.
Bleak future as Kenyan investors lose Sh153 billion at bourse in just 17 days
Investors at the Nairobi Securities Exchange (NSE) may be in for another disappointing year as the bourse continues to drift into dismal records.
In just 17 days of trading in 2017, the bourse has wiped out investors’ paper wealth amounting to a staggering Sh153.5 billion.
Yesterday, the NSE 20 index, which keeps tabs on the performance of top 20 stocks, sank to another low of 2,855.81 points making 15 out of 17 trading sessions that the index has lost points.
At this level, the index is almost half the all-time high of 5,499.64 points recorded in March 2015. Last week, tracking by international media outlet Bloomberg, said the valuations of all the 64 stocks were at their weakest level ever in eight years.
Since the NSE20 index opened the year with a gain of 20.03 points to 3,206.24 points, it has not afforded even a fifth of that climb again. In just 17 trading sessions, investors’ return has sunk into negative.
Bleak future as Kenyan investors lose Sh153 billion at bourse in just 17 days
