Published 8 months ago

Kenya’s stock market has suffered steepest losses in the world: an expert view on why and how to reverse it

Summary by Ground News

Kenya's stock market recently suffered steep losses, making it the worst performing globally. The Nairobi Securities Exchange 20-share index stood at about 1420 on 10 November 2023, a drop of 6% over the six-week period. Up to 70% of the retirement savings of Kenyans may be invested in the stock market.

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Kenya’s stock market has suffered steepest losses in the world: an expert view on why and how to reverse it

Kenya’s stock market recently suffered steep losses, making it the worst performing globally. The weak performance has persisted: the Nairobi Securities Exchange 20-share index stood at about 1420 on 10 November 2023, having fallen from 1509 on 29 September 2023, a drop of 6% over the six-week period. In better days, the index has risen above the psychological 5000 mark: for example, it was 5491 on 23 February 2015. The stock market matters for…

8 months ago

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