Browsing: Morgan Stanley Capital International’s (MSCI)

Nairobi Securities Exchange
  • Investors at the Nairobi Securities Exchange (NSE) lost $263.5 million (Sh34 billion) in paper wealth in the three months to September 2024.
  • The volume of shares traded decreased slightly by 0.65% to 1.092 billion compared to 1.097 billion in Q2 2024.
  • In the bond market, the turnover decreased by 29.37%, with Sh323.61Bn traded in Q3 compared to Sh458.2Bn in prior quarter.

Investors at the Nairobi Securities Exchange (NSE) lost $263.5 million or Sh34 billion in paper wealth in three months to September as the country recovered from shocks of the bloody Gen Z protests in June. The third quarter Statistics released by the Capital Markets Authority shows the market capitalisation at the Nairobi bourse dropped by 2.01 per cent during the period to Sh1.67 trillion from Sh1.71 trillion.

The $263.5 million drop in paper wealth is, however, lower than the $410.7 million (Sh53 billion) hit suffered in the three months …