NAIROBI (Xinhua) --
A bear-run has hit the Nairobi
Securities Exchange (NSE) pushing all indicators to the lowest
level since the start of the year.
Investors’ wealth at
the bourse, measured by market capitalization, ended the week at
24 billion U.S. dollars, losing 213 million dollars on Friday
alone, NSE data showed Saturday.
The index has lost 1.05 billion dollars since the start of
the month as stock prices fall.
The benchmark NSE 20 Share Index declined by 28.92 points on
Friday to stand at 3,099.84 while the All Share Index ended at
"All indicators are at their lowest level recorded since
January, highlighting a bearish market.
"This can be explained by less favourable financial
performance of some listed companies," the Central Bank of Kenya
said on Saturday.
Manufacturers deplore implementation of 16 per cent Fuel
Latest hefty VAT tax hikes put big squeeze
on Kenyan Farmers
Depositors face low yields after Kenya MPs vote to
Cash-strapped Kenya treasury exceed domestic borrowing
Investors cut uptake Kenya government Securities as
transport brace for tougher times as fuel tax to take effect
Erratic weather shaping 2018 as one of Worst years for
Kenya banks aim to further intensify
inter-borrowing to pay taxes
Mobile money charges rise in Kenya after new
tax from Sunday
Kenyan trade deficits slightly widens to
U.S. $2.76 billion dollars