People Daily | by Noel Wandera
Investors in the equity market lost Sh200 billion in net-worth last year as market capitalisation dropped to Sh2.34 trillion from Sh2.54 trillion in 2019, says the Capital Markets Authority (CMA) in it’s fourth quarter report for 2020.
The period which coincided with the second wave of the Covid-19 pandemic saw foreign investors exit the market eyeing greener pastures and less risky opportunities.
CMA says as at December 31, 2020, total foreign outflows totalled Sh28.6 billion, against net inflows of Sh1.38 billion recorded the previous year…
