Home Business NSE sheds Sh92bn in a day as Russia invades Ukraine

NSE sheds Sh92bn in a day as Russia invades Ukraine

nairobi securities exchange bourse
[Image source: Riccardo Gangale | Bloomberg]
Share


Business Daily | by Charles Mwaniki


Investors at the Nairobi Securities Exchange (NSE) on Thursday lost Sh92 billion as global stocks plunged after President Vladimir Putin launched an invasion of Ukraine, making it the biggest single-day loss in over two years.

The market capitalisation closed at Sh2.453 trillion compared to Sh2.546 trillion on Wednesday, with Safaricom, East Africa Breweries Limited (EABL) and the big banks leading in shedding value in the wake of the sell-off…

Read more…


Share

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version