Home Business NSE stocks hit 7-month low on new Covid strain

NSE stocks hit 7-month low on new Covid strain

nairobi securities exchange bourse
[Image source: Riccardo Gangale | Bloomberg]
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Business Daily | by Constant Munda


The value of stocks on the Nairobi Securities Exchange (NSE) dropped to a seven-month low on foreign investors’ sell-off of blue-chip firms amid rising concerns over new coronavirus variant.

Market data shows investors’ paper wealth declined Sh89.06 billion in a week through Monday, pushing the market value to levels last seen in mid-April…

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