Investor wealth at the NSE fell below Ksh4 trillion, closing at Ksh3.95 trillion after losing Ksh178.7 billion in two trading sessions.
The decline was driven by heavy selling of blue-chip stocks by local and foreign investors, who have sold a net Ksh2 billion worth of shares over the past three days.
Safaricom recorded the largest loss in market value, followed by Co-operative Bank, Equity Group, KCB Group and Absa Bank Kenya. Analysts attributed the decline to profit-taking after a strong market rally. Rising global uncertainty, higher US interest rates and Middle East tensions have also weighed on investor sentiment.
