Foreign investors cut NSE wealth by KES100bn
24 June 2013, 11:51
Nairobi - Investors at the Nairobi Securities Exchange (NSE) have lost KES 100 billion in the past three weeks as the market reacted to a combination of bad news at home and abroad.
Business Daily reports that investor wealth dipped to KES 1.63 trillion at the close of business on Friday from a high of KES 1.71 trillion at the beginning of the month and analysts said the decline was partly the result of news that the US Federal Reserve is cutting down its stimulus programme.
The programme has been the key supplier of global liquidity that has helped drive markets across the world.
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