Kenya’s stock market turnover falls 6% in 2020
![](/images/markets/nse/NSE5.jpg)
Equity turnover at the Kenyan bourse fell 6.6 percent in 2020 hurt by effects of the COVID-19 pandemic, which saw foreign investors who account for the biggest percentage of trading, exit the market.
1M | 3M | YTD | 1Y | 2Y |
-4.30% | +1.89% | +17.91% | -2.71% | -19.77% |
Value Traded (Mln KES) 208.05 |
Volume 7,909,200 |
Transactions - |
Market Cap. (Bln KES) 1,610.62 |
Equity turnover at the Kenyan bourse fell 6.6 percent in 2020 hurt by effects of the COVID-19 pandemic, which saw foreign investors who account for the biggest percentage of trading, exit the market.
Investor wealth at the Nairobi Securities Exchange (NSE) dipped by Sh1 billion during the first trading day of the New Year Monday, data showed, halting two weeks of gains.
At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings.
Safaricom and its partners have signed an agreement to borrow up to $500 million (Sh55.7 billion) from America’s sovereign wealth fund US International Development Finance Corporation to fund expansion into Ethiopia’s telecommunications market.