Stocks of Nairobi Securities Exchange (NSE) firms valued below Sh4 billion dominate the list of counters that have created paper money for investors this year, defying the prevailing plunge in the equities.

The Nairobi Securities Exchange (NSE) has been ranked the worst-performing African bourse in the first nine months of the year in dollar returns, highlighting the impact of foreign exits and global shocks on East Africa’s biggest stock market.

NCBA Group plans to buy an additional 66.67 percent stake in AIG Kenya Insurance Company Limited from an American multinational in a deal that will see it take full ownership of the insurer.

The banking and agriculture segments have the best profitability record at the Nairobi Securities Exchange (NSE), making them the most attractive for investors chasing dividends in a period of limited capital gains on stocks.