JUST IN: Gen Z Protests Led to Significant Wealth Loss at Nairobi Securities Exchange
Investors at the Nairobi Securities Exchange (NSE) lost Kes.34 billion in paper wealth over the three months leading to September, as the country rebounded from the economic impact of the June Gen Z protests. According to third-quarter statistics from the Capital Markets Authority, market capitalization at the NSE declined by 2.01 percent, dropping to Kes.1.67 trillion from Kes.1.71 trillion. Share trading volumes also dipped slightly by 0.65 percent, reaching 1.092 billion shares, down from 1.097 billion in the second quarter of 2024. The NSE All Share Index, which covers all securities on the exchange, also declined, falling 2.20 percent to
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