On the Nairobi Securities Exchange, share prices of a number of firms have fallen mainly due to a mix of corporate governance weaknesses, a tough economy and over-indebtedness. Five of the stocks are trading below one shilling and 17 listed firms have fallen below Ksh5 per unit in a stock market bear run. Caleb Mugendi, Assistant Manager at Public Markets Cytonn Investments joins CNBC Africa for more.
Investor losses as 17 firms fall below Sh5 per share in NSE bear run
PUBLISHED: Fri, 23 Aug 2019 16:24:23 GMT