Five top companies at the Nairobi Securities Exchange (NSE) increased market dominance to a year high of 75.4 percent, further worsening exposure risk for the Nairobi bourse. The market dominance has been rising steadily up from 65 per cent five years ago as investors’ confidence in below the chart counters dwindle. Speaking while unveiling the Q2 2020 report, CMA Wyckliffe Shamiah the market concentration is a worry for the regulator, saying several initiatives are in place to correct the situation. ''We have employed various mechanisms to bring more firms to list at NSE as one of the ways to iron out market dominance. The volatility in the market remained relatively high in comparison to pre-Covid era prompting foreign investor flight, though much lower compared to Q1.

Source: The Star August 13, 2020 00:56 UTC