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Covid-19, political noise dampen NSE recovery
Tuesday January 26 2021
Investors in Kenya s stockmarket counted paper losses largely as a result of weak corporate governance and the Covid-19 pandemic. PHOTO | FILE | NMG
Summary
Low participation by foreign investors, saw average foreign investor participation to total equity turnover decline from 68.6 percent in December 2019 to 60.6 percent by the end of July 2020.
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Investors in Kenya’s stockmarket counted paper losses after Ksh203 billion ($1.86 billion) of their wealth was wiped out on the Nairobi Securities Exchange (NSE) last year largely as a result of weak corporate governance and the Covid-19 pandemic that hurt corporate earnings and dimmed dividend prospects and foreign investments.
were therefore the house caucus. no democrats attended. as far as we know, the presiden did not invite any democrats to attend at lunch. of course, the markets are closed today, they had a bad da yesterday, we all saw that tell us about what you re hearing about the fed chair job. is that safe? take the president said via his treasury secretary that he has not discussed firing jerome powell, there was an article in bloomberg news on friday citing for people familiar with the matter reporting that discussed firing federal reserve chairman as it intensified following thi weeks interest rate hike. and months of stock market losses. later treasury secretary tweete he had spoken with the presiden as the president told him i totally disagree with that policy. i think the increase of interes rates the shrinking of the fed portfolio is a terrible thing t do at this time.
it is what they want, they are part of the trump base. for some, it means that they may not get paid, federal employees don t want a government shutdown. and then internationally, how does this make the united states look. so different ways to look at this. absolutely. that is one issue on the president s plate. here is another. and that is the stock market. and president trump is reportedly so angry with his own appointee at the u.s. february that he federal reserve that he discussed firing him. mr. trump got trufrustrated wit jerome powell after the recent stock market losses and this week s interest hike. but some think the president is partly responsible for that hike. in all respect, he can say whatever he wants to say because the federal reserve, it was very clear, it was very independent from him. powell came out to say that they are making this decision separate and i think truthfully