NAIROBI, Jan 1 (Xinhua) — The Nairobi Securities Exchange (NSE) concluded 2024 on a strong note on Tuesday, with all key indices on an upward trajectory into 2025.
Market data from the NSE revealed that the benchmark NSE 20 Share Index ended at 2,010.65, gaining 16.91 points and surpassing the 2,000 mark for the first time in several years.
Meanwhile, market capitalization — an indicator of investors’ wealth — closed the year up by 35 percent, reaching 1.939 trillion shillings (14.98 billion U.S. dollars). This surge reflects a growth of 3.83 billion dollars in investors’ wealth for 2024, according to analysis by the exchange.
The recovery was largely driven by gains in the stock prices of blue-chip companies, including major banks and telecommunications firms.
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