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NAIROBI: Depressed earnings among listed firms at the Nairobi Securities Exchange (NSE) are projected erode investor confidence in the bourse and sustain its months-long bear run.
Already battered by a weakening shilling and the impact of new taxation on capital gains that came into effect at the start of the year, investors have dumped stocks for alternative assets. This has driven the NSE All Share Index to its lowest levels since August 2014.
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