NAIROBI, May 26 (Xinhua) -- Investors' wealth at the Nairobi Securities Exchange (NSE) declined 1.04 percent this week as prices of stocks, especially those with large capitalization, declined.
Market capitalization, which measures shareholders' wealth, declined by 274 million U.S. dollars to 25.95 billion dollars from 26.22 billion dollars at start of the week pulled down by a bear-run, data from NSE showed Saturday.
The decline of the index was spread across the week with the index forfeiting millions of dollars each day.
The fall in stock prices was recorded across the board but mainly on counters in the banking, energy and petroleum and telecommunications and technology sectors.
Top stocks whose prices fell include Safaricom, Athi River Mining, Kenya Commercial Bank, Equity Bank and Centum Investment.
"The fall in equity prices has resulted in overall reduction in shareholders' wealth as measured by market capitalization," noted the central bank on Saturday.
Market capitalization hit a peak of 29 billion dollars early April but took a downward spiral as foreigners exited some stocks cashing in on rise in prices.
The index declined to 20 billion dollars in mid-2016 as trading at the market hit the lowest level.
