Nairobi, April 17 -- Profit-taking by investors at the Nairobi Securities Exchange (NSE) in the past two weeks has cut investor wealth at the bourse by Sh127.4 billion over the period, led by bank stocks whose prices have fallen despite the shares qualifying for final dividends.

Investor wealth at the NSE had rallied to a one-year high of Sh1.84 trillion by March 27, fuelled by sharp gains on bank stocks as the lenders concluded their reporting period for the full year ended December 2023.

The market capitalisation-the measure of investor wealth- has now dropped to Sh1.712 trillion, attributed by analysts to profit-taking that has skewed the market by raising the supply of shares beyond the available demand. This has had the effect of l...