The storm in the stock market the world over has calmed, with investors snapping up blue-chip stocks at a bargain. This even as the stock market, which suffered one of the longest listing droughts, is buffeted by yet another challenge of de-listing. But even as the stock market has taken the recovery path, the general economy is yet to shrug off the negative effects of Covid-19. “First, the stock market is heavily skewed towards telecommunications and banking sectors, which account for 80 per cent of the market capitalisation,” said Mr Ogutu. Market capitalisation is the total wealth of the stock market.

Source: Standard Digital July 20, 2020 21:00 UTC