The NSE just recorded its 7th-largest single-day market loss since 2008.
On 23rd March 2026, about KSh 96.02 Billion in market value was wiped out.
And here is what makes it even more striking:
Safaricom alone lost roughly KSh 54 Billion — more than half of the entire market decline.
What Drove the Market Drop
This was not an isolated drop.
The sell-off was broad-based.
Banks and other large-cap counters also came under heavy pressure, pulling all the major indices lower.
What This Means for Investors
This is a powerful reminder that the stock market can move sharply, and that volatility is part of the investing journey.
