Why the stock market hype has fizzled out

Stock markets executives from the Nairobi and Rwanda securities exchanges observe stock dealers work during the cross-listing of Bank of Kigali shares on the Nairobi Securities Exchange in November 2018. Participation of local investors at the NSE has fallen in the last three years according to a CBK survey. [File, Standard]

There was a time, not long ago, when investing in the stock market was the in-thing. With stocks absorbing billions of shillings from local and foreign investors, share prices went through the roof.