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[2008-09-22] KenGen Dropping Share Value
At the Nairobi Stock Exchange (NSE) KenGen share value has been dropping dangerously towards the IPO price level hitting a low of Ksh.18 before the tribunal ruling on the power tariff charges. Despite the total market capitalization going down by only 10% and the NSE 20 share index falling by 27% for the year to date, KenGen’s drop in price is at a whooping 46%.the main reason for this fall being the tariff dispute with KPLC.