Foreign Investors Move KSh 1.18Bn from NSE, Reversing August Trend

NSE foreign investors posted KSh 1.18B outflows in week 1 of September, reversing August’s record inflows, as Safaricom and banks led heavy selling...
✨ Key Highlights
Foreign investors reversed August's positive trend, withdrawing KSh 1.18 billion from the Nairobi Securities Exchange (NSE) in the first week of September. This net outflow highlights the continued volatility of cross-border capital despite the market experiencing its best year on record.
- Net outflow: KSh 1.18 billion between September 1–5.
- Key organization: Nairobi Securities Exchange (NSE).
- Most traded equity: Safaricom, dominating both buys (exceeding KSh 1.5 billion) and sales (exceeding KSh 2.4 billion).
- Historical context: September has historically been an uneven month for foreign investors, with multi-billion outflows from 2017–2023.
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Read the complete article from The Kenyan Wall Street