Foreign investors executed their largest exodus of the year from the Nairobi Securities Exchange (NSE) in the third week of September, causing the steepest market declines since the April Trump tariff shock.

• Foreign investors sold KSh 3.65 billion worth of equities, resulting in a net outflow of KSh 2.96 billion for the week of September 15–19.
• The NSE recorded a single-day withdrawal of KSh 2.8 billion on Wednesday, September 17, marking the largest daily outflow of the year.
• All four NSE indices declined, with the NASI shedding 2.9% and market capitalization falling by KSh 81.7 billion to KSh 2.73 trillion.
• Despite the sell-off, the broader market remains near record highs, with the NASI up 40.5% year-to-date.