Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Foreign investors put more funds in NSE as confidence grows
Net foreign inflows into the NSE stood at $16 million (Sh1.4 billion) last month compared to net outflows of $35 million (Sh3 billion) in the first three months of the year. Photo/FILE
Foreign investors in April, for the first time this year, put more funds in the Nairobi Securities Exchange (NSE) than they sold underlining the growing confidence in the country’s economic outlook and signalling support for the Kenyan shilling.
Data from Standard Investment Bank shows the net foreign inflows into the stock market stood at $16 million (Sh1.4 billion) last month compared to net outflows of $35 million (Sh3 billion) in the first three months of the year.
