Some 20 foreign institutional investors exited the Nairobi Securities Exchange (NSE) in the first three months of 2024, new data shows, mirroring continued bearish sentiment by foreigners on local stocks.
According to fresh data from the Capital Markets Authority (CMA), the number of foreign corporate investors at the NSE fell to 412 in the first quarter of the year, from 432 at the end of December 2023. Institutional investors are large entities such as pension funds, hedge funds, and insurance companies that hire finance and investment professionals to manage large sums of money on behalf of their clients or members.
