Foreign investors pumped in a net of Sh301 million into the Nairobi Securities Exchange (NSE) last week, eyeing stakes in banking stocks ahead of full-year results announcements that are expected to reveal higher profits.
The net inflows helped claw back some of the foreign investor capital that has bled out of the bourse in recent weeks on the continued flight to the US, which has raised interest rates on its bonds to counter high inflation.
