Foreign investors turned to profit-taking on key counters at the Nairobi Securities Exchange (NSE) last week, pushing the market to reverse the gains made in the previous week.
Market data shows the non-locals made net sales of Sh1.3 billion last week, compared to net buys of Sh501 million the previous week, largely due to those cashing in on the Safaricom #ticker:SCOM stock, which had risen above Sh30 two weeks ago before dropping back to Sh28.50 last Friday.
