Foreigners sell Sh1.5bn stocks in first quarter on geopolitical jitters

Nairobi Securities Exchange (NSE). PHOTO | NMG

Foreign investor outflows at the Nairobi Securities Exchange (NSE) #ticker:NSE have surged 60.7 percent in the three months to March, reflecting the impact of ongoing geopolitical tensions.

Data show the bourse has registered Sh1.55 billion net foreign outflows in the three months period ending March 31, compared to Sh967 million in the same period last year.

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Note: The results are not exact but very close to the actual.