Foreigners shun NSE, eye higher returns in developed markets

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Nairobi Securities Exchange (NSE) trading floor. FILE PHOTO | NMG

Foreign investors are shying away from buying shares at the Nairobi Securities Exchange in the wake of rising returns from the US, United Kingdom, China, and Japan markets.

The foreigners have been net sellers—sold more shares than they bought—in seven of the nine months to September, reflecting their reduced appetite for the Kenya bourse.

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