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Foreigners turn to selling NSE stocks in profit taking trades
NSE data shows that the foreign investors recorded net exits worth Sh342.4 million last week, the first since the week ending June 6 when they had sold a net of Sh68.2 million worth of shares.
Foreign investors last week turned net sellers at the Nairobi Securities Exchange (NSE) for the first time in six weeks, signalling increased profit taking amid a sharp rally in share prices over the period.
NSE data shows that the foreign investors recorded net exits worth Sh342.4 million last week, the first since the week ending June 6 when they had sold a net of Sh68.2 million worth of shares.
