Offshore investors turn net buyers at NSE for first time in two months

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Nairobi Securities Exchange (NSE) on the trading floor of the Exchange building. 

Photo credit: File | Nation Media Group

Foreign investors made weekly net purchases at the Nairobi Securities Exchange (NSE) for the first time in two months, on increased demand for the Safaricom share, helping the market add Sh60 billion in valuation.

The external investors made net buys worth Sh225.7 million last week, ending a run of exits that dated back to the first week of October. In the period, they had made net sales of Sh2.4 billion, largely on large blue chip firms.

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