Foreign investors drive NSE trading as locals break for festivities

NSE staff monitors stock trade on the electronic board. FILE PHOTO | NMG

Foreign investors have accounted for a larger share of trading turnover at the Nairobi Securities Exchange (NSE) in the past three weeks as local funds take a back seat during the festive season.

Market data compiled by Standard Investment Bank (SIB) shows that foreign participation in equity turnover has averaged 75 per cent in the period, up from an average of 56 per cent in the preceding one month.

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