Foreigners turn into net buyers of NSE shares in June

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Nairobi Securities Exchange on the trading floor of the Exchange building in Nairobi. FILE PHOTO | NMG

Foreign investors at the Nairobi Securities Exchange (NSE) turned into net buyers in June as they accumulated Safaricom and EABL shares as part of a mid-year frontier market portfolio realignment.

NSE data shows that the foreign investors bought a net of Sh242.2 million worth of shares last month, halting the run of 15 months of making net sales at the bourse.

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