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NSE foreign investors’ fortunes in sharp fall
NSE market capitalisation fell by Sh265.4 billion to Sh2.21 trillion in September, a trend that has seen investors lose Sh297.9 billion year-to-date. FILE PHOTO | NMG
NSE #ticker:NSE foreign investors' fortunes swung sharply for the worse in the past one month as dollar-denominated returns turned negative with the fall in share prices and a slight weakening of the shilling, latest market data shows.
An analysis of market performance by African Alliance shows that by the end of September, annualised dollar returns on the FTSE NSE 15 index stood at -13.2 per cent, compared to 7.2 per cent in August.
