Local investors can make the NSE stable

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Nairobi Securities Exchange (NSE) on the trading floor of the Exchange building. The Nairobi Securities Exchange (NSE) incubator programme, Ibuka has struggled to revive listings on the bourse more than five years since launching in December 2018. FILE PHOTO | NMG

Foreign investors pulled out a total of Sh23.9 billion from the Nairobi Securities Exchange (NSE) in 2022, marking the highest outflows in the past three years, as they exited from the market triggered by the global economic crisis.

The annualised portfolio outflow from domestic equities was the highest since 2020 when foreign investors withdrew Sh28.6 billion from local stocks on Covid-19 shocks.

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Note: The results are not exact but very close to the actual.