Foreign investors withdrew Sh11.2 billion from the Nairobi Securities Exchange #ticker:NSE (NSE) in February and March, leading to a sharp fall in the value of blue chip stocks like Safaricom and Equity Bank Group.
The foreigners, who make up about 70 percent of daily trading at the NSE, turned into net sellers in the two months as part of a global sell-off during investors dumped stocks and sought shelter in fixed income assets, including government bonds.
