Foreigners move record Sh29bn from the NSE

Investors follow proceedings at a past NSE meeting. PHOTO | SALATON NJAU | NMG

Foreign investors made record net sales of Sh29 billion from the Nairobi Securities Exchange (NSE) last year as the market was caught up in global capital flight back to the US.

Market data compiled by Standard Investment Bank shows that large blue chip counters led in the net outflow column, led by Safaricom at Sh13.7 billion.

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