Foreigners trickle back to the Nairobi bourse

Foreign investors at the Nairobi Securities Exchange (NSE) #ticker:NSE have in the past week turned net buyers, bucking the recent trend of selloffs that has contributed to the current low valuations at the bourse.

Market reports compiled by Standard Investment Bank show that foreign investors have been net buyers in five of the last six trading sessions, with their demand mainly on the Diageo majority-owned EABL #ticker:EABL stock, which is trading at a seven-year low.