NAIROBI, KENYA; The Nairobi Securities Exchange (NSE) shed Sh52 billion of investors wealth in the week closing last Friday as foreign investors turned net sellers for top movers. Safaricom alone, whose share fell by 3.92 per cent during the week, saw foreign investors sell shares worth Sh1.33 billion. On that day, foreign investors sold shares worth Sh824.2 million. Other top movers during the week who experienced huge net sales from foreigner investors include EABL (Sh17.1 million) and KenGen which had net foreign sales worth Sh21.5 million. Foreign investors have been registering mixed signals at the bourse since the Supreme Court annulled the August 8 presidential elections - plunging the country into unchartered waters.

Source: Standard Digital November 14, 2017 04:41 UTC