On five straight weeks of continued foreign investor selling, KCB closed the week at a 52 week low of Sh34.50. “Co-operative Bank and East African Breweries accounted for 31.2 per cent and 26.1 per cent of net foreign outflows,” noted SIB analysts. Apart from National Bank, up 5.5 per cent week on week on local investor trading, all the lenders were in red,” said Ms Waitherero. The NSE 20 Index that tracks the performance of top 20 counters slid past Friday’s four-year low to close yesterday’s trading at 3662.15 points. Investors on the NSE lost Sh54 billion in the past two trading sessions as performance slid to four-year low.

Source: Standard Digital June 27, 2016 21:00 UTC