Foreign investment at NSE slumps to 8-year low

Foreign investment at the Nairobi Securities Exchange slumped to its 8-year low of 35.9 percent in September.

Data from the Capital Markets Authority (CMA) indicates that net portfolio outflows by foreign investors in nine months to the end of September stood at Ksh.19.5 billion.

This is in line with heavy portfolio flows by foreign investors who are channeling their investments away the emerging markets.

It comes against the backdrop of weakened shilling which has been on a roller-coaster since the advent of coronavirus pandemic.

Foreign investors shed an additional Ksh.2.3 billion worth of stocks in October to send year-to-date portfolio outflows to Ksh.21.8 billion.

Narrowed investment at NSE is mirrored by global economic uncertainty occasioned by ongoing war between Russia and Ukraine which is now entering what could become a protracted period of feeble growth and elevated inflation.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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