Foreign investors’ withdrawal from the Nairobi Securities Exchange decreased by Sh320 million in the three months to September 2023.
However, it still impacted the market, lowering its value for the third consecutive quarter.
Foreign investors withdrew Sh1.18 trillion between July and September 2023, a decrease from the Sh1.5 billion reported in the second quarter of the year. Only two positive inflows have been observed in the past six months.
The Capital Markets Authority, however, insists that this points to a promising trend in which international investors are progressively restoring faith in the market.
Source: Business Insider
