Business Daily | by Patrick Alushula
Foreign investors on the Nairobi Securities Exchange (NSE) turned net sellers in October, withdrawing Sh1.13 billion on increased risk aversion due to a surge in Covid-19 infections and deaths, halting two months of net buying.
AIB-AXYS Africa data shows that sales by foreign investors surpassed purchases for most days of October, with banking stocks and Safaricom being the most affected.
The net selling by foreign investors in October was a contrast from August and September where net buying of…
