Nairobi, Aug. 31 -- The volume of shares held by foreign investors at the Nairobi Securities Exchange #ticker:NSE (NSE) has dropped in the past one year following sustained selling by the investors in a bear market.
Data from the Capital Markets Authority (CMA) shows that foreign investors held 18 percent of the issued shares at the Nairobi bourse by the end of June, down from 20.9 percent in June 2019.
The stock exchange currently has 98.6 billion issued shares, meaning that the foreign held stock stands at 17.7 billion units, with the remainder (88 percent) in the hands of local and East African investors.
In the first half of the year, foreign investors made net sales worth Sh21.4 billion, part of a global sell-off that saw investors ...