Foreign investors trading at NSE halves in one week
Nairobi, Dec. 6 -- Foreign investor trading activity at the Nairobi Securities Exchange (NSE) fell by half last week as concerns over the effect of tighter Covid-19 restrictions in China hit global markets and pushed capital into safe havens.
The investors accounted for 28.9 per cent of the NSE's weekly traded turnover of Sh1.28 billion, down from 58.9 per cent of the previous week's turnover of Sh1.44 billion.
Last week, the protests across China over the country's strict zero-Covid policies rattled global markets as concerns grew over the effect of possible unrest on the world's second-largest economy and the leading manufacturing hub.
Such jitters filter through to smaller markets such as Kenya's in the form of capital flight to the...
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