Nairobi, Sept. 18 -- The value of shares traded on the Nairobi bourse yesterday touched a daily high this year, buoyed by foreign investors who are trooping back on the market after a sell-off for the better part of this year.
Nairobi Securities Exchange (NSE) data showed turnover jumped nearly six-fold yesterday to Sh3.76 billion, driven by rising investor appetite for blue-chip firms.
Foreign investors, who have been net sellers for the better part of the year, accounted for Sh3.4 billion, or 90.4 percent, of the total shares purchased on bourse.
NSE chief executive Geoffrey Odundo said Thursday's activity was a "testament of improving investor sentiments as listed securities in our market continue to show impressive recovery".
The st...