Nairobi, Aug. 10 -- Traded turnover at the Nairobi Securities Exchange (NSE) for equities and bonds rose in July, with the equities seeing heavier foreign selling activity while the bonds market benefitted from a liquid money market.
NSE data shows that equities turnover went up by 10 per cent or Sh1.2 billion to Sh13.46 billion last month.
Analysts have however pointed at heightened selling activity by foreign investors as one of the reasons for the higher traded volumes last month.
"Foreign investors remained net sellers with a net selling position of $49.8 million (Sh5.4 billion),compared to June's net selling position of $15.9 million (Sh1.7 billion)," said analysts at Cytonn Investments.
As was the case in June, the higher traded t...