Net foreign investor sales at the Nairobi Securities Exchange (NSE) eased by more than seven times in February compared to January, in the absence of block trades on Safaricom that had inflated the January sales.
NSE data shows that net outflows from the market last month stood at Sh382.4 million, down from Sh2.86 billion the previous month.
As a result of the heavy sale in January, the cumulative net outflows from the NSE in the first two months of the year stood at Sh3.24 billion, which dwarfs the net sales of Sh235 million recorded in the corresponding period last year.
Source: Business Daily
