Foreign investors grow their wealth at bourse
05 June 2013, 11:54
Nairobi - Foreign investors have increased their wealth at the Nairobi Securities Exchange two times since April last year after they shrugged off election jitters to absorb shares that were being offloaded by weary local institutional investors.
According to data from the Capital Markets Authority, Daily Nation reports that foreigners control 40.7 per cent of the market that had a capitalisation of KES 1.6 trillion at the end of March this year compared to 27.9 per cent of the market, which was valued at KES 940.8 billion a year earlier.
That means the actual holding by foreign investors grew from KES 263 billion to KES 651 billion during the period under review.
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