Foreigners Offload KSh 10bn Stock in Big-Five Firms at NSE
Foreign investors have sold KSh 10 billion worth of shares in the top five firms listed on the Nairobi Securities Exchange.
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NSE 25 jumps 12.9% despite Ksh10 bln foreign share sales
The NSE 25 jumped 12.9236% to 5,749.28 on June 10, while the NSE 20 rose 2.9651% to 1,037.6. The advance followed Ksh10 billion of foreign share sales on the NSE, concentrated in the five biggest stocks, according to Business Daily and Sacco Review. BAT Kenya said on June 5 that proposed tobacco law amendments could cost the government Ksh12 billion and threaten jobs, saccoreview.co.ke reported. The same day, the NSE said it appointed Sterling Capital Limited as a market maker on the NEXT Derivatives Market and unveiled a step to widen retail investor access, according to June 10 exchange statements.
Press Release - Nairobi Securities Exchange Plc Appoints Sterling Capital Limited as a market maker in the NEXT Derivatives Market
Investors on Kenyan securities exchange will soon get access to trade global markets as Satrix lists MSCI World Feeder ETF on the NSE