The August net sales, which rose from Sh1.35 billion in July, represented the biggest monthly foreign outflow in 10 months.
By
Charles Mwaniki
Business Reporter
Nation Media Group
Foreign investors cashed in on shares worth Sh4.55 billion on the Nairobi stock market in August, taking advantage of a rally in blue-chip share prices to secure profits on their investment.
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The shares were bought from local institutions and foreign investors who traded part of their holdings to take profits as the…
An appreciating local currency gives foreign investors an exchange gain when valuing their returns.
Top gainers in percentage terms include Car & General at 325 percent to Sh217 per share, Britam at 94 percent to Sh17.65 and…
