Foreign investors sold off Sh12b at NSE before polls

Foreign investor outflow at the Nairobi bourse stood at Sh12.3 billion. [iStockphoto]

Foreign investors sold off more than Sh12 billion worth of securities at the Nairobi Securities Exchange (NSE) in the months leading up to the General Election.

Data from the Capital Markets Authority (CMA) indicates that foreign investor outflow at the Nairobi bourse stood at Sh12.3 billion in the months between March and July 2022.