Kenya: NSE Foreign Investor Outflows Reach KSh2 Billion in Q2 2021
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Kenya’s capital markets continued to suffer from capital flight in the second quarter of this year as foreign investors pulled back from risky markets.
1M | 3M | YTD | 1Y | 2Y |
-4.28% | -3.18% | +18.87% | +2.15% | -7.13% |
Value Traded (Mln KES) 163.85 |
Volume 9,622,500 |
Transactions - |
Market Cap. (Bln KES) 1,624.18 |
Kenya’s capital markets continued to suffer from capital flight in the second quarter of this year as foreign investors pulled back from risky markets.
Foreign investors pulled out Sh1.09 billion from the Nairobi Securities Exchange (NSE) in July, marking the sixth straight month of net-selling despite the prevailing rise in the market wealth.
East African Breweries Limited (NSE:EABL) reported a marginal net profit drop in the year ended June as higher costs offset increased sales, with the company freezing dividend payouts to preserve capital.
Caracal Gold Plc, a gold mining company, based in the UK, has appointed Faida Investment Bank as its financial adviser and joint broker as it plans to do a KSh 2 Billion listing at the Nairobi Securities Exchange (NSE).