Foreign investors at the Nairobi Securities Exchange (NSE) in February recorded a net buying position for the first time in 16 months, taking positions on a number of blue chips with an eye on dividend and capital gain.
Market data compiled by Standard Investment Bank shows the foreign investors had net inflows of Sh219 million, with the bulk of the buys coming through Safaricom and East Africa Breweries Ltd. In January, they had sold a net of Sh1.34 billion.
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