Foreign investors on Nairobi Securities Exchange (NSE) turned net sellers in October, withdrawing Ksh1.13 billion ($11.3 million) on increased risk aversion due to a surge in Covid-19 infections and deaths, halting two months of net buying.
AIB-AXYS Africa data shows that sales by foreign investors surpassed purchases for most days of October, with banking stocks and Safaricom being the most affected.
