The rising cost of living and waning confidence of local investors in the Kenyan stock market have triggered major re-alignments at the Nairobi Stock Exchange (NSE), and appears to have put foreigners in control of trading volumes.
Market trading data show that as locals have slowly pulled back from investing in the Nairobi Stock Exchange since mid last year, foreign investors have stepped up their participation, cherry picking stocks that are perceived to be grossly undervalued. Read the rest of this entry »
