Foreign investors adopted an exit strategy on Monday’s session at the Nairobi Securities Exchange as politics in the country continue to get hot.
On Monday, foreign investors assumed a net selling position by accounting for 63.9 percent of total market sales and 23.1 percent of total market purchases.
The market turnover at the bourse declined 57.4 percent to USD 6.17 million or an equivalent to 622.09 million shillings from Friday’s trading.
The NSE 20 and NASI dropped 0.31 percent and 1.21 percent to close at 3,729.32 and 177.78 respectively.
The Kenyan shilling slightly weakened on Monday after retracting against the US Dollar on Monday.
Against the US Dollar, the Kenyan Shilling weakened 0.05 percent from Friday’s level to 100.85 while against the Sterling Pound, the Kenyan Shilling strengthened 0.78% from Friday’s level to 139.47.
Against the Euro, the Kenya Shilling weakened 0.08% from Friday’s level to 123.68.