{"id":14585,"date":"2020-09-18T19:58:29","date_gmt":"2020-09-18T19:58:29","guid":{"rendered":"https:\/\/www.africa-press.com\/kenya\/?p=14585"},"modified":"2020-09-18T19:58:29","modified_gmt":"2020-09-18T19:58:29","slug":"foreign-investors-troop-back-to-nse","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse","title":{"rendered":"Foreign investors troop back to NSE"},"content":{"rendered":"

Author: Dominic Omondi<\/strong>
\nAfricaPress-Kenya:<\/strong> Foreign investors rallied back to the Nairobi Securities Exchange (NSE) with yesterday\u2019s turnover increasing by a record 538 per cent on the back of improved investor confidence.<\/p>\n

A statement from the NSE showed that shares worth Sh3.76 billion were moved compared to Sh550 million that was recorded in the previous trading session.<\/p>\n

\n
<\/div>\n<\/div>\n

The number of shares traded increased to 123.6 million, more than five-fold from 17 million traded on Wednesday.<\/p>\n

\u201cThe positive performance has been driven by growing foreign investors\u2019 demand for listed equities in the Kenyan market,\u201d said NSE in the statement.<\/p>\n

By the end of trading, the value of shares bought by foreign investors was worth Sh3.4 billion, a more than five-fold increase from the value traded the previous day.<\/p>\n

Activities at the Nairobi bourse have been picking up since March 13 when trading was suspended after jittery investors evacuated from the local stock – with most fearing that the country\u2019s health system would be overwhelmed by the coronavirus pandemic.<\/p>\n

However, six months later, and with 36,576 Covid-19 cases and 642 deaths, most of the foreign investors have been coming back.<\/p>\n

\u201cToday\u2019s performance is a testament of improving investor sentiments as listed securities in our market continue to show impressive recovery,\u201d said NSE Chief Executive Geoffrey Odundo.<\/p>\n

Except for the dusk-to-dawn curfew and closure of bars and nightclubs, most of the restrictive measures aimed at curbing the spread of the pandemic have been eased.<\/p>\n

Most forecasters have also revised their economic growth projections, with the International Monetary Fund (IMF) now projecting that Kenya\u2019s economy will grow at one per cent from the initial -0.3 per cent.<\/p>\n

The National Treasury expects the economy to grow at 2.6 per cent this year, before recovering to 5.3 per cent in 2021 and 5.9 per cent in the medium term.<\/p>\n

A number of leading economic indicators such as exports, electricity sales and mobile payments have shown significant improvement compared to April when most were at dismally low levels.<\/p>\n

Activities at the NSE, another barometer for economic performance, have mirrored this positive performance.<\/p>\n

As expected, the counters with the most activities were those of telecommunications provider Safaricom, East Africa\u2019s most profitable company, where virtually all the trading – 92.33 per cent – took place.<\/p>\n

About 115 million of the telco\u2019s shares valued at Sh3.4 billion changed hands at between Sh29.50 and Sh30.15.<\/p>\n

In the banking sector, Equity Bank and KCB were the most active counters.<\/p>\n

\u201cThe impressive performance comes on the back of improving performance in the equities market evidenced by an 11.3 per cent growth in equities turnover,\u201d said NSE.<\/p>\n","protected":false},"excerpt":{"rendered":"

Author: Dominic Omondi AfricaPress-Kenya: Foreign investors rallied back to the Nairobi Securities Exchange (NSE) with yesterday\u2019s turnover increasing by a record 538 per cent on the back of improved investor confidence. A statement from the NSE showed that shares worth Sh3.76 billion were moved compared to Sh550 million that was recorded in the previous trading […]<\/p>\n","protected":false},"author":84,"featured_media":14582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[3054,4195,4495],"class_list":["post-14585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-investment","tag-nairobi-securities-exchange","tag-nse"],"yoast_head":"\nForeign investors troop back to NSE - kenya<\/title>\n<meta name=\"description\" content=\"Foreign investors rallied back to the Nairobi Securities Exchange (NSE) with yesterday\u2019s turnover increasing by a record 538 per cent on\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foreign investors troop back to NSE\" \/>\n<meta property=\"og:description\" content=\"Foreign investors rallied back to the Nairobi Securities Exchange (NSE) with yesterday\u2019s turnover increasing by a record 538 per cent on\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-18T19:58:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/09\/foreign_investors_tr5f63888593d74.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Foreign investors troop back to NSE\",\"datePublished\":\"2020-09-18T19:58:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse\"},\"wordCount\":431,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/09\/foreign_investors_tr5f63888593d74.jpg\",\"keywords\":[\"Investment\",\"Nairobi Securities Exchange\",\"NSE\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse\",\"name\":\"Foreign investors troop back to NSE - kenya\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/09\/foreign_investors_tr5f63888593d74.jpg\",\"datePublished\":\"2020-09-18T19:58:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Foreign investors rallied back to the Nairobi Securities Exchange (NSE) with yesterday\u2019s turnover increasing by a record 538 per cent on\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/09\/foreign_investors_tr5f63888593d74.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/09\/foreign_investors_tr5f63888593d74.jpg\",\"width\":800,\"height\":500},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/kenya\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Foreign investors troop back to NSE\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/\",\"name\":\"kenya\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Foreign investors troop back to NSE - kenya","description":"Foreign investors rallied back to the Nairobi Securities Exchange (NSE) with yesterday\u2019s turnover increasing by a record 538 per cent on","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse","og_locale":"en_US","og_type":"article","og_title":"Foreign investors troop back to NSE","og_description":"Foreign investors rallied back to the Nairobi Securities Exchange (NSE) with yesterday\u2019s turnover increasing by a record 538 per cent on","og_url":"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse","og_site_name":"kenya","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2020-09-18T19:58:29+00:00","og_image":[{"width":800,"height":500,"url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/09\/foreign_investors_tr5f63888593d74.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Foreign investors troop back to NSE","datePublished":"2020-09-18T19:58:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse"},"wordCount":431,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/09\/foreign_investors_tr5f63888593d74.jpg","keywords":["Investment","Nairobi Securities Exchange","NSE"],"articleSection":["all news","economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse","url":"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse","name":"Foreign investors troop back to NSE - kenya","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/09\/foreign_investors_tr5f63888593d74.jpg","datePublished":"2020-09-18T19:58:29+00:00","author":{"@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Foreign investors rallied back to the Nairobi Securities Exchange (NSE) with yesterday\u2019s turnover increasing by a record 538 per cent on","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse#primaryimage","url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/09\/foreign_investors_tr5f63888593d74.jpg","contentUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/09\/foreign_investors_tr5f63888593d74.jpg","width":800,"height":500},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/foreign-investors-troop-back-to-nse#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/kenya\/"},{"@type":"ListItem","position":2,"name":"Foreign investors troop back to NSE"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/kenya\/#website","url":"https:\/\/www.africa-press.net\/kenya\/","name":"kenya","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/14585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/comments?post=14585"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/14585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media\/14582"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media?parent=14585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/categories?post=14585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/tags?post=14585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}