Nairobi Securities Exchange Crosses KES 2.1 Trillion Market Cap on Surge in Foreign Inflows
Traders monitoring the automated trading screens on the trading floor of the Nairobi Securities Exchange.
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The Nairobi Securities Exchange (NSE) has crossed the KES 2.1 trillion market capitalization threshold, driven by robust institutional purchases in blue-chip telecommunications and tier-one banking stocks.
The NSE 20 Share Index gained 2.4% on heavy foreign investor net buying, with Safaricom, Equity Group, and KCB Group recording substantial price appreciation.
Market analysts attribute the bullish momentum to renewed international investor appetite for frontier market equities and consistent dividend yields.
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