Over 6,000 foreign investors, both individuals and corporates listed on the Nairobi Securities Exchange(NSE), sold their shares worth Ksh 10 billion from the top five companies in Kenya by the end of April 2026.
The top Kenyan companies, Safaricom Plc, Equity Group, KCB Group, EABL, and Cooperative Bank of Kenya, claim normal operation despite the vacuum left after a strong market rally to local institutions and investors for 12 months of investment.
Despite this, the equity market rallied with all five indices closing higher, led by the Banking Index at +2.52% to 239.37 and the NASI at +2.28% to 210.37
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Local investors increased their equity holdings during this period as a result of increased demand for the stock for a full-year dividend payout. Longhorn Publishers Ltd gained an 8.27% increase, Jubilee Holdings at 7.28%, and Car and General rose by 6.94 %.
Some investors have shifted to foreign markets where returns are promising in the UK and the US after a 10-year market instability at the NSE market.
By Ochola Victor
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