Foreigners sell Sh4.5bn stocks in August as blue-chips rally

In August, foreign investors sold shares worth Sh4.55 billion on the Nairobi stock market, taking advantage of a rally in blue-chip prices. These net sales, which rose from Sh1.35 billion in July, represent the largest foreign outflow in 10 months. Stocks of companies like Safaricom, Equity Group, and KCB reached all-time highs, attracting local investors, particularly pension funds.