NAIROBI, Nov. 28 (Xinhua) -- The Nairobi Securities Exchange (NSE) is on a recovery path as foreign trading rises, ending a lengthy period in the past months that was characterized by their exit.
Foreign investors at the bourse are now buying more than they are selling, helping to lift all the key indices of the securities market.
Market capitalization, which measures shareholders' wealth, the NSE 20 Share Index, the NSE All Share Index, and even bond-trading are all on the rise, signaling better times for the bourse as the year nears the end.
On Tuesday, the benchmark NSE 20 Share Index stood at 2,776.86, a rise of 5.63 points from the previous session and 16.02 points since the end of last week.
On the other hand, the All Share Index rose 0.29 points on Tuesday while market capitalization ended at 21.2 trillion shillings (20.9 billion U.S. dollars) as both sustained an upward trajectory.
Bond turnover more than doubled to 16.1 million dollars, up from 8 million dollars in the previous session.
Foreign investors' participation during the period stood at 87 percent, buying as much as they sold favorite stocks that included Safaricom, Equity Bank and East African Breweries Ltd.
Analysts noted that the current performance points to the market ending the year highly, with foreigners buying shares to cash in on low prices.
Foreigners have bought shares worth over 1.96 million dollars in the last week.
