Cash-hungry foreigners ramp up presence at the Nairobi Securities Exchange (NSE)

Nairobi securities Exchange (NSE) trading floor. Foreign investors have increased their presence at the NSE edging local investors to the periphery. (PHOTO: BEVERLYNE MUSILI/ STANDARD)

Foreign investors have increased their presence at the Nairobi Securities Exchange (NSE), edging local investors to the periphery.

With the bourse’s index at a relatively low level of 3,243 points as at end of September, Capital Markets Authority (CMA) said the market is either near bottoming out or it has already bottomed out.