Stock indices at the NSE. [Photo/Standard]
Normalcy seems to have been restored at the Nairobi Securities Exchange (NSE) as share price at the bourse increased by Sh20 billion shillings on Tuesday signaling a come back from market uncertainties that had gripped investors.
According to the Business Daily, in a statement released by market analysts, Genghis Capital, on Wednesday the increase is attributed to the influx of foreign investors to the market after the Supreme Court ruling on Monday.
"Foreign investors were the overall net buyers in the market for the fourth session, " Genghis capital said in a statement as quoted by the Business Daily.
In addition, the analyst said that the shareholder value rose to Sh50.7 billion a sign that investors had confidence in the economy,
"The shareholder value went up to sh. 50.7 billion depicting positive reaction by investors to the Supreme Court ruling, " Genghis Capital reports adds.
At the close of market on Tuesday, according to the Daily Nation, the turn over had risen to 657 million shillings, an 18 percent increase with the number of shares traded rising to 27 million from 7 million shares.