NSE set for boisterous 2018, says Cytonn Investments

Cytonn Investments expects 2018 to register increased foreign inflows from the negative position in 2017, mainly supported by a stable business operating environment and long-term investors who enter the market looking to take advantage of the current low valuations in sections of the market.

The firm stated that foreign investors who had adopted a wait-and-see attitude following the prolonged drought and election period will flock to the equities market this year.

The increase in foreign investment will be backed by a stable macroeconomic environment and attractive stocks in undervalued sections of the market.

Kenya has also maintained its attractiveness compared to other frontier markets.