NAIROBI (Xinhua) --
Trading at the Nairobi Securities Exchange (NSE)
slumped on Wednesday, with all the key indicators going down as
foreign investors cut trading.
The NSE 20 Share
Index declined 44 points to stand at 3,805.24 reversing a
positive trend recorded in the past three sessions. On the other
hand, the All Share Index (NASI) ended 2 points lower to stand
declined to 6.4 million dollars from the previous session’s 11
million dollars, with the number of shares traded standing at 23
million shares against 32 million on Tuesday.
capitalization, which measures shareholders’ wealth, declined
with a huge margin, dropping to close the session at 23 billion
dollars from 24 billion dollars reflecting decline in stock
participation, on the other hand, declined to 44 percent from 74
percent in the Tuesday session, as the traders cut both sales
leading telecom, was the most actively traded share after moving
10 million shares valued at 0.25 dollars, a decline of 3
Other top traded
counters were Equity Bank, Kenya Power, TPS East Africa and Home
Afrika moving 3.6 million, 2.8 million, 1.4 million and 1.1
million shares respectively.
Bond turnover rose
by 14.3 percent to stand at 24 million dollars from 21 million
dollars on Tuesday.
Kenyan bourse key indices swell
as stocks rise
Nairobi bourse turnover surges
on foreign buys
NAIROBI, Sept. 11 (Xinhua) --
Equity turnover at the Nairobi Securities
Exchange (NSE) on Monday surged 123 percent to 10 million U.S.
dollars, boosted by a rise in foreign purchases.
Bank, East African Breweries Ltd, NIC Bank and Centum accounted
for 93 percent of the total turnover.
The most traded
counters, however, were Safaricom, Equity Bank, NIC Bank, Centum
and Kenya Commercial Bank moving 20 million, 6.5 million, 1
million, 700,000 and 500,000 respectively.
However, most of the
large stocks remained flat or went down like Athi River Mining
and Uchumi to push the benchmark 20 Share Index slightly down.
The NSE 20 Share
Index decreased 24.28 points to close at 3,815.71 points, with
the indicator reversing a positive trend witnessed in the last
On the other hand,
the NSE All share Index (NASI) was up 0.67 points to close at
166.32 points while market capitalization, which measures
shareholders wealth, rose to 24.4 billion dollars from 24.1
participation during the session stood at 74 percent while local
26 percent and at the bond market, turnover declined 40 percent
to stand at 17 million dollars.