2017-diamondtrust | Coastweek


THE MOST FROM THE COAST !

..


 Coastweek website


XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Kenya’s bourse slumps amid decline in foreign trading

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 at 164.17.

Similarly, turnover 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.

Market 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 prices.

Foreign investors’ participation, on the other hand, declined to 44 percent from 74 percent in the Tuesday session, as the traders cut both sales and buys.

Safaricom, Kenya’s leading telecom, was the most actively traded share after moving 10 million shares valued at 0.25 dollars, a decline of 3 percent.

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.

 

SEE ALSO:

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.

Safaricom, Equity 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 three sessions.

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 billion dollars.

Foreign 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.

             

 

Remember: you read it first at coastweek.com !


 

TO ADVERTISE ON THIS WEB SITE:  www.coastweek.com
Please contact

MOMBASA - GULSHAN JIVRAJ, Mobile: 0722 775164 Tel: (+254) (41) 2230130 /
Wireless: 020 3549187 e-mail: info@coastweek.com

NAIROBI - ANJUM H. ASODIA, Mobile: 0733 775446 Tel: (+254) (020) 3744459
e-mail: anjum@asodia.co.ke

 
    © Coastweek Newspapers Limited               Tel: (+254) (41) 2230130  |  Wireless: 020 3549187  |  E-mail: info@coastweek.com