Bedah Mengo NAIROBI (Xinhua) -- Kenya’s Nairobi
Securities Exchange (NSE) turnover on Thursday rose 71 percent to 5.4 million
U.S. dollars on a volume of 14 million shares, up from 12 million worth 3.2
million dollars in the session a day before, boosted by increased local
investors’ participation stood at 52 percent as foreigners accounted for 48
percent of trading, with 66 percent of it being sales.
Kenya’s leading telecom, was the top mover, trading 3.7 million shares at 0.25
dollars representing 17 percent of the day’s traded value.
sector accounted for 34 percent of the day’s traded value. Kenya Commercial Bank
moved 2.5 million shares at 0.42 dollars to emerge the second top mover.
the commercial and services sector, traded 2 million shares at 0.42 dollars as
Equity Bank and Kengen closed the list of the top traded stocks.
was among the top decliners, going down 5 percent in Wednesday’s session to
close at a 12-month low of 0.12 dollars.
The NSE 20
Share Index was down 6.60 points to stand at 3,777.09 while the All Share Index
(NASI) edged up 1.24 points to close at 166.02. The NSE 25 Share Index was up
18.28 points to stand at 4,329.00.
Kenyan shilling falls slightly as political
climate remains hostile
By Bedah Mengo NAIROBI (Xinhua) --
The Kenyan shilling weakened marginally on Thursday, rattled by
continued uncertainty over repeat presidential polls.
the electoral commission announced it had pushed the polls nine days back to
Oct. 26 as political bickering following the release of full ruling by the
Supreme Court on Wednesday continued.
Opposition National Super Alliance (NASA) leaders lauded the Supreme Court
ruling, ruling party Jubilee faulted it, noting they had been robbed of victory
as the political environment remained hostile.
unit traded at an average of 103.3 as in the previous session, but dropped a
paltry 0.04 percent.
Bank of Kenya (CBK) quoted the local currency to the dollar at 103.31 down from
103.28 in the previous session.
the shilling had weakened against the dollar by 0.13 percent to close at 103.28
from 103.14 on Monday.
banks, on the other hand, placed the value of the shilling Thursday against the
dollar at a weaker level of between 103.27 and 103.47, as traders noted the
currency would soon start facing pressure from increased dollar demand from
British pound, the shilling weakened by a bigger margin, falling by 0.32 percent
to close at 140.06 down from 139.62.