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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Kenya bourse slides as local investors dominate trading

NAIROBI (Xinhua) -- The Nairobi Securities Exchange’s key index and turnover slid on Wednesday in a session dominated by local investors.

The NSE 20 Share Index went down 20.46 points to close at 3,768.38 points, the biggest drop in recent weeks of trading, continuing a downward trend from last Friday, after the index had peaked at 3,800.43.

A total of 28.7 million shares worth 6.7 million U.S. dollars were traded on Wednesday, down from 45.8 million valued at 11 million dollars on Tuesday.

Safaricom, Cooperative Bank, Equity Bank, KenolKobil and Kenya Commercial Bank (KCB) accounted for 85 percent of the total turnover.

The most traded counters were Safaricom, Cooperative Bank, KenolKobil, Equity Bank and Sasini, moving 15.3 million, 4.1 million, 2.8 million, 1.3 million and 1 million shares respectively.

Foreign participation stood at 48 percent, down from 68 percent on Tuesday, while local participation rose to 52 percent, up from 32 percent.

The NSE All Share Index (NASI) was up by 0.65 points to close at 161.99 points. Bond turnover rose to 19 million dollars from 16 million dollars in the previous session.

The market value rose by 9 million dollars, or 0.40 percent, to settle at 23.2 billion dollars.

 

Foreign sales double Nairobi bourse turnover    

NAIROBI, (Xinhua) -- Equity turnover at the Nairobi Securities Exchange (NSE) doubled on Tuesday as foreign investors sustained sales.

Turnover rose to 11 million U.S. dollars, a 104 percent rise, on a volume of 46 million shares, from the previous session’s 5.4 million dollars from 15 million shares.

Safaricom, Equity Bank, Cooperative Bank, Kenya Commercial Bank (KCB) and Diamond Trust Bank accounted for 95.3 percent of the day’s total turnover.

However, the most traded counters were Safaricom, Equity Bank, Cooperative Bank, KCB and Home Afrika moving 35 million, 3 million, 2.2 million, 800,000 and 800,000 shares respectively.

Foreign investors’ participation stood at 68.4 percent compared to Monday’s 60 percent, with the traders accounting for 53 percent of total buying and 84 percent of total selling.

The traders mainly went for Safaricom, selling the stock more than they bought, as it traded at 0.24 dollars.

Equity Bank recorded the highest net foreign inflows, unchanged in Wednesday’s session to close at 0.40 dollars.

The NSE 20 Share Index was down 9.13 points to close at 3,788.84 points, reversing gains made in the past week, while the NSE All share Index (NASI) was down by 1.75 points to close at 161.34 points.

At the bond market, turnover stood at 16 million dollars up from 5 million dollars in the previous session.

 

SEE ALSO:

Nairobi bourse turnover rises on foreign sales of Safaricom shares

 

           

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