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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Kenya bourse turnover, benchmark index recover

NAIROBI (Xinhua) -- Kenya’s Nairobi Securities Exchange (NSE) benchmark index and turnover recovered on Tuesday amid surge in prices of selected large stocks.

Turnover rose 183 percent to close the day at 8.9 million U.S. dollars on a volume of 38 million shares from 13.4 million shares worth 3 million dollars on the previous trading day.

Similarly, the NSE 20 Share Index gained 5.63 points to end the session at 3,696.13. The index had lost 17.26 points in the previous session.

On the other hand, the NSE All share Index (NASI) declined marginally to 170.16 from 170.59 points in the previous session.

Some of the stocks that lifted the NSE during the trading were Standard Chartered Bank, Sasini, British America Tobacco and Centum, going up by between 0.5 percent and 7 percent.

The most traded counters were Safaricom, Kenya Commercial Bank, HomeAfrika, Uchumi and Cooperative Bank, moving 24 million, 2 million, 1.5 million, 1.2 million and 1.1 million shares respectively.

Foreigners’ participation stood at 54 percent, up from 50 percent in the previous session as locals declined to 46 percent.

At the bond market, the turnover declined to stand at 9 million dollars from 15 million dollars in Monday trading.

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EARLIER REPORT:

Kenya’s bourse starts week low on declined foreign activity

NAIROBI (Xinhua) -- Trading at Kenya’s Nairobi Securities Exchange (NSE) started the week low on Monday as both turnover and the key indices declined.

Turnover stood at 3 million U.S. dollars from 11 million dollars on Friday mainly due to declined foreign activity.

The foreigners were mainly net sellers of Safaricom, as they cut both sales and purchases.

The NSE 20 Share Index was down 17.26 points to close at 3,690.50 points, a downward turn after going up last week on Friday. On the other hand, the NSE All share Index (NASI) was down 1.62 points to close at 170.59 points.

Kenya’s leading telecom Safaricom, Nation Media Group, Kenya Commercial Bank (KCB), Bamburi and East African Breweries Ltd accounted for 83 percent of the total turnover.

             

 

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