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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Low foreign trading slows down Kenya’s bourse

NAIROBI (Xinhua) -- Trading at the Nairobi Securities Exchange (NSE) was slow on Monday as foreign investors cut both buys and sales by over 90 percent.

Foreign purchases during the session declined by 95 percent while sales went down by 94 percent as the investors’ overall participation at the bourse fell to 59 percent.

Equity turnover, consequently, dropped significantly to 5.5 million dollars on a volume of 20 million shares from 387 million shares worth 60 million dollars.

Safaricom, Equity Bank, Co-operative Bank, Kenya Commercial Bank (KCB) and Jubilee Holdings accounted for 91 percent of the total turnover.

The most traded counters were Safaricom, Co-operative Bank, Equity, KCB and Barclays Bank Kenya, moving 8.8 million, 4.3 million, 2.2 million, 1.2 million and 700,000 shares respectively.

The NSE 20 Share Index was up 4.64 points to close at 3,741.80 points from 3,737.17 while the NSE All Share Index (NASI) went down 0.36 points to close at 179.81 points.

At the bond section of the bourse, turnover went up by 18 percent to clock 10 million dollars from 9 million dollars in the previous session.

             

 

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