NAIROBI (Xinhua) --
Equity turnover at the Nairobi Securities
Exchange (NSE) declined on Wednesday in a session foreigners
traded as much as locals.
continued to exit the market as in the Tuesday session, selling
more than they bought, as they accounted for 51 percent of
trading, down from 63 percent.
This followed a
political standoff between government and opposition on the
latter’s swearing-in of their leader as People’s President.
Turnover stood at
6.3 million U.S. dollars on Wednesday on a volume of 20 million
shares from 43 million worth 12 million dollars on Tuesday.
The most traded
counters were Safaricom, Equity Bank, Kenya Commercial Bank,
Mumias Sugar Company and KenolKobil, which moved 8.8 million,
4.8 million, 1.7 million, 926,900 and 793,800 shares
Top gainers included
Cooperative Bank, Housing Finance and Eveready which went up by
between 1.8 percent and 7 percent. On the other hand, losers
included Uchumi, Nation Media Group and East African Cables,
going down by between 1.9 percent and 7 percent.
The NSE 20 Share
Index increased by 10 points to end the day at 3,737.27 points
from 3,727.27 points in the previous session while the NSE All
Share Index (NASI) declined to 180.60 from 181.04.
At the bond market,
turnover went down considerably to stand at 20 million dollars
from 39 million dollars in the Tuesday session.