NAIROBI (Xinhua) --
Turnover at the Nairobi Securities Exchange (NSE)
declined 72 percent on Monday, pushed down by low trading of
Safaricom by foreign investors.
stood at 2.8 million U.S. dollars on a volume of 9.6 million
shares from 27 million worth 10 million dollars in the previous
session last Friday.
leading telecom, during the Monday session, traded a paltry 4
million shares after going down 0.8 percent to 0.29 dollars.
Last Friday, Safaricom traded 26 million shares.
Other most traded
counters were Mumias Sugar Company, Stanbic, NIC Bank and CIC
Insurance after moving 1.2 million, 900,000, 700,000 and 400,000
The NSE 20 Share
Index was up 11.54 points to close at 3,739.69 points while the
NSE All Share Index (NASI) was down 0.53 points to close at
dominated the trading at 52 percent participation, with most of
it being on the buy side. Safaricom is the favorite foreign
At the bond market,
turnover surged to stand at a record 26 billion dollars from 5
million dollars in the previous session.