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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 
Kenyan Bourse sees foreigner exits of major stocks

NAIROBI (Xinhua) -- Turnover at the Nairobi Securities Exchange (NSE) rose slightly on Thursday as foreigners sustained sales of Safaricom and East African Breweries Ltd (EABL).

Equity turnover increased to 8.6 million U.S. dollars on a volume of 26.4 million shares from 27.3 million from 8.5 million dollars.

Foreigners represented 68 percent of the trading during the session, with the investors sustaining exit from Safaricom, Kenya’s leading telecom, and EABL.

The telecom was the most traded stock on Thursday, transacting 12 million shares, followed by Equity Bank 5.5 million, Kenya Commercial Bank 1.54 million, KenolKobil 1.5 million and Kenya Power 1.4 million shares.

The NSE 20 Share Index declined 10.92 points on Thursday to close at 3,309.02 points. On Wednesday, the index went down 27.70 points.

However, the NSE 25 Share Index went up 1.23 points to stand at 4,427.53 while the All Share Index ended the day at 170.19, a slight rise of 0.05 points.

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EARLIER REPORT:

Bearish large stocks pull down Kenyan bourse key index

NAIROBI (Xinhua) -- Nairobi Securities Exchange (NSE) large stocks remained bearish on Wednesday, pushing the key index further down.

The NSE 20 Share Index declined 27.70 points to close at 3,220.55 down from 3,348.05. On Tuesday, the index dropped by 23 points.

Safaricom, Kenya’s leading telecom, declined during the session 3.4 percent to end at 0.26 U.S. dollars. The stock went down 4.2 percent on Tuesday.

Other stocks that similarly declined were KenGen (1.4 percent), East African Breweries Ltd (1 percent) and Athi River Mining Cement (1.7 percent).

Safaricom remained the most traded stock in the session, moving 16 million shares from 6 million shares on Tuesday.

It was followed by Equity Bank with 7 million shares, Barclays Bank 547,800, Kenya Commercial Bank 493,200 and CIC 463,500 shares respectively.

Some 27 million shares were traded in the session, up from 17 million shares worth 7.2 million dollars on Tuesday.

           

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