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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Kenyan bourse turnover falls as foreigners retreat  

NAIROBI, (Xinhua) -- The Nairobi Securities Exchange (NSE) turnover went down on Wednesday in a session foreign investors reduced participation to less than 50 percent.

Turnover decreased 21 percent to 3.3 million U.S. dollars from 12 million shares down from 13.2 million worth 4.1 million dollars.

The NSE 20 Share Index was down 5.12 points to close at 3,285.27 points pulled down by declining large stocks.

On the other hand, the NSE All Share Index (NASI) was up 0.92 points to close at 173.14 points while the NSE 25 was up 26.15 points to close at 4,440.42.

Safaricom moved 2.2 million shares to account for 20 percent of the day’s traded value while the banking sector transacted the most shares which accounted for 58 percent of the day’s turnover.

Kenya Commercial Bank (KCB) was the top mover under the sector. Foreign investors represented 45 percent of total turnover with the traders being net sellers of KCB and Safaricom.

The bond market registered an improved activity with bonds worth 28 million transacted compared to 15 million dollars posted Tuesday.

             

 

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