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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Nairobi Securities Exchange remains in downward spiral

NAIROBI (Xinhua) -- All key indicators of the Nairobi Securities Exchange (NSE) fell on Thursday as the market recorded a downward spiral.

The NSE 20 Share Index was down 1.71 points to stand at 3,312.10, reversing positive growth since start of the week. The All Share Index (NASI) shed 0.57 points to settle at 172.66, while the NSE 25 Share index dropped 4.54 points to stand at 4,482.58.

Safaricom, Kenya’s leading telecom operator, moved 4.9 million shares, representing half of the day’s traded volume.

The banking sector followed, accounting for 24 percent of the day’s traded value, with Kenya Commercial Bank moving 1.1 million shares.

Turnover declined to 2.7 million U.S. dollars from the previous session’s 4.5 million dollars, with the number of shares traded standing at 10 million, against 15 million on Wednesday.

The bond market had securities worth 18 million dollars transacted, compared to 24 million dollars posted Wednesday.

             

 

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