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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Kenyan bourse turnover up amid stifled trading   

NAIROBI (Xinhua) -- Some 15 million shares valued at 3.9 million U.S. dollars were traded at the Nairobi Securities Exchange (NSE) on Tuesday, up from 7.6 million worth 2.2 million dollars as trading remained low.

The NSE 20 Share Index was down 3.05 points to stand at 3,290.04 while the All Share Index (NASI) went up 0.24 points to stand at 171.00. On the other hand, the NSE 25 Share Index picked up 11.49 points to stand at 4,469.01.

Safaricom, Kenya’s leading telecom, actively moved 5.2 million shares that represented 37 percent of the day’s traded value.

The banking sector accounted for 30 percent of the day’s traded value, with Equity Bank coming top in the category with 1.5 million shares.

The insurance sector traded shares that represented 4.9 percent the day’s traded value as CIC Insurance, under the counter, exchanged 3.6 million shares to end up the second top traded stock. At the bond market, securities worth 15 million dollars were transacted. 

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EARLIER REPORTS:

Kenyan bourse key indices fall amid sluggish trading

NAIROBI (Xinhua) -- All the key indices of the Nairobi Securities Exchange (NSE) declined Monday as the bourse recorded sluggish trading.

The benchmark NSE 20 Share Index was down 17.1 points to close at 3,293.08 while the All Share Index (NASI) shed 0.41 points to settle at 170.76. The NSE 25 Share Index, on the other hand, declined 16.22 points to stand at 4,457.52.

The banking sector transacted the most shares to account for 63.5 percent of the day’s traded volume. Kenya Commercial Bank topped the category after moving 1.5 million shares.

Safaricom transacted 1.4 million shares to represent 17.5 percent of the day’s traded value while the manufacturing sector came third with shares worth 6 percent transacted.

The bond market had an improvement of activities with securities worth 30 million dollars transacted, compared to 7.9 million dollars on Friday last week.

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Kenyan shilling down slightly against dollar

NAIROBI (Xinhua) -- The Kenyan shilling weakened marginally on Monday against the U.S. dollar as demand for the greenback remained low.

The local unit traded against the dollar at 100.40, a slight fall from 100.35 posted last Friday.

The Central Bank of Kenya quoted the currency at 100.38 to the dollar, with the currency depreciating 0.04 percent from 100.35 of last Friday.

Commercial banks put the shilling at between 100.40 and 100.60, with the margin changing slightly from an average of 100.50.

Currency traders attributed the slight fall to low demand for dollars by oil importers.

Against the British pound, the shilling strengthened to close at 130.46, up from last Friday’s 131.14.

Last week, the Kenya shilling appreciated 0.1 percent against the dollar, supported by remittances and agriculture inflows.

Analysts expect the shilling to remain stable, strengthened by inflows

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