(Xinhua) -- Foreign investors at the Nairobi
Securities Exchange (NSE) sustained buys Wednesday, going for
telecom and bank stocks in particular, amid low turnover.
The NSE has become a buyers’ market
following decline in prices of various stocks, especially those
of the banking sector that saw prices of some stocks dropping by
over 30 percent in about a month.
Kenya’s leading telecom operator
Safaricom was the day’s biggest mover, attracting foreign
inflows to trade 10.8 million shares at 0.19 U.S. dollars to
account for 60 percent of the day’s traded volume.
In the banking sector, some 4.9
million shares were traded, representing 28 percent of the day’s
Equity Bank saw 2.2 million shares
changing hands at 0.26 dollars while Kenya Commercial Bank went
down to 0.25 dollars and moved 1 million shares.
The energy sector had 713,000 shares
traded with KenolKobil moving 545,000 shares of the total at
In total, some 18 million shares
valued at 3.5 million dollars were traded, down from 21 million
shares at 4.8 million dollars posted Tuesday.
The NSE 20 Share Index went down 22.09
points to stand at 3,170.22.
The All Share Index (NASI), on the
other hand, was up 0.51 points to stand at 132.85 while the NSE
25 Share Index was up 6.48 points to stand at 3,494.36.