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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Nairobi bourse key index declines further amid slight rise in turnover

NAIROBI (Xinhua) -- Turnover at the Nairobi Securities Exchange (NSE) rose slightly to 2.3 million U.S. dollars on a volume of 13 million shares from the previous session’s 8 million valued at 1.4 million dollars amid further decline in the benchmark 20 Share Index.

The index dropped some 28 points to stand at 2,966.16 as it decelerated for the second consecutive trading session due to erosion of large stock share prices.

Electricity generator KenGen was the day’s best top trader, supplanting Safaricom from the top position after moving 5.9 million shares at 0.06 dollars.

Safaricom, Kenya’s leading telecom, moved 3 million shares at a low of 0.16 dollars and a high of 0.17 dollars. The share went down a massive 4 percent pulling the benchmark index lower.

The All Share Index (NASI) ended 2.24 points lower to settle at 122.65 and the NSE 25 Share Index shaved-off 43.21 points to stand at 3,221.32.

The bond market witnessed improved activity with bonds worth 25 million dollars transacted from 11 million dollars in the previous session. 

 

             

 

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