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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Nairobi Bourse up slightly as foreigners raise contribution

NAIROBI (Xinhua) -- Some 11 million shares worth 2.6 million U.S. dollars were traded at the Nairobi Securities Exchange (NSE) on Monday as turnover rose 16 percent boosted by slight rise in foreign investors’ participation.

On the previous trading day last Friday, the bourse traded shares worth 12 million on a volume of 2.2 million dollars as foreigners kept off.

However, their participation Monday rose to 77 percent from 43 percent, with the foreigners being net buyers.

Kenya Commercial Bank (KCB) was the top day’s trader moving 3.3 million shares at 0.26 dollars, a rise of 2 percent.

Coming in second was power generator KenGen with 3.1 million shares at unchanged price of 0.06 dollars.

Safaricom, Kenya’s leading telecom, was the third top trader after losing the top spot as it transacted 1.8 million shares, mainly foreign sales, at a new low of 0.16 dollars, a decline of 0.6 percent.

Mumias Sugar Company and East African Breweries Ltd closed the list of top five performers but did not move more than a million shares.

Mumias Sugar traded 538,900 shares at unchanged price of 0.01 dollars while EABL 450,600 at 2.1 dollars, mainly foreign sales.

The benchmark NSE 20 Share Index went up marginally 1.23 points to close the day at 2,963.01, an upward trend after a slump at the end of last week.

On the other hand, the All share Index (NASI) was down 0.25 points to close at 121.43.

             

 

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