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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Low Safaricom trading pulls down turnover at Nairobi Bourse

NAIROBI (Xinhua) -- Some 16 million shares worth 5.1 million U.S. dollars were traded at the Nairobi Securities Exchange (NSE) Friday, down from 31 million shares worth 7.1 million dollars the previous trading day.

The leading telecom, usually a top trader, underperformed for the second consecutive trading session moving 4.9 million shares at 0.18 dollars to end up as the second most traded share.

The top traded stock was Equity Bank, which moved 5.7 million shares most of which were foreign buys.

Kenya Airways and investment firm ICDC came in third and fourth respectively after moving 1.4 million and 1.3 million shares respectively.

The NSE 20 Share Index closed at 3,104.88 points from 3,101.19 while the All Share Index (NASI) ended at 132.86 from 132.63 the previous day.

The bond market witnessed reduced activity with bonds worth 8 million dollars transacted compared to 55 million posted the previous session.

 

             

 

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