SPECIAL
OFFERS

WEEKEND
GETAWAYS

WITH

SERENA

 


THE MOST FROM THE COAST !

..


 Coastweek website


XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Nairobi bourse turnover down on falling foreign participate   

NAIROBI (Xinhua) -- Some 17 million shares valued at 3.4 million U.S. dollars were traded at the Nairobi Securities Exchange (NSE), a 47 percent drop from 32 million shares worth 6.4 million dollars posted Tuesday.

Foreign investors’ participation stood at 70 percent from 75 percent in the previous session, with the foreigners accounting for 74 percent buying and 67 percent of total selling.

Equity Bank recorded the highest net foreign inflows to close 1.5 percent higher at 0.33 dollars while Kenya Commercial Bank (KCB) recorded the most net foreign outflows as it shed 0.7 percent to also close at 0.33 dollars.

However, leading telecom Safaricom was the most traded stock moving 9.5 million shares at unchanged price of 0.18 dollars.

Barclays Bank came second after moving 1.8 million shares at 0.07 dollars, a decline of 0.06 percent while KCB transacted 1.7 million shares to close the day at the third spot.

The NSE 20 Share Index reversed a negative trend and added 4.29 points to stand at 3,101.12 while the All Share Index (NASI) was up 0.13 points to stand at 131.32 and NSE 25 Share Index rose 7.43 points to close at 3,489.87.

At the bond market, there was an upswing in activity with bonds worth 25 million dollars transacted compared to 18 million dollars registered the previous session.

.

Nairobi bourse up on increased foreign trading

NAIROBI, (Xinhua) -- Nairobi Securities Exchange (NSE) turnover rose 123 percent on Tuesday to 32 million shares valued at 6.4 million U.S. dollars from the previous session’s 15 million worth 2.9 million dollars on improved foreign trading.

Foreign investors’ participation stood at 75 percent, with the traders assuming a net buying position by accounting for 88 percent of total market purchases and 79 percent of sales.

Safaricom, Kenya Commercial Bank (KCB) and British American Tobacco attracted the most trading from foreigners.

Safaricom, Kenya’s leading telecom was the top trader accounting for 75 percent of the day’s traded value after moving 26.2 million shares at a declined price of 0.18 dollars, a drop of 0.8 percent.

KCB came in second with 2.2 million shares valued at unchanged price of 0.34 dollars while at the third spot was Barclays Bank with 1.8 million shares moved at a declined price of 0.07 dollars.

Cooperative Bank and Housing Finance closed the list of top traded stocks but exchanged at a paltry 453,900 and 317,900 shares.

The NSE 20 Share Index declined 0.3 percent or 9.38 points to close at 3,096.83 while NASI Index declined by 0.24 percent or 0.31 points to close at 131.19. The NSE 25 Share Index was down 1.35 points to stand at 3,482.44.

The bond market turnover gained marginally to register 18 million dollars from 12 million dollars in the previous session. 

           

Remember: you read it first at coastweek.com !


Sarova Whitesands Hotel banner | Coastweek

 

TO ADVERTISE ON THIS WEB SITE:  www.coastweek.com
Please contact

MOMBASA - GULSHAN JIVRAJ, Mobile: 0722 775164 Tel: (+254) (41) 2230130 /
Wireless: 020 3549187 e-mail: info@coastweek.com

NAIROBI - ANJUM H. ASODIA, Mobile: 0733 775446 Tel: (+254) (020) 3744459
e-mail: anjum@asodia.co.ke

 
    © Coastweek Newspapers Limited               Tel: (+254) (41) 2230130  |  Wireless: 020 3549187  |  E-mail: info@coastweek.com