NAIROBI (Xinhua) --
Nairobi Securities Exchange (NSE) key indices plunged on
Tuesday following the decline of prices of various stocks as
hearing of a petition challenging the election of President
Uhuru Kenyatta continued at the Supreme Court.
The NSE 20 Share
Index was down 46.92 points to close at 4,042.08 points while
the NSE All share Index (NASI) declined 0.72 points to close
at 172.75 points. A total 17 stocks that make the 20 share
index declined, resulting in the huge drop.
participation stood at 40 percent and local 60 percent. While
this was a marginal improvement from 30 percent and 70 percent
respectively, foreign investors kept off the bourse.
African Breweries Ltd, Kenya Commercial Bank (KCB), Kenya
Power and Equity Bank accounted for 76 percent of the day’s
However, the most
traded counters were Safaricom, Kenya Power, Cooperative Bank,
Barclays Bank and KCB moving 13.5 million, 5.5 million, 2.3
million, 2 million and 1.6 million shares respectively.
Turnover rose to
8.5 million U.S. dollars on a volume of 34 million shares from
13 million worth 3.7 million dollars posted yesterday.
At the bond
market, turnover went up 135 percent to stand at 19 million
dollars from 8 million dollars posted in the previous session.