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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Turnover at Nairobi bourse flat as
presidential petition outcome awaited

NAIROBI (Xinhua) -- Equity turnover at the Nairobi Securities Exchange (NSE) was flat on Thursday at 6 million U.S. dollars on a volume of 24 million shares from 19 million shares in previous session as the market awaited the verdict on presidential poll petition to be issued Friday.

Safaricom, Kenya’s leading telecom, was the top traded stock after moving 10.3 million shares at 0.25 dollars, a decline of 3 percent.

The share was followed by Equity Bank, Cooperative Bank, Kenya Airways and Total which moved 3 million, 1.8 million, 1.1 million and 1 million shares respectively.

At least seven shares, led by Safaricom, recorded a negative turn by going down by between 1 percent and 5 percent.

The top losers included HomeAfrika, Uchumi Supermarkets, Kenya Orchards and leading telecom Safaricom.

Top gainers, on the other hand, were NIC Bank and Deacons which rose by between 1 and 7 percent but their gains were little to lift the key index.

The NSE 20 Share Index declined to 11 points to end the day at 4,027.12 from 4,038.86, sustaining a negative trend registered since Tuesday.

Similarly, the NSE All share Index (NASI) was down to 169.16 from 171.21 points in the previous session while the NSE 25 share index ended the day at a low of 4,485.10.

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