|
By Bedah
Mengo NAIROBI, (Xinhua) -- All key
indices of the Nairobi Securities Exchange (NSE)
declined on Wednesday as local investors trading dropped
20 percent and key shares fell.
Local
investors’ participation stood at 49 percent, down from
70 percent on Tuesday while foreigners accounted for 51
percent of the trading, mainly selling.
The NSE 20
Share Index declined 3.22 points to close at 4,038.86,
sustaining a negative trend registered Tuesday where it
fell 46.92 points.
Similarly,
the NSE All share Index (NASI) was down to 171.21 points
from 172.75 in the previous session.
Market
turnover stood at 6 million U.S. dollars on a volume of
19 million shares from 34 million worth 8.5 million
dollars.
The most
traded counters were Safaricom, Barclays Bank, Kengen,
Kenya Commercial Bank and East African Breweries Ltd
after moving 9.8 million, 2 million, 1.9 million, 1
million and 529,500 shares respectively.
Among top
losers were Safaricom (2 percent), Barclays Bank (0.5
percent), Deacons (8 percent), Mumias Sugar (4 percent)
and HomeAfrika (4.4 percent)
Investors’
wealth, measured by market capitalization, similarly
declined significantly to 24 million dollars from 25
million dollars in the previous session.
At the bonds
market, however, turnover rose to 25 million dollars
from 19 million dollars in the previous session.
.
SEE ALSO
Kenya’s stocks rally
lifting key index as local investors dominate
|
