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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Kenya’s bourse major indices fall as key shares decline 

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.

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SEE ALSO

Kenya’s stocks rally lifting key index as local investors dominate 

 

             

 

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