Off the wire
• Burundian gov't deplores EU sanctions on direct aid  • UK business representative group backs continued EU membership  • Austrian chancellor calls for "clear language" from Germany over refugee crisis  • 1st LD Writethru: U.S. dollar mixed on downbeat data  • Chinese auto maker Chery relaunches new cars assembled in Egypt  • Feature: Despite doubts, Syrian refugees in Lebanon hope Geneva talks can end crisis  • UN Syria envoy hails Russia's withdrawal decision as peace talks start  • UNDP names award-winning action heroine Michelle Yeoh Goodwill Ambassador  • High-level meeting on water, sanitation kicks off in Ethiopia  • Death warrant issued against Motiur Rahman Nizami  
You are here: 　 Home

Nairobi bourse key indices fall for second-day running

Xinhua, March 16, 2016 Adjust font size:

Several key indices of the Nairobi bourse went on a downward spiral Tuesday, reversing gains that the market had made in the past weeks.

The Nairobi Securities Exchange (NSE) 20 Share Index, which tracks the performance of 20 best-performing companies listed at the bourse, went down 32.04 points to close the day at 3921.10.

The index was on a downward spiral for the third trading session running, falling from a high of 3958.82 at the end of last week.

Similarly, the Nairobi All Share Index (NASI) shed 0.42 points to stand at 144.84, down from 145.26 Monday, and the NSE 25 share index was down 4.10 points to settle at 4205.46.

Market capitalization, which measures the shareholders wealth, went down too after sustaining marginal gains in the last weeks.

The index closed the day at 20.1 billion U.S dollars, down from 20.2 billion dollars on Monday, signalling losses for investors.

Market capitalization has lost over 6 billion dollars in the last one year.

Some 18.7 million shares valued at 6.2 million dollars were traded from 23 million shares that were valued at 6 million dollars posted Monday. Prices of most of the shares remained flat or rose marginally.

Most of the investors went for stocks of firms in the telecommunication and banking sectors.

Safaricom, a leading telecommunication company, moved 8.4 million shares at a high of 0.16 dollars while the banking sector had 7.8 million shares traded, representing 41.63 percent of the day's volumes. Endit