Off the wire
• S. African fire-fighters leave for home from Canada following wage dispute  • U.S. stocks trade lower ahead of Fed meeting  • Ghana's major power distributor promises quick resolution of billing challenges  • 1st LD: U.S. president calls Florida shooting "homegrown extremism"  • Pistorius murder case pre-sentencing arguments kick off in Pretoria  • Burkina Faso takes measures to restore state authority  • Top UN official outraged by Orlando shooting  • Boko Haram's arms supplier arrested in NE Nigeria  • UN chief calls for end to discrimination against people with albinism  • Jordan says resolving Palestinian issue key to regional conflicts  
You are here: 　 Home

Nairobi bourse equity turnover drops 39 pct as foreign investors cut trading

Xinhua, June 14, 2016 Adjust font size:

Equity turnover at the Nairobi Securities Exchange (NSE) went down 39 percent Monday to 4 million U.S. dollars on a volume of 9 million shares, down from 6.6 million dollars from 22 million shares last Friday as foreign investors kept off the bourse.

Kenya's leading telecom Safaricom, which attracted foreign buys and was the top mover last week hitting a high of 21 million shares, traded a paltry 2.1 million shares at 0.18 dollars (0.5 percent decline), down from 6.7 million.

Equity Group Holdings was the second top trader, with the bank trading 1.7 million shares, an increase from 400,000 last week on Friday at an unchanged price of 0.40 dollars.

Save for Safaricom and Equity Group, which had the most foreign buys, none of the other stocks moved more than a million shares.

The NSE 20 Share Index closed the day 0.41 percent down at 3,817.66 points. Similarly, the All Share Index slid to 146.25 from 146.97 while the NSE 25 Share Index settled at 4,143.08 from 4,165.23 points.

The bond turnover was up 3.4 percent after moving securities worth 28 million dollars. Last week, the market registered improved activity with securities worth 187 million dollars transacted. Endit