Off the wire
• Interview: LatAm's first China Construction Bank branch to boost regional investment, development -- former Chilean president  • At least 26 killed in central Nigeria violence  • Macao suspends live poultry trade after avian flu positive report  • Serbia, Greece, USA keep unbeaten at FINA men's water polo world league super final  • 2nd LD Writethru: China, Uzbekistan elevate ties to comprehensive strategic partnership  • 2nd LD Writethru: Cambodia's ruling party urges parties directly concerned in South China Sea issue to negotiate with each other  • S. Africa's local election campaigns marred by violence, intimidation  • Cambodia's ruling party urges parties directly concerned in South China Sea issue to negotiate with each other  • 1st LD Writethru: Cambodian ruling party urges parties directly concerned in South China Sea issue to negotiate with each other  • Political advisors brainstorm on poverty relief  
You are here: 　 Home

Prices for key stocks' plunge pushing down trading at Nairobi bourse

Xinhua, June 22, 2016 Adjust font size:

Some 16 million shares valued at 3.7 million U.S. dollars were traded at the Nairobi Securities Exchange (NSE) Wednesday, down from 35 million worth 13 million dollars as prices of key stocks plunged.

Kenya's leading telecom Safaricom, which was the main mover at the bourse on foreign buys, traded 9 million shares at a declined price of 0.17 dollars, a drop of 2 percent from previous day's session. Tuesday, the telecom moved 8.1 million shares.

The banking sector had 4.3 million shares traded that represented 27 percent of the day's traded volume.

Equity Group Holdings, under the category, had 1.5 million shares exchanging hands at an unchanged price of 0.40 dollars.

Kenya Commercial Bank (KCB) Group lost 0.71 percent to close at a 12-month low of 0.34 dollars with 1.2 million shares traded, most foreign sales. Similarly, Cooperative Bank moved 887,000 shares at a low of 0.16 dollars.

The energy and petroleum sector had a paltry 388,000 shares traded with Kenya Power trading 166,000 at unchanged price of 0.09 dollars.

The manufacturing and allied sector moved 992,000 shares, which accounted for 6.2 percent of the day's traded volume while the construction and allied moved 417,000 shares, which accounted for 3 percent of the day's traded volume.

The stifled trading saw the NSE 20 Share Index go down 24 points to stand at 3,750.98, with the All Share Index (NASI) shedding 1.21 points to settle at 145.16 and the NSE 25 Share Index was down 17.97 points to settle at 4,099.81.

Bond trading was up 11 percent to end the day at 48 million dollars from 44 million dollars Tuesday. Enditem