Off the wire
• 2nd LD Writethru: Charges dropped against remaining U.S. police officers in Freddie Gray case  • Zimbabwe arrests two notorious poachers  • Air France maintains 87 pct of flights despite crew strike  • Economic sentiment in July up in bailed-out Cyprus  • Zimbabwe's Mugabe warns Western embassies against interference  • Iran to hold presidential election in May next year  • Xinhua world news summary at 1530 GMT, July 27  • 1st LD: Charges dropped against remaining U.S. police officers in Freddie Gray case  • 2nd LD-Writethru: Xi calls for further armed forces reform  • Norway's Statoil reports lower earnings in Q2  
You are here: 　 Home

Nairobi bourse's key index hurtles towards five-year low

Xinhua, July 28, 2016 Adjust font size:

Nairobi Securities Exchange (NSE) 20 Share Index hurtled towards a five-year low Wednesday, hurt by continuing poor performance of top stocks.

The index closed the trading session at 3,475.38, 18.65 points lower after crossing below the 3,500 mark Tuesday.

Save for leading telecom Safaricom that went up to trade at an average of 0.19 U.S. dollars, Equity Bank which gained 3 percent to trade 0.39 percent and KenolKobil which rose marginally to trade at 0.11 percent, the rest of the 20 stocks plunged.

Some 49 million shares valued at 7.7 million dollars were traded Wednesday, up from 27 million worth 6 million dollars.

The increased trading was mainly boosted by KenolKobil, which moved 26 million shares of the over 30 million traded in the energy and petroleum category to end as the top mover.

Safaricom, on the other hand, moved 5 million shares.

In the banking sector, a total of 13 million shares were traded with Cooperative Bank, moving 5.2 million shares at an unchanged price of 0.14 dollars.

The rise in general performance of the bourse saw the All Share Index end 0.50 points higher to stand at 141.43 while the NSE 25 Share Index was up 30 points to stand at 3,910.90.

At the bonds market, trading declined slightly to 19 million dollars from 22 million dollars posted the previous session. Endit