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Nairobi bourse bear-run pushes 20 Share Index below 3,450 points

Xinhua, August 13, 2016 Adjust font size:

The Nairobi Securities Exchange (NSE) 20 Share Index closed the week below 3,450 points as the market's bear-run kept investors away.

The benchmark index that tracks the performance of 20 top stocks ended Friday at 3,449.44 points, a 32 points decline from a similar period last week.

Following Friday's drop, the 20 share index stood at 14 percent lower compared to a similar period last year.

A total of 19 million shares valued at 5.2 million U.S. dollars were traded from Thursday's 12 million worth 2.7 million dollars.

Britam, in the insurance sector, was the top traded counter moving 4.6 million shares at 0.13 dollars. Athi River Mining, categorised in the manufacturing sector, was the second best moving 2.1 million shares at 0.31 dollars.

Scangroup in the commercial sector traded 1.7 million shares at 0.15 dollars to claim the third position. Kenya's leading telecom Safaricom was edged from the top spot to the fourth as it traded at 0.20 dollars on a volume of 1.5 million shares.

At the bond market, securities worth 12 million dollars were traded, 9 percent lower than in Thursday's session. Endit