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Foreign sales dominate Nairobi bourse trading for second day

Xinhua, October 13, 2016 Adjust font size:

Equity trading at the Nairobi Securities Exchange (NSE) declined Wednesday to 5 million U.S. dollars on a volume of 19 million shares from 23 million worth 6.4 million dollars as foreign investors continued to take money out of the bourse for the second day.

Kenya Commercial Bank (KCB), whose price was unchanged at 0.27 dollars, recorded the highest outflows as it moved 6.4 million shares.

Leading telecom operator Safaricom was the second, moving 3.6 million shares at a declined price of 0.19 dollars.

Equity Bank was the third top trader, moving 2 million shares mainly in foreign sales after remaining unchanged at 0.30 dollars. In total, the banking sector traded 9.8 million shares, which represented 50 percent of the day's traded.

The energy sector moved 2.1 million shares, which accounted for 11 percent of the day's traded volume, while in the construction sector, some 1.6 million shares were moved

Rise of prices of some stocks in the 20 share index, including Bamburi and Scangroup, saw the NSE 20 Share Index go up 5.19 points to stand at 3,247.11.

On the other hand, the All Share Index shed 0.15 points to settle at 137.03 while the NSE 25 Share Index was down 3.15 points to stand at 3,627.43. Endit