Off the wire
• Ethiopian parliament to endorse proposal for gov't reshuffling  • Ukraine's agricultural exports exceed 9 bln USD in January-August  • French consumers more confident in October: Insee  • China to strengthen Party building in Internet enterprises  • U.S. stocks open lower amid downbeat earnings  • Ukraine's industrial output up 2 pct in January-September  • China to launch 2nd national census on pollution sources  • S. African economic growth forecast to grow 0.5 pct this year  • Egypt slams Foreign Affairs magazine article over criticizing country's policies  • Sailor held hostage by Somali pirates returns to Taiwan  
You are here: 　 Home

Nairobi bourse investors eye Safaricom ahead of financial results

Xinhua, October 26, 2016 Adjust font size:

Equity turnover at the Nairobi Securities Exchange (NSE) stood at 2.9 million U.S. dollars on a volume of 17 million shares Wednesday, a marginal drop from 13 million valued at 3 million dollars in the previous session as Safaricom dominated (50 percent) trading.

The leading telecom operator attracted mainly foreign inflows to move 8.9 million shares at 0.19 dollars, up from 1.5 million and 4.9 million shares on Tuesday and Monday respectively.

Investors, according to stockbrokers, are warming to the shares as they position themselves ahead of the company's announcement of interim financial results for the six months period ended Sept. 30 on Nov. 4.

Kenya Airways, which was the second top trader, appeared to have slowed down Wednesday, gaining only 2 percent from 9 percent previous day to move 2 million shares at 0.07 dollars.

The banking sector had 2.1 million shares traded which represented 13 percent of the day's traded volume, with Barclays Bank moving 396,000 shares at 0.08 dollars.

The NSE 20 Share Index was down 0.69 points to stand at 3,204.69, while the All Share Index (NASI) ended 0.06 points lower to settle at 136.58 and the NSE 25 Share Index was down 2.00 points to stand at 3,603.86.

The bond market had securities worth 34 million dollars transacted compared to 27 million registered Tuesday. Endit