Off the wire
• Authority of CPC Central Committee should be firmly upheld: communique  • Hollywood blockbuster producers ordered to pay to Chinese scenic area  • Nigeria confirms return of 39 missing soldiers  • Philippine president says to review military deal with U.S.  • Ukraine's central bank downgrades economic growth outlook for next two years  • Kenyan scientists on track to develop virus-resistant cassava  • EU welcomes Belgian parliaments' agreement on CETA  • NATO moves forward cooperation with EU to curb illegal migration  • China land prices increase in Q3  • Chinese scientists decode technology on Tiangong-2  
You are here: 　 Home

Nairobi bourse investors sell off banks stocks

Xinhua, October 27, 2016 Adjust font size:

Some 20 million shares valued at 2.8 million U.S. dollars were traded at the Nairobi Securities Exchange (NSE) Thursday, from 17 million on a volume of 2.9 million dollars in the previous session, with investors offloading mainly banks stocks.

Barclays Bank and Kenya Commercial Bank were among the top five traders Thursday after going up 3.2 percent and 0.9 percent respectively to 0.08 dollars and 0.27 dollars on a volume of 4.3 million and 2.4 million shares. However, they mainly attracted foreign outflows.

In total, the banking sector had 7.3 million shares traded to account for 35 percent of the day's traded volume.

Safaricom, Kenya's leading telecom operator, was the day's top mover, trading 6 million shares at unchanged price of 0.20 dollars.

The energy sector had 2.7 million shares traded to represent 13 percent of the day's traded volume, with Kengen to emerge the third top mover.

Kenya Airways, under the commercial sector, fell for the first time in many days, an indication that its rebound may have reached the peak. The firm moved 2 million shares as its price went down 8 percent to 0.05 dollars.

The NSE 20 Share Index closed the day down 3.14 points to stand at 3,201.55. The All Share Index (NASI) edged up 0.24 points to stand at 136.82 while the NSE 25 Share Index added 13.41 points to stand at 3,617.27.

At the bond market, securities worth 34 million U.S. dollars were transacted. Endit