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Nairobi bourse attracts more inflows despite stifled trading

Xinhua, November 8, 2016 Adjust font size:

The Nairobi Securities Exchange (NSE) opened the week Monday with 19.6 million shares valued at 4.5 million U.S. dollars traded, down from 28 million worth 5.8 million dollars last Friday in a session foreign investors bought more than they sold.

Centum Investment, Kenya Commercial Bank (KCB), Equity Bank and Safaricom were some of the stocks that attracted foreign inflows.

The foreign investors' participation at the bourse stood at 64.2 percent and accounted for 68 percent of total buying compared to 61 percent selling.

Safaricom, Kenya's leading telecom operator, was the top mover overall, trading 5.7 million shares traded at 0.21 dollars.

In the banking sector, some 8 million shares were traded to represent 41.2 percent of the day's traded volume. Under the category, Equity Bank actively moved 3.1 million shares at 0.31 dollars while KCB 1.7 million shares at 0.28 dollars.

The energy sector moved 2.3 million shares, which accounted for 12 percent of the day's traded volume, with KenolKobil touching a 12-month high of 0.12 dollars to trade 1.5 million shares.

Kenya Airways, in the commercial sector, moved 1.7 million shares traded at 0.07 dollars of the 1.9 million total traded in category.

The NSE 20 Share Index was down 2.93 points to stand at 3,248.54. On the other hand, the All Share Index (NASI) shed 1.01 points to settle at 140.49 while the NSE 25 Share Index dropped 24.99 points to stand at 3,687.75.

The bond market registered improved activity with securities worth 18 million dollars transacted compared to 14 million dollars posted the previous session. Endit