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Nairobi bourse turnover down as foreign investors abstain trading

Xinhua, February 2, 2017 Adjust font size:

Turnover at the Nairobi Securities Exchange (NSE) declined Thursday to 2.5 million U.S. dollars on a volume of 11 million shares from the previous session's 72 million valued at 14 million dollars as foreign investors abstained from trading.

The foreign investors cut participation at the bourse during the session to 45 percent from 91 percent on Wednesday.

Safaricom, Kenya's leading telecom operator, was the day's biggest mover, trading 4 million shares at unchanged price of 0.18 dollars. Wednesday, the firm traded 72 million shares as it rallied the bourse from a losing streak.

Home Afrika was the day's second best share traded as it transacted 1.3 million shares at a declined price of 0.01 dollars.

Cooperative Bank was the third best stock on the top five list, moving a million shares at unchanged price of 0.11 dollars.

Athi River Mining and KenolKobil closed the list of the most traded stocks Thursday after moving 913,500 and 656,500 shares respectively.

The benchmark NSE 20 Share Index rose marginally to sustain gains in the past two sessions, closing the day at 2,833.09 from 2,801.85.

The All Share Index (NASI) edged up to close the day lower at 123.43 from 122.77 while the NSE 25 Share Index ended at a high of 3,174.11 from 3,151.68. Endit