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Nairobi bourse turnover flat despite high foreign investors input

Xinhua, May 3, 2017 Adjust font size:

Some 21 million shares worth 4.6 million U.S. dollars were traded Wednesday at the Nairobi Securities Exchange as turnover remained flat despite foreign investors' raising their participation to 75 percent.

Safaricom, Kenya's leading telecom operator, was the top trader after moving 15 million shares as it sustained an upward trend going up marginally to 0.19 dollars.

The telecom was the day's biggest mover Tuesday trading 7.2 million shares. Cooperative Bank came in second with 1.6 million shares at unchanged price of 0.14 dollars.

The rest of the day's top five stocks did not move more than 1 million shares, with Diamond Trust Bank moving 725,600 while Kenya Commercial Bank came fourth with 673,900 and while HomeAfrika clocked at 559,900 shares.

Prices of at least seven stocks went up with Eveready recording the highest jump of 8.6 percent, Nation Media Group 4.6 percent, followed by Kengen at 3 percent.

The NSE 20 share Index closed Wednesday at 3,134.15 down from 3,128.69 while the All share Index (NASI) ended at 134.07 from 133.50 in the previous session boosted by rise in price of key stock.

The bond market trading was equally flat with bonds worth 21 million dollars transacted, similar to the previous session. Endit