Kenya's bourse turnover doubles as key index falls

Source: Xinhua| 2018-01-03 23:49:37|Editor: yan
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NAIROBI, Jan. 3 (Xinhua) -- Kenya's Nairobi Securities Exchange (NSE) recorded mixed fortunes on Wednesday as turnover more than doubled but the benchmark index declined considerably.

Turnover stood at 4 million U.S. dollars on a volume of 16 million shares from 7.1 million worth 1.9 million dollars on Tuesday.

The NSE 20 Share Index, however, declined 28.02 points, the biggest margin so far, to close at 3,676.48 points.

The drop was a continuation from Tuesday where it started the year on a losing streak by going down 7.43 points. On the other hand, the NSE All share Index (NASI) was down 0.18 points to close at 170.98 points.

Safaricom, Equity Bank, Kenya Commercial Bank (KCB), KenolKobil and East African Breweries Ltd (EABL) accounted for 94 percent of the total turnover.

However, the most traded counters were Safaricom, Equity Bank, KCB, KenolKobil and Home Afrika moving 8.3 million, 1.7 million, 1.5 million, 1.3 million and 500,000 shares respectively.

Foreign investors once again dominated trading on Wednesday, with their participation standing at 83 percent and local's stood at 17 percent.

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