Equity trading at the Nairobi Securities Exchange (NSE) more than halved this week as foreign investors who constitute the bulk of traders, exited the market.
Some 86 million shares valued at 2.7 billion shillings (26.5 million U.S. dollars) were transacted, down from 178 million shares worth 58 million dollars the previous week.
The NSE 20 share index was down 64.91 points during the week to stand at 2,652.95 while the All Share Index (NASI) ended the week 5.01 points lower to settle at 155.98.
Similarly, the NSE 25 Share index shaved-off 105.37 points to stand at 3,852.06.
The top trading stocks were Safaricom, which was the week’s main mover with 37.6 million shares, and those of banks, which accounted for 50 percent of the traded value. The stocks topped the list from which foreigners exited.
But as equities market slumped, the bond segment registered the improved activity with securities worth 141 million dollars transacted, up from 128 million dollars posted in the previous session. Enditem
