Kenyan bourse key indices shed off points as bear run persists

0
A man walks past an electronic board showing the stock index in Tokyo, Japan, Feb. 4, 2014. Tokyo stocks tumbled on Tuesday, with the Nikkei index ending 4.18 percent lower, hitting the lowest closing level since last October. The 225-issue Nikkei Stock Average dived 610.66 points, from Monday at 14,008.47, its lowest finish since Oct. 8. (Xinhua/Stringer)
A man walks past an electronic board showing the stock index in Tokyo, Japan, Feb. 4, 2014. Tokyo stocks tumbled on Tuesday, with the Nikkei index ending 4.18 percent lower, hitting the lowest closing level since last October. The 225-issue Nikkei Stock Average dived 610.66 points, from Monday at 14,008.47, its lowest finish since Oct. 8. (Xinhua/Stringer)

The bear run at the Nairobi Securities Exchange (NSE) continued on Wednesday with key indices shedding off more points.

The indicative NSE 20 Share Index went down 25.91 points to close at 3,745.01. The index shed 30.73 points on Tuesday.

At least 13 stocks that make the index declined by between 0.3 percent and 6.5 percent, five remained flat while only two went up albeit marginally.

Those that declined included Equity Bank, Safaricom, Kenya Airways, Barclays Bank and British American Tobacco.

Similarly, the Nairobi All Share Index (NASI) declined to 184.85 from 186.85 points, a drop of 1.1 percent.

The most-traded stocks were Safaricom (20 million shares), Equity Bank (3.1 million), Britam (3.06 million), Kenya Commercial Bank (1.7 million) and KenolKobil (1.6 million).

Market turnover increased by 43 percent to 9.6 million U.S. dollars. Enditem

Send your news stories to [email protected] and via WhatsApp on +233 244244807
Follow News Ghana on Google News

LEAVE A REPLY

Please enter your comment!
Please enter your name here