Kenya’s bourse starts week low as main indicators dip


Kenya’s Nairobi Securities Exchange (NSE) indicative index and turnover started the week low on Monday as both declined in a session foreigners cut both buys and sales.

The benchmark NSE 20 Share Index declined 5.75 points to close at 3,707.66 points, reversing a positive trend that saw it end last week on Friday at 3,713.41.

Similarly, the NSE All share Index (NASI) was down 0.24 points to close at 173.93 points.

On the other hand, a total of 12.2 million shares worth 3.6 million U.S. dollars were traded down from 19.3 million valued at 6.1 million dollars on Friday last week.

Safaricom, British American Tobacco, East African Breweries Ltd, KenolKobil and Equity Bank accounted for 85 percent of the day’s total turnover.

The most traded counters were Safaricom, KenolKobil, Kengen, Mumias Sugar Company and Equity Bank, moving about 6.9 million, 1.4 million, 1 million, 400,000 and 300,000 shares respectively.

At the bond market, turnover more than doubled to 44 million dollars from 21 million dollars in the previous session. Enditem

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