Kenya’s bourse starts week low on declined foreign activity


Trading at Kenya’s Nairobi Securities Exchange (NSE) started the week low on Monday as both turnover and the key indices declined.

Turnover stood at 3 million U.S. dollars from 11 million dollars on Friday mainly due to declined foreign activity.

The foreigners were mainly net sellers of Safaricom, as they cut both sales and purchases.

The NSE 20 Share Index was down 17.26 points to close at 3,690.50 points, a downward turn after going up last week on Friday. On the other hand, the NSE All share Index (NASI) was down 1.62 points to close at 170.59 points.

Kenya’s leading telecom Safaricom, Nation Media Group, Kenya Commercial Bank (KCB), Bamburi and East African Breweries Ltd accounted for 83 percent of the total turnover. Enditem

Source: Xinhua/

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