Kenya’s bourse trading declines as foreigners retreat

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Stocks
Stocks

Foreign investors retreated from the Nairobi Securities Exchange (NSE) on Thursday pushing down trading.

The investors, who were net sellers, cut both purchases and sales to account for 42 percent of trading as local investors’ participation rose to 58 percent.

Turnover stood at 6 million U.S dollars, down from 9.2 million dollars on Wednesday.

The NSE 20 Share Index declined marginally to end the day at 3,695.41 from 3,696.15 points on Wednesday.

The NSE All share Index (NASI) recorded positive growth after days of declining to close the day at 171.36 from 169.99.

The most traded counters were Safaricom, HomeAfrika, hospitality firm TPSE, KenolKobil and Britam after moving 11.6 million, 5 million, 2 million, 1.8 million and 706,900 shares respectively.

At the bond market, turnover went up marginally to 15 million dollars from 13 million dollars. Enditem

Source: Xinhua/NewsGhana.com.gh

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