Nairobi Securities Exchange (NSE) slumped on Wednesday as equity turnover and key indices went down.
Turnover declined 14.3 percent to settle at 8.8 million U.S. dollars on a volume of 29 million shares, a drop from 38.4 million shares worth 10 million dollars on Tuesday.
The benchmark NSE 20 Share Index went down 0.2 percent to end the session at 3,721.07 down from 3,728.51 points. On Tuesday, the index rose 20.84 points.
Similarly, the NSE All Share Index (NASI) decreased with a similar margin to stand at 173.76 from 173.93 on Tuesday while the NSE 25 Share Index declined considerably to close at 4,340.44 from 4,350.33.
Kenya’s leading telecom Safaricom dominated the Wednesday trading session as it moved 12.9 million shares, followed by insurance firm KenyaRe 5 million and Equity Bank at 3 million.
Jubilee Insurance recorded the highest net foreign inflows as Kenya Airways was among the top gainers following reports that the national carrier would begin direct flights to New York in October.
Foreign investors were active on both the buy (79 percent) and sale (90 percent) counters as they dominated the session by accounting for 85 percent of trading. Enditem