Kenya’s bourse turnover declines as foreign investors raise sales

stock market
stock market

Turnover at the Nairobi Securities Exchange (NSE) on Thursday went down 50 percent as foreign investors sustained sales.

The market recorded a turnover of 5.6 million U.S. dollars, down 11 million dollars in the last session.

Foreign investors, whose participation during the session stood at 66 percent, were net sellers mainly disposing banking and telecom stocks.

The top traded stock was insurance firm CFC (Liberty Holdings) with 5.8 million shares at 0.14 dollars, a decline of 0.4 percent.

Equity Bank and Cooperative Bank followed after trading 5.1 million and 2.9 million shares at declined prices of 0.43 dollars and 0.17 dollars respectively.

The drop in prices of large stocks pushed the benchmark 20 Share Index down 23.45 points to close at 4,045.89 while the NSE All share Index (NASI) was down 0.71 points to close at 166.08 points.

At the bond market, turnover however surged to 27 million dollars from 15 million dollars in the previous session. Enditem

Source: Xinhua/

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