Mixed fortunes in Kenya’s bourse Thursday


Kenya’s Nairobi Securities Exchange (NSE) recorded mixed performance on Thursday as both turnover and All Share Index rose but the large stocks indicator declined.

Turnover increased 31 percent to stand at 8.6 million U.S. dollars on a volume of 27 million shares from 19 million worth 6.7 million dollars on Wednesday.

The NSE 20 Share Index, on the other hand, fell 3.04 points to close at 3,710.16 as the NSE All Share Index (NASI) gained 1.11 points to close at 180.55 points.

Safaricom, Equity Bank, Diamond Trust Bank, Kenya Commercial Bank (KCB) and Cooperative Bank accounted for 68 percent of the total turnover.

The most traded counters, however, were Safaricom, Cooperative Bank, KenolKobil, Equity Bank and KCB moving 6.6 million, 3.9 million, 3.7 million, 3.3 million and 2.2 million shares respectively.

Foreign investors were net sellers, accounting for 54 percent of the total market sales and 49 percent of purchases.

At the bond section, turnover went down to stand at 13 million dollars from 45 million dollars in the previous session. Enditem

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