Turnover at Kenya’s Nairobi Securities Exchange (NSE) ended the week low on Friday despite foreigners returning at the market to dominate trading.
Foreign participation stood at 80 percent up from 65 percent in the previous session while local participation stood at 20 percent. The foreigners, however, were mainly net buyers trading leading telecom Safaricom.
However, equity turnover dropped to 5.5 million U.S. dollars on a volume of 19.2 million shares from 8.5 million dollars on a volume of 23 million in the previous session.
Mobile operator, Safaricom, Equity Bank, Kenya Commercial Bank (KCB), Centum and the bourse itself, the NSE, accounted for 95 percent of the total turnover.
The most traded counters were Safaricom, Equity Bank, KCB,moving 12.9 million, 2.4 million, 1.2 million shares respectively.
The NSE 20 Share Index was up 10.92 points to close at 3,815.61 points from 3,804.69 reversing a negative trend as some large stocks rose.
Similarly, the NSE All share Index (NASI) was up by 0.16 points to close at 173.08 points.
At the bond market, turnover dropped 52 percent to end the day at 14 million dollars down from 30 million dollars in the previous session. Enditem