Arab Today, arab today kenyas bourse turnover swells 96as foreign investors increase buys
Last Updated : GMT 08:31:43
Arab Today, arab today
Arab Today, arab today

Kenya's bourse turnover swells 96 % as foreign investors increase buys

Arab Today, arab today

Arab Today, arab today Kenya's bourse turnover swells 96 % as foreign investors increase buys

Nairobi - Xinhua

Equity turnover at the Nairobi Securities Exchange (NSE) surged 96 percent Monday to 8 million U.S. dollars from 24 million shares with Kenya's leading telecom Safaricom moving nearly half of the stocks traded.

In the last trading session Friday, turnover stood at 4.1 million dollars from 32 million shares as prices of key stocks, including Safaricom fell.

The telecom, however, Monday rebounded going up 1.2 percent to close slightly above 0.17 dollars from 0.16 dollars on a volume of 11.4 million shares.

The share has failed to beat the 0.18 dollars level it hit last year despite the telecom announcing a 320 million dollars profit last month, giving investors hope of reaping big.

The second top mover Monday was Equity Group Holding, trading 5.3 million shares at an unchanged price of 0.39 dollars.

Equity Group Holding and Safaricom shares dominated foreign investors' buys, with the foreigners, whose participation at the bourse stood at 68 percent, buying more than selling the stocks.

Kenya Commercial Bank (KCB) Group came third after moving 2.2 million shares with the price going up 0.67 percent to 0.37 dollars.

Other top movers were surprise entrant Sasini with 1.7 million shares and Cooperative Bank at 1.1 million shares.

The NSE 20 Share Index went down 0.36 points to close at 3,801.03 while the NSE All share Index was up 0.35 points to close at 143.84. The NSE 20 Share Index has declined by about 6 percent or at least 980 points in the last one year.

Analysts have attributed the decline to drop in share prices of key stocks as foreign investors reduced their trading leaving 15 of the top 20 largest stocks in the red.

The NSE, which Monday elected a new board chairman and three directors, has retreated by at least 5 percent this year, making it difficult for investors to get yields. 

source : xinhua 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kenyas bourse turnover swells 96as foreign investors increase buys Arab Today, arab today kenyas bourse turnover swells 96as foreign investors increase buys

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people

GMT 17:28 2017 Monday ,27 March

Vietnam's capital Hanoi stock index ends up

GMT 16:09 2017 Monday ,27 March

Seoul shares end lower

GMT 13:54 2017 Monday ,27 March

Bahrain Bourse daily trading report

GMT 11:48 2017 Sunday ,26 March

US stocks decline on Trump policy uncertainty

GMT 19:32 2017 Saturday ,25 March

US Stocks Close Mixed
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 06:04 2017 Tuesday ,28 March

Saudi Arabia ranks 3rd globally for smartphone use

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday