All key indices of the Nairobi Securities Exchange (NSE) fell Monday as investors deserted the bourse following the weekend's bloody terror attack at a shopping mall here. NSE analysis indicated the volume of shares traded dropped 50 percent. A total of 14 million shares were traded Monday, half last Friday's trade. The drop led to a decline in equity turnover of 48 percent. Turnover stood at 3.2 million U.S. dollars, down from 6.1 million dollars on Friday, the previous trading day. The NSE 20 share index dropped 0.26 percent Monday, while the NSE All Share Index went down 0.34 percent. Similarly, market capitalisation, which measures shareholders' wealth, dropped marginally to 20 billion US dollars, from 20.1 billion dollars last Friday. However, despite the poor show, analysts said many had expected worse following the terror attack at the Westgate Shopping Mall in which at least 62 people were killed by gunmen. Most of the investors who took part in trading Monday were locals, according to NSE. Foreign investors largely reduced their activities. Of all the categories, the telecommunications sector was the most active Monday, representing 66 percent of the day's trading volume. It was followed by the banking sector, which traded a paltry 2.2 million shares, or 15.8 percent of the day's trading volume. "Barclays Bank moved 651,000 shares and closed at 0.20 dollars, EquityBank and Kenya Commercial Bank traded 416,700 shares each, with the former closing the day at 0.39 dollars and the later at 0.51 dollars," the NSE said. The energy and petroleum sector traded 720,000 shares, or 5.06 percent of the day's trading volume. Activities at the bond market also declined significantly, with trading down 29 percent. On Monday, the bond market transacted bonds worth 5.8 million dollars, down from 8 million dollars last Friday.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor