Nairobi bourse equity turnover falls on stifled foreign trading

Turnover at the Nairobi Securities Exchange (NSE) declined 63 percent Monday, pushed down by stifled foreign trading.

The foreign investors’ participation stood at 49 percent down from 52 percent in the last session.

Safaricom, Kenya’s leading telecom was the top traded stock but moved 10.5 million shares at unchanged price of 0.25 dollars. In the previous session, the telecom moved 42 million shares.

The benchmark NSE 20 Share Index went up marginally Monday to stand at 3,469.08 from 3,468.68, while the Nairobi All Share Index ended the day at 150.42 from 150.50. Enditem

Source: Xinhua/NewsGhana.com.gh

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