by Bedah Mengo
NAIROBI, Sept. 22 (Xinhua) -- Kenya's Nairobi Securities Exchange (NSE) closed the week Friday on a low as both turnover and key indices dropped considerably.
The benchmark NSE 20 Share Index declined 12.65 points to close at 3,764.44 points while the NSE All share Index (NASI) was down by 0.11 points to close at 165.91 points. The NSE 25 Share index, however, went up to stand at 4,307.07.
Turnover declined 61 percent to close at 2 million U.S. dollars on a volume of 10 million shares down from 15 million shares worth 5.6 million dollars in previous session.
Kenya Commercial Bank (KCB), Safaricom, Cooperative Bank, Centum and Equity Bank accounted for 79 percent of today's total turnover.
However, the most traded counters were Safaricom, KCB, Mumias, Cooperative Bank and Home Afrika, moving 2.6 million, 1.7 million, 900,000, 800,000 and 700,000 shares respectively.
Foreign participation stood at 43 percent and local participation stood at 57 percent, with the latter mainly responsible for the fall as they cut trading.
The bond market recorded a rise as securities worth 23 million dollars were traded up from 8 million dollars.
However, despite the surge, weekly turnover declined with bonds worth 65 million dollars transacted compared to 132 million dollars registered the previous week. Enditem
