Nairobi bourse maintains decline amid political uncertainty

Source: Xinhua| 2017-10-13 01:02:39|Editor: huaxia
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NAIROBI, Oct. 12 (Xinhua) -- At least 11 large stocks at the Nairobi Securities Exchange (NSE) declined Thursday, pushing down the NSE 20 Share Index, as Kenya's political uncertainty continued to bleed the market.

The benchmark index on Thursday shed 4.66 points to close the trading at 3,640.14, which was, however, a lower drop than the previous session's 52 points.

Some of the big shares that declined included Safaricom, Kengen, Britam, Kenya Airways, Scangroup and Centum.

Safaricom, Kenya's leading telecom, was the top traded stock after moving 6.1 million shares at a declined price of 0.24 U.S. dollar, a 1-percent drop.

Athi River Mining Cement came second with 2.7 million shares after remaining unchanged at 0.13 dollars.

Turnover declined 68 percent to 2.5 million dollars on a volume of 12 million shares from 20 million shares worth 8 million dollars in previous session.

Foreign investors' participation stood at 71 percent while local at 29 percent as bond turnover declined to 6 million dollars from 11 million dollars.

Market capitalization, which measures shareholders wealth, similarly declined to 23 billion dollars from 23.2 billion dollars. Enditem

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