Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Investors offload banks, telecom shares in stifled Nairobi stock trading

11 August 2016, 14:39

Nairobi - The Nairobi Securities Exchange (NSE) for the third straight day recorded stifled trading Wednesday as cautious foreign investors sold mainly banking, energy and telecommunication sector shares.

Some 11 million shares valued at 2.3 million U.S. dollars were traded, down from 16 million shares valued at 3.3 million dollars Tuesday.

Kenya's leading telecom Safaricom was the top mover, trading 4 million shares that were largely foreign sales at an unchanged price of 0.2 dollars.

The banking sector cumulatively moved 2.8 million to represent 25 percent of the day's traded volume.

Under the category, Kenya Commercial Bank Group had 1.5 million shares changing hands at 0.32 dollars while Cooperative Bank was unchanged at 0.14 dollars to move 680,000 shares.

In the energy and petroleum sector, some 2.5 million shares were traded, with KenolKobil actively moving all the shares that were mainly foreign sales at a high of 0.11 dollars.

The indicative NSE 20 Share Index Wednesday went up 4.12 points to stand at 3,463.22, while the All Share Index was up 0.30 points to stand at 143.93 and the NSE 25 Share Index shed 1.18 points to settle at 3,929.57.

The bond market recorded a drop of 24 percent as securities worth 5.9 million dollars were transacted, compared to 7.6 million Tuesday. Enditem

- Xinhua


Read more from our Users

Submitted by
Wilson Ochieng
DP Ruto accuses Raila of selling ...

DP Wiliam Ruto has castigated Raila Odinga for seeking western support to fund his 2017 election bid. Read more...

Submitted by
William Korir
Peter Kenneth announces Uhuru 201...

Peter Kenneth has announced that he will support President Uhuru Kenyatta in the 2017 elections. Read more...

Submitted by
Wilon Ochieng
Labour Party to dump both Jubilee...

The Labour Party of Kenya is likely to avoid supportoing both the CORD and Jubilee factions during the 2017 General Elections. Read more...

Submitted by
William Korir
Ukambani MP quits Jubilee, to run...

An Ukambani MP has quit the Jubilee Party, citing voter apathy as his reason behind leaving the ruling coalition. Read more...

Submitted by
Victor Tinto
Government launches probe into Po...

The government has launched an inquiry into the circumstances that could have led to two National Police Service helicopter accidents in August and September this year. Read more...

Submitted by
Wilwon Ochieng
Deputy Governor's ally found with...

The EACC has recovered KES 2 million in fake currency from a close ally of Deputy Governor for Tharaka Nithi Eliud Mati. Read more...