NAIROBI, Oct. 10 (Xinhua) -- All the key indices of the Nairobi Securities Exchange (NSE) declined Tuesday as trading dropped 56 percent on a day Kenya was thrown into a deeper political crisis.
Opposition National Super Alliance presidential candidate Raila Odinga withdrew from Oct. 26 repeat polls, citing failure to carry out reforms at the electoral commission.
Turnover at the securities market stood at 2 million U.S. dollars on a volume of 8.4 million shares from the previous day's 17 million worth 4.7 million dollars.
The NSE 20 Share Index similarly declined 16 points to stand at 3,696.77. Monday, the index had gained 19.2 points.
On the other hand, the All Share Index (NASI) closed at 160.85 down from 161.03. This was a reversal from Monday where the index had gained 0.32 points.
Foreign investor participation declined to 48 percent down from 82.3 percent the previous day as local investors dominated.
The top traded stocks were Equity Bank and Cooperative Bank after moving 2.6 million and 2.3 million shares respectively.
Kenya's leading telecom Safaricom was the third best traded stock as it moved 1.2 million shares.
Mumias Sugar and Kengen closed the list of the top five traded stocks after moving 408,500 and 289,000 shares.
At the bond market, turnover declined to 7 million dollars down from 11 million dollars in the previous session. Enditem
