NAIROBI, Aug. 5 (Xinhua) -- Trading at the Nairobi Securities Exchange (NSE) slowed down in the second quarter as foreign investors exited the market due to global jitters, latest report from the Capital Markets Authority (CMA) showed on Monday.

Equity turnover during the period of April to June stood at 32.89 billion shillings (322 million U.S. dollars), down from 450 million dollars registered in the first quarter.

"This was a decline of 27.3 percent, confirming reduced activities at the bourse during the quarter," according to the report.

The number of shares traded during the period similarly decreased to 1.1 billion from 1.4 billion in the first quarter.

During the quarter, foreigners sold more shares than they bought as they exited the market. Foreign sales stood at 374 million dollars as compared to 343 million dollars of buys.

During the second quarter, 3,591 new accounts were opened compared to 3,963 in quarter one, reflecting a 9.4 percent decline, said CMA.

Analysts at Genghis Capital have blamed the stifled activities at the bourse, which have continued in July, to cautiousness among foreign investors amid the continuing U.S.-China trade tussle. Enditem

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