July 10 (Bloomberg) -- Kenya’s price-weighted All-Share Index fell for a fourth day, retreating 0.1 percent to 57.67 points at 9:50 a.m. in Nairobi.

The shares of 14 companies advanced, 13 fell and 28 were unchanged. The following were among the most active stocks on the Nairobi Stock Exchange today.

Co-operative Bank of Kenya Ltd. (COOP KN), the fourth- largest lender by assets, declined 3.1 percent to 9.5 shillings, retreating for a second day.

“It is mainly profit taking,” said Eric Kimanthi, an analyst at Nairobi-based Kestrel Capital East Africa Ltd., by phone from the city. “It had a quick run from 6 shillings to 12 shillings.”

Kenya Reinsurance Corp. (KNRE KN), the state-owned reinsurer, declined 4.4 percent to 12.05 shillings

“People are a bit concerned about its outlook in terms of profitability growth,” Kimanthi said. “Last year growth came mainly from the re-evaluation of assets which is sort of a non- recurring benefit.”

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net

Last Updated: July 10, 2009 03:30 EDT