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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Nairobi bourse benchmark index rises above 3,000 points

NAIROBI (Xinhua) -- All the key indices of the Nairobi Securities Exchange (NSE) on Tuesday registered improved performance, with the NSE 20 Share Index gaining 17.20 points to cross above the psychological 3,000 mark.

The index closed at 3,007.90 the first time in as many weeks following a rise in share prices of at least 13 stocks.

Similarly, the All Share Index (NASI) inched up 0.58 points to settle at 127.78 and the NSE 25 Share Index was up 21.03 points to stand at 3,376.68.

Some 23 million shares valued at 4.6 million U.S. dollars were traded, down from 32 million worth 5.2 million dollars in the previous session.

The banking sector traded shares worth 3.4 million dollars and accounted for 73 percent of the day’s traded value.

Equity Bank was the most actively traded stock during the session exchanging 5.8 million shares at a high of 0.30 dollars.

Barclays Bank moved 3.4 million shares at 0.08 dollars to be the second best stock while Kenya Commercial Bank went up 0.8 percent to trade at 0.31 dollars and move 2.6 million shares and Cooperative Bank moved 2.3 million shares valued at 0.14 dollars.

Leading telecom operator Safaricom, which did not feature among top five stocks, saw a paltry 511,000 shares valued traded at 0.18 dollars.

The bonds market had bonds worth 12 million dollars transacted down from 11 million shares.  

 

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