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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Slow trading day at Nairobi bourse as turnover, key index decline   

NAIROBI, (Xinhua) -- Some 32 million shares worth 6.7 million U.S. dollars were traded at the Nairobi Securities Exchange (NSE) in a slow trading day on Wednesday, a decline from 43 million shares worth 10 million dollars.

Kenya’s leading telecom Safaricom was the top traded stock in the session, moving 13 million shares, down from 17 million on Tuesday at 0.23 dollars, a marginal rise.

Cooperative Bank came second, trading 5.9 million shares at 0.14 dollars, a rise of 2.4 percent as it sustained an upward trend.

At the third spot was Kenya Power which traded 2.1 million shares at unchanged price of 0.07 dollars.

The NSE 20 Share Index ended the day 4.5 points lower to close at 3,674.96 from 3,679.43 in the previous session pulled down by drop in prices of some large stocks, including British America Tobacco and Kenya Commercial Bank.

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Kenya’s bourse key index rises as large stocks gain    

NAIROBI, (Xinhua) -- Nairobi Securities Exchange (NSE) benchmark index rose 21 points Tuesday to close at a new high following increase in prices of various large stocks.

The NSE 20 Share Index ended the day at 3,679.43 from 3,658.65 in the previous session boosted by rise in prices of KenolKobil, Equity Bank and Cooperative Bank, among others.

However, turnover went down marginally as 43 million shares worth 10 million U.S. dollars were traded from the same volume worth 11 million dollars on Monday.

Safaricom, Kenya’s leading telecom was the top traded stock in the Tuesday session after moving 17 million shares, a decline from 19 million on Monday at unchanged price of 0.23 dollars.

At the second spot was Equity Bank, which traded 9.2 million shares at 0.40 dollars, a rise of 3.2 percent.

Electricity generator Kengen traded 4.1 million shares at unchanged price of 0.07 dollars to clinch the third spot while Cooperative Bank came fourth with 2.2 million shares at 0.14 dollars, an increase of 2 percent.

Regional oil marketer KenolKobil closed the list of the five most traded stocks during the session by moving 1.5 million shares at 0.15 dollars, a huge rise of 6.4 percent.

Turnover at the secondary bond market, however, rose as securities worth 16 million dollars were traded, an increase from 11 million dollars in the previous session. 

             

 

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