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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Local investors lift Nairobi Securities Exchange turnover   

NAIROBI (Xinhua) -- Equity turnover at the Nairobi Securities Exchange (NSE) on Friday rose 209 percent to 13 million U.S. dollars on a volume of 35 million shares, up from 14 million shares worth 4.2 million dollars, boosted by vibrant local investors’ trading.

The investors’ participation stood at 72 percent, up from 57 percent in Thursday’s session.

Kenya Commercial Bank (KCB), Safaricom, Equity Bank, East African Breweries Ltd, and Co-operative Bank accounted for 97 percent of the day’s total turnover.

The most traded counters were, however, KCB, Safaricom, Equity, Cooperative and KenolKobil, which moved 18.9 million, 8.7 million, 3.5 million, 1 million, and 600,000 shares respectively.

However, as turnover rose, the NSE 20 Share Index slid 29.80 points to close at 3,783.98 points. During the week, the index lost 56.01 points, or 1.5 percent.

The NSE All Share Index (NASI), on the other hand, was up 0.01 points to close at 164.49 points. The index shed 1.16 points in the week. The NSE 25 Share Index lost 17.13 points to stand at 4,307.07.

At the bond segment, turnover went up by 73 percent to stand at 40 million dollars, a new high.

             

 

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