By Bedah Mengo NAIROBI (Xinhua) --
The Nairobi Securities Exchange (NSE) benchmark
index on Monday surged as various stocks rallied after the
Supreme Court upheld President Uhuru Kenyatta’s win in Oct. 26
The NSE 20 Share
Index was up 49.01 points to close at 3,779.16, reversing a
negative trend recorded last week.
Out of the 20
stocks that make up the index, two declined, 12 rose while the
rest remained unchanged, helping to push up the market.
dominated trading on Monday, buoyed by the apex court ruling,
with a 64.1 percent participation level to record net buying
76 percent of total buying and 52.1 percent of total selling.
included Athi River Mining Cement, 6 percent; Kenya Commercial
Bank (KCB), 5 percent; Equity Bank, 4 percent; and Sasini Tea,
8 percent). Similarly, the NSE All Share Index (NASI) was up
by 1.69 points to close at 164.82 points.
The most traded
counters were Safaricom, Equity Bank, KenolKobil, KCB, and
Britam after moving 4 million, 3.1 million, 1.5 million, 1.1
million and 900,000 shares respectively.
recorded the highest net foreign inflows to close 3.1 percent
higher at 0.42 dollars while Barclays Bank recorded the
highest net foreign outflows as it shed 0.5 percent to 0.09
Market turnover stood at 5 million dollars on a volume of 17
million shares, down from 18 million worth 6.2 million