By Bedah Mengo NAIROBI (Xinhua) --
At least nine top stocks at the Nairobi
Securities Exchange (NSE) rose Thursday to keep the benchmark
index on an upward trend.
The NSE 20 Share
Index was up 14.94 points to close at 3,743.10 points from
3,728.16 on Wednesday.
This was a
continuation from Tuesday when the index increased from
3,719.17. Similarly, the NSE All share Index (NASI) was up by
0.86 points to close at 162.50 points.
Some of the stocks
that rose despite jitters at the bourse over political
uncertainty to lift the key index were Safaricom (2 percent),
Kenya Power (2.4 percent), Bamburi Cement (1 percent) and
Kengen (4 percent).
Commercial Bank (KCB), Cooperative Bank, East African
Breweries Ltd and Nation Media Group accounted for 83.4
percent of the total turnover.
However, the most
traded counters were Safaricom, Cooperative Bank, KCB, Mumias
and HomeAfrika, which moved 6.4 million, 5.1 million, 2.2
million, 901,000 and 900,000 shares respectively.
Safaricom was the
top mover on the back of active foreign buying. Foreign
investors’ participation stood at 46.8 percent compared to
Wednesday’s 50.2 percent, with the traders accounting for 56
percent of total buying and 38 percent of total selling.
turnover declined by 32 percent to 4.9 million U.S. dollars on
a volume of 19 million shares, from 20 million shares worth
7.4 million dollars.