NAIROBI (Xinhua) --
Kenya’s Nairobi Securities Exchange (NSE)
benchmark index and turnover recovered on Tuesday amid surge in
prices of selected large stocks.
Turnover rose 183
percent to close the day at 8.9 million U.S. dollars on a volume
of 38 million shares from 13.4 million shares worth 3 million
dollars on the previous trading day.
Similarly, the NSE
20 Share Index gained 5.63 points to end the session at
3,696.13. The index had lost 17.26 points in the previous
On the other hand,
the NSE All share Index (NASI) declined marginally to 170.16
from 170.59 points in the previous session.
Some of the stocks
that lifted the NSE during the trading were Standard Chartered
Bank, Sasini, British America Tobacco and Centum, going up by
between 0.5 percent and 7 percent.
The most traded
counters were Safaricom, Kenya Commercial Bank, HomeAfrika,
Uchumi and Cooperative Bank, moving 24 million, 2 million, 1.5
million, 1.2 million and 1.1 million shares respectively.
participation stood at 54 percent, up from 50 percent in the
previous session as locals declined to 46 percent.
At the bond market,
the turnover declined to stand at 9 million dollars from 15
million dollars in Monday trading.
Kenya’s bourse starts week low
on declined foreign activity
NAIROBI (Xinhua) --
Trading at Kenya’s Nairobi Securities Exchange (NSE)
started the week low on Monday as both turnover and the key
Turnover stood at 3
million U.S. dollars from 11 million dollars on Friday mainly
due to declined foreign activity.
The foreigners were
mainly net sellers of Safaricom, as they cut both sales and
The NSE 20 Share
Index was down 17.26 points to close at 3,690.50 points, a
downward turn after going up last week on Friday. On the other
hand, the NSE All share Index (NASI) was down 1.62 points to
close at 170.59 points.
telecom Safaricom, Nation Media Group, Kenya Commercial Bank
(KCB), Bamburi and East African Breweries Ltd accounted for 83
percent of the total turnover.