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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Telecom, bank stocks raise Kenya’s bourse turnover

NAIROBI (Xinhua) -- Equity turnover at the Nairobi Securities Exchange (NSE) nearly doubled on Wednesday boosted by the trading of Kenya Commercial Bank (KCB) and leading telecom service provider, Safaricom.

Turnover stood at 10 million U.S. dollars, up from 5.3 million dollars in the previous session.

KCB was the most traded stock after moving 10.9 million shares to supplant Safaricom from the top spot. The telecom, on the other hand, traded 10.3 million shares at a high of 0.29 dollars.

Other stocks that made it to the most traded category were Equity Bank, Kengen and KenolKobil, which moved 1.6 million, 1.1 million and 809,600 shares respectively.

The NSE 20 Share Index declined to close at 3,698.18, going down from 3,711.23 points on Tuesday. Similarly, the NSE All Share Index (NASI) went down to 177.67 from 177.83 points.

At the bond market, turnover increased to stand at 12 million dollars from 11 million dollars in the Tuesday session.

             

 

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