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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Kenyan bourse turnover quadruples on vibrant trading

NAIROBI (Xinhua) -- Trading at the Nairobi Securities Exchange (NSE) surged on Monday as the volumes moved doubled and turnover more than quadrupled.

A total of 22 million shares valued at 11 million U.S. dollars was traded, up from 10 million shares valued at 2.7 million dollars posted on Friday last week.

All the market’s indices, however, declined. The NSE 20 Share Index was down 11.70 points to stand at 3,308.75.

Similarly, the All Share Index (NASI) shed 0.19 points to settle at 172.28 while the NSE 25 Share index went down 6.13 points to stand at 4,471.16.

Safaricom in the telecom sector moved 11.4 million that represented 29 percent of the day’s traded value.

The banking sector accounted for 14 percent of the day’s traded value, with Kenya Commercial Bank trading 2.3 million shares in the group.

The bond market, on the other hand, had securities worth 8.5 million dollars transacted.

             

 

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