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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Foreigners buys lift Kenyan bourse amid stifled trading  

NAIROBI, (Xinhua) -- Trading at the Nairobi Securities Exchange (NSE) remained stifled on Wednesday even as turnover recorded an upward jump, boosted by foreign buys.

Equity turnover registered a 30 percent increase to 4.5 million U.S. dollars from 15 million shares from 10 million shares worth 3.4 million dollars on Tuesday.

The NSE 20 Share Index was up 0.97 points to close at 3,313.81 points while the NSE All share Index (NASI) rose 0.85 points to close at 173.23 points. Similarly, the NSE 25 was up 20.60 points to close at 4,487.12.

Foreigners represented 57 percent of total turnover, with the investors being net buyers of Equity Bank and Safaricom.

Safaricom transacted 5.9 million to account for 38 percent of the total turnover while the banking sector shares accounted for 40 percent of the trading.

Equity Bank was the most actively traded counter in the sector with 2.2 million shares.

             

 

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