Nairobi Securities Exchange (NSE) benchmark index sustained an upward trajectory Monday, gaining 11.70 points to stand at 3,712.13.
The NSE 20 Share Index crossed the 3,700.00 mark last Friday pushed up by rise in prices of various large stocks, a trend that continued in Monday trading.
Equity Bank, Standard Chartered Bank and Athi River Mining were among the top gainers that helped lift the bourse.
However, turnover declined with the market opening the week with a total of 14 million shares valued at 4 million dollars, against 29.8 million shares valued at 7 million dollars posted last Friday.
Equity Bank was the top traded stock after moving 3 million shares at 0.39 dollars, an increase of 1.3 percent.
Safaricom, Kenya’s leading telecom, moved 2.9 million shares at unchanged price of 0.23 dollars to close the day at the second spot.
Cooperative Bank followed after moving 2.1 million shares traded at unchanged price of 0.14 dollars while Kenya Commercial Bank followed the same number of shares to end at position four.
Insurance firm CFC moved 507,100 shares at 0.11 dollars to close the list of the most traded stocks during the session.
At the bond market, turnover remained flat at 13 million dollars, with foreign investors’ participation at the bourse standing at 70 percent. Enditem
Source: Xinhua/Newsghana.com.gh
