Kenya’s bourse registers best trading in 2017


Kenya’s Nairobi Securities Exchange (NSE) recorded its best trading Thursday since January as turnover clocked 11 million U.S. dollars on a volume of 71 million shares, up from 44 million shares worth 9 million dollars in the previous session.

The market has been on a rally in the past week, with turnover and key indices rising, following a slump since last year.

Safaricom, Kenya’s leading telecom, was the day’s biggest mover trading 26 million shares valued at 4.7 million dollars at a high of 0.18 dollars. This represented 42 percent of the day’s traded value.

Britam Holdings was the second best trader, actively moving 13 million shares at 0.09 dollars to make the insurance sector account for 11 percent of the day’s traded value.

Barclays Bank, Cooperative Bank and Kenya Commercial Bank (KCB) completed the list of the best five traded stocks.

Barclays Bank was the most heavily traded counter in the sector with 12 million shares changing hands at 0.08 dollars.

-operative Bank, on the other hand, climbed up 1.6 percent to 0.11 dollars as it moved 7.1 million shares while KCB moved 3 million shares at 0.12 dollars. The sector accounted for 38 percent of the day’s traded value.

The NSE 20 Share Index was up 24.22 points to settle at 2,933.09 as it sustained an upward trend that started last week.

Similarly, the All Share Index (NASI) picked up 0.16 points higher to 125.19 while the NSE 25 Share Index added 3.81 points to 3,263.05. Enditem

Source: Bedah Mengo, Xinhua/

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