Kenya’s bourse turnover swells on foreign sales

stock market
stock market

Equity turnover at the Nairobi Securities Exchange (NSE) rose 87 percent on Tuesday boosted by a surge in foreign sales.

The turnover stood at 10 million U.S. dollars on a volume of 30 million shares, up from 20 million shares worth 5.5 million dollars on Monday.

Foreign sales during the trading surged 139 percent while buys went up by 12 percent with the investors’ total participation at the bourse standing at 57 percent.

As turnover, both the blue-chip 20 Share Index and the main market All Share Index went up boosted by increase in prices of various stocks, including Kenya Airways and Britam.

The NSE 20 Share Index was up 3.21 points to close at 3,745.01 points while the NSE All share Index (NASI) rose 0.62 points to close at 180.43 points.

Safaricom, Equity Bank, East African Breweries Ltd, Kenya Commercial Bank (KCB) and Cooperative Bank accounted for 91 percent of the total turnover.

However, the most traded counters were Safaricom, Equity Bank, Cooperative Bank, KCB and KenolKobil moving 17 million, 6.8 million, 1.8 million, 800,000 and 600,000 shares respectively.

At the bond segment, turnover went up by 64 percent to 17 million dollars from 10 million dollars in the previous session. Enditem

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