Local investors shore up Nairobi bourse turnover


Equity turnover at the Nairobi Securities Exchange (NSE) rose to 8.9 million U.S. dollars from 7 million dollars posted on Wednesday as local investors kept trading vibrant.

The traders mainly moved banking and energy sector stocks to shore up volumes at the bourse as foreigners mainly transacted Safaricom.

Safaricom, Kenya’s leading telecom was the top traded stock after trading 6.8 million shares at 0.24 dollars, a 1 per cent rise.

Kenya Commercial Bank came second with 5.1 million shares at 0.39 dollars, a 1.3 percent rise while electricity generator KenGen was third with 4.2 million shares at 0.07 dollars.

The NSE 20 Share Index on Thursday reversed an upward trend after going down marginally by about 4 points to close at 3,764.74.

On the other hand, the NSE All Share Index closed the day at 158.40, a marginal rise from 158.35 while the NSE 25 share index ended at a high of 4,215.46. Enditem

Source: Xinhua/Newsghana.com.gh

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