Nairobi bourse regains on increased foreign inflows


Equity turnover at the Nairobi Securities Exchange (NSE) rose 87 percent Tuesday to 5.7 million U.S. dollars on a volume of 34 million shares, from 16 million worth 3.1 million dollars in previous session, boosted by increased foreign inflows.

Safaricom, Equity Bank and Kengen were the shares that attracted most foreign inflows at the bourse, followed by BAT and Cooperative Bank.

Electricity-generator Kengen, however, was the most traded stock, actively moving 10 million shares at 0.06 dollars.

Safaricom, Kenya’s leading telecom, came in second as it traded 9.9 million shares at unchanged price of 0.17 dollars. The telecom moved 9.6 million shares Monday.

Equity Bank came in third with 6.5 million shares changing hands at 0.26 dollars while Cooperative Bank was the fourth after moving 2.3 million shares at 0.11 dollars.

Closing the list of most traded stocks Tuesday was Housing Finance Corporation with 884,700 shares at 0.10 dollars.

All the key indices of the market reported positive gains, with the benchmark NSE 20 Share Index adding a record 19.15 points to stand at 2,964.48.

The All Share Index (NASI), on the other hand, picked up 0.27 points to stand at 124.93 while the NSE 25 Share Index was up 1.45 points to stand at 3,237.97. Enditem

Source: Xinhua/

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