Kenya's bourse key index rises on banks, telecom stocks rally

Source: Xinhua| 2017-05-27 00:39:06|Editor: yan
Video PlayerClose

by Bedah Mengo

NAIROBI, May 26 (Xinhua) -- The Nairobi Securities Exchange (NSE) 20 Share Index ended Friday at a new high of 3,442.38 after gaining 32 points as large stock prices sustained upward trend.

The index had closed at 3,410.89, a nine-month high on Thursday, with the impressive surge attributed to energy, telecom and bank stocks.

Energy firms KenGen and KenolKobil, telecom Safaricom and Cooperative Bank are among the top stocks that helped push up the index in the Friday trading.

KenGen was the top traded stock after moving 6 million shares at 0.07 U.S. dollars, a 2.8-percent increase.

At the second position was Safaricom, which was supplanted from the top spot, after moving 5.9 million shares at a high of 0.21 dollars, a rise of 2.4 percent.

Cooperative Bank traded 2.5 million shares at 0.17 dollars, a new high to end at the third position while Equity Bank came fourth with 1.8 million shares. At number five was KenolKobil with 0.12 dollars after moving 1.2 million shares.

The NSE 25 Share Index closed the day during the trading session at 3,907.93 while the All Share Index surged to 147.07.

During the week, a total of 173 million shares worth 39 million dollars were traded, down from 48 million dollars from 208 million shares posted the previous week.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105521363184831