Kenya's bourse key index maintain upward trend amid stifled turnover

Source: Xinhua| 2017-06-06 00:35:28|Editor: yan
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NAIROBI, June 5 (Xinhua) -- Nairobi Securities Exchange (NSE) 20 Share Index sustained upward trend Monday amid decline in equities turnover.

The benchmark index gained 8 points to close at 3,480.78, up from 3,473.19 in the last session lifted up by marginal rise of some key stocks.

Safaricom, Kenya's leading telecom was the best traded stock but only moved 4.8 million shares at unchanged price of 0.22 U.S. dollars. In the last session, the telecom moved 29.2 million dollars.

Kenya Commercial Bank came second with 3.9 million shares at a new high of 0.41 dollars as it went up 0.8 percent.

Equity Bank came third with 2.1 million shares after going up 0.6 percent to trade at 0.39 dollars while Athi River Mining moved 1.2 million shares to clock the fourth position. Mumias Sugar closed the list of top-five traded stocks after transacting 985,800 shares.

Some 18 million shares worth 4.8 million dollars were traded at the bourse, down from 37 million shares valued at 8.9 million dollars in the previous session.

Foreign investors' participation stood at 57 percent down from over 70 percent in the previous session as the traders cut trading.

At the secondary bond market, turnover went up to 20 million dollars from 17 million dollars in the previous session.

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