Nairobi bourse turnover up on foreign trading of Safaricom

Source: Xinhua| 2017-06-24 00:37:19|Editor: yan
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NAIROBI, June 23 (Xinhua) -- Equity turnover at the Nairobi Securities Exchange (NSE) rose 29 percent Friday to hit 36 million shares valued at 11 million U.S. dollars, up from 29 million shares worth 7.9 million dollars, boosted by increased trading of Safaricom by foreign investors.

The foreign investors raised participation to 60 percent from 55 percent the previous day as they increased Safaricom sales and buys.

Safaricom, Kenya's leading telecom, was the best traded stock after moving 19.3 million shares, more than double the previous session's 8.4 million shares, at unchanged price of 0.23 dollars.

Electricity distributor Kenya Power came second with 6.1 million shares at 0.08 dollars, a slight increase while Kenya Commercial Bank came third with 2.1 million shares after going up marginally to trade at 0.37 dollars.

Equity Bank traded 1.1 million shares at unchanged price of 0.37 dollars to clock the fourth position while East African Breweries Ltd ended at the fifth position with 1 million shares traded at 2.6 dollars.

The NSE 20 Share Index stood Friday at 3,623.83, up from 3,612.55 in the previous session, having gained in every trading session during the week.

Turnover at the bonds market, similarly, rose marginally to 21 million dollars from 20 million dollars in the previous session.

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