Kenya's bourse registers best turnover since January

Source: Xinhua| 2017-07-07 00:40:59|Editor: yan
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by Bedah Mengo

NAIROBI, July 6 (Xinhua) -- Nairobi Securities Exchange (NSE) on Thursday recorded its best trading day since January as turnover hit 32 million U.S. dollars on a volume of 90 million shares boosted by increased local investors trading.

The bourse had transacted 17.6 million shares worth 5.5 million dollars in the previous session, with the Thursday session boosted mainly by the trading of Equity Bank.

The highest turnover the bourse had initially hit since January was 25 million dollars on a volume of 141 million shares.

Equity Bank, Safaricom, Bamburi, NSE and Cooperative Bank were the top five traded stocks during the sessions to account for 98 percent of the total volume.

The stocks moved 69 million, 14 million, 1.6 million, 1.2 million and 860,000 shares respectively.

Foreign investors' participation during the session stood at 12 percent while locals' rose to 88 percent, with the latter increasing both sales and buys.

The NSE 20 Share Index was up 11.37 points, sustaining an upward trajectory to close Thursday at 3,580.52 while the NSE All Share Index was up 0.15 points to close at 151.50 points.

At the secondary bond market, turnover decreased 48 percent to stand at 13 million dollars from 25 million dollars.

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