by Bedah Mengo
NAIROBI, Aug. 25 (Xinhua) -- Investors' wealth at the Nairobi Securities Exchange (NSE) rose considerably on Friday boosted by Kenya's leading telecom Safaricom whose price hit a new high.
Safaricom rose 5 percent during the trading session to close at the all-time high of 0.26 U.S. dollars, lifting all the bourse's key indices.
Market capitalization, which measures investors' wealth, on Friday hit 24.6 billion dollars from 23.9 billion dollars as it sustained an upward trend since Monday.
Similarly, the NSE 20 Share Index was up 16.66 points to close at 4,069.20 points while the NSE All share Index (NASI) rose 3.62 points to close at a new high of 172.31 points.
Market turnover stood at 7 million dollars on a volume of 26 million shares from 20 million worth 6 million dollars.
Safaricom, Bamburi, Kenya Commercial Bank (KCB), Equity Bank and Kengen accounted for 79 percent of the day's total turnover.
However, the most traded counters were Safaricom, Kengen, CIC Insurance, KCB and Equity Bank moving 14.3 million, 3.2 million, 1 million, 900,000 and 800,000 shares respectively.
Foreign participation stood at 46 percent as locals dominated the trading at 54 percent. At the bond market, turnover went down 46 percent to 16 million dollars from 30 million dollars. Enditem
