Kenya's bourse key indices rise amid stifled trading

Source: Xinhua| 2017-09-15 00:46:51|Editor: huaxia
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NAIROBI, Sept. 14 (Xinhua) -- All the key indices of the Nairobi Securities Exchange (NSE) went up marginally on Thursday but trading at the bourse remained stifled.

The NSE 20 Share Index was up 8.54 points or 0.22 percent to stand at 3,813.78 as share prices of at least eight stocks rose.

Similarly, the All Share Index (NASI) edged up 0.31 points to stand at 164.48 while the NSE 25 Share Index was up 15.17 points to settle at 4,305.08.

Safaricom, Kenya's leading telecom firm, was the top traded stock with 7.3 million shares transacted at unchanged 0.25 U.S. dollars, representing 43 percent of the day's traded value. The stock was active due to foreign selling.

Three of the top five traded shares were from the banking sector, which accounted for 48 percent of the day's traded value.

Kenya Commercial Bank actively moved 2.2 million shares at 0.42 dollars while NIC Bank went up some cents to 0.40 dollars moving 812,000 shares. Barclays Bank moved 414,200 shares at 0.10 dollars.

At the fourth position was KenolKobil with 547,500, with the shares going up 0.6 percent to 0.16 dollars.

Some 14 million shares valued 4.2 dollars were traded, down from 23 million share worth 6.4 million dollars posted in the previous session.

Foreign investor participation stood at 43 percent, accounting for 24 percent of total buying and 62 percent of total selling. Enditem

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