Nairobi bourse turnover, key indices rise on high foreign trading

Source: Xinhua| 2017-10-10 00:45:28|Editor: huaxia
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NAIROBI, Oct. 9 (Xinhua) -- Trading at the Nairobi Securities Exchange (NSE) opened the week positively as turnover more than doubled and key indices rose.

Turnover stood at 4.7 million U.S. dollars on a volume of 17 million shares, up from 10 million valued at 2.2 million posted last Friday.

The NSE 20 Share Index was up 19.2 points to stand at 3,712.37 while the All Share Index (NASI) gained 0.32 points to stand at 161.03.

Kenya's leading telecom Safaricom was the best traded stock as it moved 9.5 million shares at 0.25 dollars, a 1 percent surge, on the back of active foreign trading.

Athi River Mining and Equity Bank followed respectively after moving 2.3 million and 1.6 million shares.

East African Breweries Ltd recorded the highest net foreign inflows, but went down 1.2 percent to close at 2.4 dollars.

On the other hand, Equity Bank recorded the highest net foreign outflows as it went down 2.7 percent to close at 0.36 dollars.

Foreign investor participation stood at 82.3 percent compared to Friday's 65 percent, with the foreigners accounting for 81 percent of total buying and 84 percent of total selling.

At the bond market, turnover declined to 19 million dollars down from 21 million dollars in the previous session. Enditem

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