NAIROBI (Xinhua) --
The Nairobi Securities Exchange (NSE) 20 Share Index
gained 28 points Friday to close the week above the 3,200 points
mark boosted by increase in share prices of banking stocks.
The benchmark index ended the day at 3,208.25 points from 3,180.29
points Thursday, an indication of improved performance of top
Kenya Commercial Bank (KCB) and Cooperative Bank are among stocks
in the top 20 index which gained Friday. KCB went up over 5 percent
to close the day at 0.29 U.S. dollars and move about half a million
On the other hand, Cooperative Bank rose 2 percent to close at
0.12 dollars on a volume of 1.4 million shares.
Equity turnover stood at 2.7 million dollars on a volume of 13
million shares Friday, with Equity Bank being the top mover at 4.7
Safaricom was the second mover, with 3.6 million shares at 0.19
Overall, weekly turnover went down to 42 million dollars on a
volume of 170 million shares, down from 67 million dollars on 358
million shares due to poor trading, especially Friday.
Safaricom was the week’s biggest mover, with 78 million shares
changing hands at 0.19 dollars, which accounted for 46 percent of
the week’s traded volume.
The banking sector had 57 million shares traded while the energy
sector moved 7.2 million shares.
The bond market during the week witnessed reduced activity, with
bonds worth 43 million dollars transacted compared to 88 million
dollars registered the previous week.