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Rise in share prices of large stocks lifts Nairobi Bourse

NAIROBI (Xinhua) -- A rise in share prices of several top stocks helped to push up Nairobi Securities Exchange (NSE) 20 Share Index and turnover in Tuesday’s trading.

Turnover rose 29 percent to 3.3 million U.S. dollars on a volume of 16 million shares from 11 million worth 2.6 million dollars.

Similarly, the NSE 20 Share Index was up 0.54 points to close at 2,963.56 points, sustaining an upward trend for the second consecutive session.

BAT Kenya, Kenya Commercial Bank (KCB) and Sasini were some of the top stocks whose prices went up by between 0.6 percent and 6 percent.

Safaricom was the top traded stock after moving 5.3 million shares at a low of 0.16 dollars. KCB was the second traded stock after moving 3.4 million shares at 0.27 dollars.

KenolKobil, Equity Bank and Barclays Bank were the third, fourth and fifth top movers respectively after trading 2 million, 1.7 million and 1.4 million shares at 0.14 dollars, 0.25 dollars and 0.08 dollars, respectively.

The bond market recorded improved activity with securities worth 18 million U.S. dollars transacted compared to 8 million dollars posted the previous day. 



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