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Nairobi Bourse turnover hits new high of US 17 million dollars

NAIROBI (Xinhua) -- Turnover at the Nairobi Securities Exchange (NSE) Tuesday hit a new high of 17 million U.S. dollars on a volume of 67 million shares from 70 million worth 12 million dollars the previous session boosted by rise in share prices of large stocks.

Safaricom, Equity Bank, Cooperative Bank and East African Breweries Ltd (EABL) all had their prices go up by between 0.5 percent and 6 percent.

Safaricom, Kenya’s leading telecom operator, was the day’s biggest mover as it extended previous session’s gains by 5.2 percent to settle at 0.18 dollars and move 38 million shares valued at 6.9 million dollars, representing 40 percent the day’s traded value.

Equity Bank was the second most actively traded stock exchanging 12 million shares valued at 3.5 percent at 0.29 dollars, a rise of 6 percent.

Cooperative Bank moved 3.7 million shares valued at a fairly stable price of 0.12 dollars to come third while Kenya Power was fourth with 2.9 million shares at 0.06 dollars. 

All indices reported positive gains, with the NSE 20 Share Index going up 3.48 points to stand at 2,974.01 while the All Share Index (NASI) ended 2.24 points higher to stand at 126.79 and the NSE 25 Share Index gained 26.44 points to stand at 3307.74.


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