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Nairobi bourse turnover hits new high since January

NAIROBI (Xinhua) -- Some 71 million shares worth 12.5 million U.S. dollars were traded at the Nairobi Securities Exchange (NSE) Monday as the bourse registered its best trading day since January.

The turnover was boosted by solid volumes and active trading of Safaricom shares, lifting total trading up 222 percent from 23 million shares worth 3.9 million dollars last Friday.

Before Monday’s turnover, trading had hit a high of 11 million dollars on a volume of 71 million shares on Feb. 9.

Leading telecom operator Safaricom, the day’s biggest mover, traded 51 million shares valued at 8.8 million dollars at a new high of 0.18 dollars, representing 68 percent of the traded volumes.

Electricity generator Kengen came in second with 11.5 million shares at 0.06 dollars, while Kenya Commercial Bank (KCB) followed third moving 3.9 million shares at a peak of 0.29 dollars.

The benchmark NSE 20 Share Index was up 7.45 points to stand at 2,970.53 while the All Share Index (NASI) gained 2.08 points to stand at 124.55.  The NSE 25 Share Index added 50.78 points to stand at 3,281.30.

The bond market witnessed improved activity with bonds worth 36 million dollars transacted compared to 14 million in previous session.



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