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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 
Kenyan bourse weekly turnover surges on energy stock

NAIROBI (Xinhua) -- The Nairobi Securities Exchange (NSE) this week recorded improved activity as the volume of shares traded, turnover and key indices rose boosted by energy stocks.

Equity turnover rose 30 percent to 57 million U.S. dollars on a volume of 242 million shares, up from 44 million dollars from 113 million shares posted the previous week.

The NSE 20 Share Index added 44.98 points to stand at 3,755.95 on Friday as the All Share Index (NASI) rose 0.48 points to stand at 181.26. Similarly, the NSE 25 Share index gained 79.17 points to stand at 4,587.62.

The energy sector was the most active and accounted for 31 percent of the week’s turnover mainly boosted by KenolKobil that moved 101 million shares transacted by local investors.

The banking sector followed, accounting for 28 percent of the week’s value boosted by Equity Bank and Kenya Commercial Bank. Safaricom in the telecom sector came third representing 27.7 percent of the week’s traded value.

           

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