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Trading at Nairobi bourse rises 45pct as key index reverses losing streak

Xinhua, April 29, 2016 Adjust font size:

Some 28 million shares valued at 4.8 million U.S. dollars were traded at the Nairobi Securities Exchange (NSE) Thursday, an increase of 45 percent from 16 million valued at 3.3 million dollars Wednesday.

The swell in trading, coupled with an increase in prices of some key stocks that include Kenya Commercial Bank (KCB) Group, saw the NSE 20 Share Index close 5.16 points higher to stand at 3,990.20, reversing a losing streak.

The index shed 35 points in two days to go down below the benchmark 4,000 mark Wednesday.

The All Share Index (NASI) on Thursday similarly ended 1.44 points higher to stand at 146.56 while the NSE 25 Share Index was up 40.31 points to settle at 4,239.83.

Mobile firm Safaricom remained the biggest mover trading 9.9 million shares at 0.17 dollars, a rise from 8.1 million dollars the previous trading session.

The banking sector had 5 million shares traded, with Kenya Commercial Bank (KCB) actively moving 3.2 million shares at a high of 0.42 dollars.

Equity Group Holdings remained unchanged at 0.42 dollars and moved 329,000 shares while I&M Holdings moved 220,000 shares and closed at 1.1 dollars.

The commercial and services sector moved 3.9 million shares, with Longhorn Publishers trading 3.6 million shares.

The energy and petroleum sector had 5 million shares traded, all which belonged to KenolKobil while the manufacturing and allied sector moved 2 million shares.

The insurance sector moved 624,000 shares, with CIC Insurance Group being the top trader under the category with 383,000 shares.

The bond market had bonds worth 21 million dollars transacted, down from 28 million dollars in the previous trading session. Endit