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Energy firms, Safaricom push Nairobi bourse 20-share index up

Xinhua, May 25, 2016 Adjust font size:

The Nairobi Securities Exchange (NSE) 20-Share Index went up 20 points Tuesday, boosted mainly by marginal rises in shares of energy firms and Kenya's leading telecom Safaricom.

KenGen, which Monday floated 4.4 billion shares to raise 288 million U.S. dollars in a rights issue, went up 2.4 percent to close the day at 0.7 dollars.

Regional oil marketer KenolKobil, similarly, rose 2.4 percent to end the day at 0.11 dollars.

Safaricom, the day's top mover with 6.2 million shares, on the other hand, went up 1 percent to stand at slightly above 0.17 dollars, remaining one of the stocks much sought by foreign investors.

A total of 22 million shares valued at 5.5 million dollars were traded Tuesday, down from 19 million shares that were valued at 7.6 million dollars posted in previous trading session.

The banking sector had 7.4 million shares traded, with Equity Group Holdings being the most heavily traded counter in the category with 5 million shares changing hands at 0.40 dollars, a marginal decline.

Kenya Commercial Bank (KCB) Group went down 1.2 percent to settle at 0.40 dollars and moved 760,000 shares.

The investment sector had 1.5 million shares transacted, with Centum trading 822,000 shares traded at a high of 0.43 dollars.

The manufacturing and allied sector moved 518,000 shares, with East Africa Breweries Ltd, another foreign investors favourite, trading 209,000 shares at a fairly stable price of 0.3 dollars.

The All Share Index (NASI) ended 0.20 points higher to stand at 146.45 while the NSE 25 Share Index gained 2.65 points to settle at 4,211.71.

The bonds market witnessed an upswing in activity, with securities totalling 100 million dollars transacted as compared to 16 posted the previous session, an impressive 533 percent rise. Endit