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Some top rise to lift Nairobi bourse key index amid low trading

Xinhua, September 20, 2016 Adjust font size:

The bourse opened the week on a low, with a total of 12.8 million shares valued at 2.8 million U.S. dollars traded Monday, against 15 million shares worth 3.5 million dollars posted Friday.

Despite the low trading, some top stocks gained over 1 percent to push the NSE 20 Share Index up 12.76 points to stand at 3,218.88.

Similarly, the All Share Index ended 0.66 points higher to stand at 132.24 and the NSE 25 Share Index climbed up 28.63 points to settle at 3,487.42.

The top 20 stocks that gained include Kenya's leading telecom Safaricom (1 percent), Equity Bank (1 percent), Kenya Commercial Bank (1 percent) and Centum Investment (1.2 percent).

Safaricom moved 2.1 million shares at 0.19 dollars to be the top trader at the bourse from 2.7 million in previous session.

The banking sector had 3.8 million shares traded to represent 30 percent of the day's traded volume. Equity Bank saw 1.25 million shares exchange hands at a high of 0.26 dollars while KCB traded 570,000 shares at the same price.

In the investment sector, some 2.8 million shares traded to represent 23 percent of the day's traded volume.

Home Afrika was the most heavily traded counter in the sector with 2.4 million shares at 0.01 dollars while Centum investment went up 1.2 percent to 0.43 dollars and moved 257,000 shares.

The commercial and allied sector had 1.1 million shares traded with Kenya Airways closing 2.7 percent lower to 0.03 dollars on a volume of 788,000 shares. Endit