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Nairobi bourse indicative index closes week high amid increased outflows

Xinhua, October 15, 2016 Adjust font size:

The Nairobi Securities Exchange (NSE) 20 Share Index gained 26 points Friday to end the week on a high of 3,267.92 after prices of 11 stocks went up.

The stocks that comprise of the key benchmark index rose by between 0.3 percent and 6 percent, with Athi River Mining (ARM) recording the highest gain to close at 0.26 U.S. dollars while Safaricom the lowest to end at 0.20 dollars.

Others that gained in the trading session included Kenya Airways, Bamburi, Kenya Power and Kenya Commercial Bank (KCB).

In total, some 16 million shares worth 4 million dollars were traded Friday, up from 2.9 million dollars on a volume of 15 million shares.

Meanwhile, increased outflows during the week saw the week-on-week rise to 28 million dollars on a volume of 118 million shares, up from 20 million on 92 million shares posted the previous week.

Safaricom was the week's biggest mover with 58 million shares changing hands to represent 49 percent of the week's traded volume. On the other hand, the banking sector had 37 million shares traded which accounted for 31 percent of the volume. Endit