Share price rally lifts Nairobi bourse key indices, turnover

Nairobi Securities Exchange (NSE) opened the week on a high on Monday as an increase in share prices pushed up indicative indices and turnover.

The bourse traded a total of 16 million shares valued at 5.1 million U.S. dollars, against 22 million shares valued at 4.9 million dollars posted last Friday.

NIC Bank, Kenya Commercial Bank (KCB), East African Breweries and Equity Bank are some of the stocks whose prices increased.

NIC Bank was the day's top mover, going up 8 percent to trade at 0.35 dollars on a volume of 6.2 million shares. In the same category, KCB closed 2.5 percent higher to trade at 0.30 dollars on a volume of 1.7 million shares while Equity Bank rose marginally to 0.32 dollars and moved 1.6 million shares as the sector saw 9 million shares change hands in total.

Safaricom, Kenya's leading telecom, traded 3.3 million shares at 0.20 dollars, a slight decline, to end the day as the second best mover.

In the commercial sector, some 1.4 million shares were traded with Scangroup moving 1 million at 0.18 dollars.

The NSE 20 Share Index rose 4.14 points to stand at 3,268.41 while the NSE 25 Share Index was up 16.29 points to stand at 3,708.65. Endit