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Nairobi bourse turnover rises on increased foreign trading

Xinhua, November 23, 2016 Adjust font size:

Foreign investors bought as many shares as they sold Tuesday at the Nairobi Securities Exchange (NSE), lifting trading up 45 percent.

Turnover stood at 4.3 million U.S. dollars on a volume of 19 million shares from the previous session's 16 million shares worth 2.9 million dollars.

Safaricom, Kenya's leading telecommunication service provider, moved 12 million shares at a declined price of 0.19 dollars, most of them foreign sales, with the investors' participation standing at 70 percent.

Kenya Commercial Bank (KCB) was the second best mover, trading 2.2 million shares at an increased price of 0.31 dollars, mostly foreign buys.

In the manufacturing sector, some 773,000 shares were traded with East African Breweries remaining firm to trade at 2.6 dollars on 13,000 shares.

The NSE 20 Share Index was down 0.5 percent to stand at 3,267.53 points while the All Share Index shed 0.19 points to stand at 138.01. The NSE 25 Share Index, on the other hand, was down to stand at 3,675.03 points.

At the bond market, securities worth 17 million dollars were transacted, a 10 percent rise from 16 million in the previous session. Endit