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Robust Safaricom trading lifts Nairobi bourse

Xinhua, November 25, 2016 Adjust font size:

Some 29 million shares worth 5.5 million U.S. dollars were traded at the Nairobi Securities Exchange (NSE) Thursday, up from 22 million worth 3.8 million dollars in a session boosted by increased buying of Safaricom shares.

The leading telecom moved 18 million shares up from 13 million dollars albeit at a marginal price decline of 0.19 dollars.

The surge in trading and share prices saw investors' wealth at the bourse rise above the 20 billion dollars from 19.7 billion dollars Wednesday.

For the better part of this year, the index has remained strong at an average of 20 billion dollars, having fallen from 26 billion dollars in 2015.

The NSE 20 Share Index, on the other hand, closed at 3,273.61 from 3,263.44 in the previous session while the All Share Index (NASI) too surged to 138.19 from 137.93. The NSE 25 Share Index rose to 3,681.55 from 3,672.43. Endit