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Turnover at Nairobi bourse rises on foreign sales

Xinhua, November 29, 2016 Adjust font size:

A total of 16 million shares valued at 4.8 million U.S. dollars were traded at the Nairobi Securities Exchange (NSE) Monday, up from 13 million worth 2.5 million dollars last Friday.

The trading session was characterized by drop in top stock prices, with at least 10 shares led by leading telecom Safaricom sliding by between 0.5 percent and 7 percent to push the benchmark index down.

The NSE 20 Share Index went down 0.5 percent or 16.3 points to stand at 3,249.63. Similarly, the All Share Index eased 0.56 points to stand at 136.84 while the NSE 25 Share Index was down 0.58 percent to stand at 3,626.64 points.

Safaricom was the top day's trader, moving 6.3 million shares mainly foreign sales at 0.19 dollars, a decline of 0.5 percent.

Kenya Commercial Bank was the second top trader as its 4.3 million shares exchanged hands at an unchanged price of 0.30 dollars. The banking sector had 4.9 million shares traded to represent 29 percent of the day's traded volume.

At the bonds market, securities worth 3.7 million dollars were transacted, down from 6.7 million dollars. Endit