Off the wire
• Alibaba disppointed by U.S. blacklisting  • Roundup: Protests as Kenyan parliament approves contentious election laws  • Laos to select best boxers for int'l events  • Belgium's Pairi Daiza zoo hopes to host rare golden monkeys from China  • Paris CAC 40 index gains 0.02 pct Thursday  • Works of Ivan Aivazovsky presented at anniversary exhibition in St. Petersburg  • Saudi Arabia denies plans to impose taxes on citizens, residents or firms  • S. African stocks close weaker despite gains in gold miners  • Laos-Thailand railway link set for expansion next year  • Chinese premier stresses flood control  
You are here: 　 Home

Nairobi bourse index rises on large stock gains

Xinhua, December 23, 2016 Adjust font size:

The Nairobi Securities Exchange (NSE) 20 Share Index took a positive turn Thursday to rise 33 points, pushed up by price hikes of various large stocks.

However, turnover dropped 53 percent to 2.1 million U.S. dollars from 4.5 million dollars due to reduced trading.

The benchmark index gained 32.5 points or 1.1 percent to settle at 3,106.91, ending over a week of downward spiral. Similarly, the All Share Index (NASI) was up 1.28 points to stand at 132.04 points and the NSE 25 Share Index added 19.68 points to stand at 3,459.04.

Safaricom, Kengen, Bamburi and Scangroup are among stocks whose prices went up by between 0.4 percent and 8 percent.

Kenya's leading telecom Safaricom was the day's top mover, trading 5.9 million shares at a high of 0.19 dollars.

Cooperative Bank actively moved 2 million shares at 0.13 dollars to become the day's second top mover as the banking sector in total transacted 3.4 million shares to represent 27 percent of traded volume.

Kengen was the most actively traded share in the energy category, with 1 million shares (out of the 1.1 million traded in the sector) changing hands at 0.05 dollars to end the day as the third top trader.

The insurance sector had 1 million shares traded to represent 7.9 percent of the day's traded volume, with Britam moving 625,000 shares and Kenya-Re moving 311,000.

Trading at the bond market halved to 18 million dollars compared to 35 million posted on Wednesday. Endit