Off the wire
• France says meeting on Syria must gather "large" opposition  • Europe should seek own best deal in Brexit negotiations: expert  • France lowers 2016 budget gap to 68.9 bln euros  • IS leader suspected of recruiting suicide assailants arrested in Yemen  • Xi calls WEF "weathervane" of global economy  • Gambian president declares state of emergency  • Diabetes causes loss of 9 years of life in Chinese patients: study  • Portuguese PM says low salaries have negative impact on competitiveness  • Germany's DAX index drops by 0.13 pct on Tuesday  • Life in pre-historic Britain captured in new postage stamps  
You are here: 　 Home

Nairobi bourse turnover rises on banks, telecom stocks

Xinhua, January 18, 2017 Adjust font size:

Kenya's Nairobi Securities Exchange (NSE) turnover rose 330 percent Tuesday, boosted by increased trading of banking and telecom stocks.

Turnover rose to 4.5 million U.S. dollars on a volume of 15.5 million shares from 5.5 million shares worth 1 million dollars traded on Monday.

Eight top stocks led by East African Breweries Ltd and Safaricom, Kenya's leading telecom operator, saw their prices rise by between 0.3 percent and 3.5 percent.

Safaricom was the day's top mover, trading 5.5 million shares at a high of 0.18 dollars, a surge of 0.3 percent for the first time in over a week.

Barclays Bank moved 4 million shares at 0.08 dollars, a marginal decline, to end the day as the second best mover.

Similarly, Kenya Commercial Bank transacted 1.6 million shares at 0.26 dollars, an improvement of 0.9 percent from the previous session.

Insurance firm KenRe and Home Afrika were the fourth and fifth best performers respectively after they moved 1.4 million and 558,400 shares respectively.

The NSE 20 Share Index dropped further to 2,929.68 from 2,955.44 Monday, a decline of 26 points.

Similarly, the All Share Index ended the day at 124.09 from 124.27 points while the NSE 25 Share index stood at 3,243.72 from 3,247.40 in the previous session. Endit