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Returning foreign investors help lift Nairobi bourse

Xinhua, February 3, 2017 Adjust font size:

Some 32 million shares worth 6.5 million U.S. dollars were traded at the Nairobi Securities Exchange (NSE) Friday from 11 million shares worth 2.5 million in the previous session, lifted by foreign investors' return to the bourse.

The investors accounted for 80 percent of Friday's trading, mainly going for banks, telecom and energy sector shares.

Safaricom, Kenya's leading telecom, was the day's top stock moving 14 million shares at 0.18 dollars, a 0.5-percent increase, up from 4 million shares in the previous session. On Friday, the stock had the highest net foreign outflows.

Electricity generator KenGen was the second best trader after transacting 4.7 million shares at a high of 0.05 dollars, a 6.4-percent rise.

All indices reported gains during the week as the bourse rebounded from a losing streak. The benchmark NSE 20 share Index closed the week at 2,862.39, having gained 29 points Friday and 50.35 points during the week in total.

The All share Index (NASI) closed to stand at 124.19 from 123.43 Thursday while the NSE 25 Share index ended the day at 3,199.76 from 3,174.11, adding 62.14 points during the week. Endit