Safaricom inflows boost turnover at Nairobi bourse

Turnover at the Nairobi Securities Exchange (NSE) on Wednesday rose to 11 million U.S. dollars on a volume of 63 million shares from 20 million worth 3.7 million dollars, boosted by Safaricom inflows.

The leading telecom operator was the day's biggest mover, attracting as many foreign sales as purchases, as it traded a massive 45 million shares at 0.18 dollars.

The shares were valued at 8.3 million dollars to account for 75 percent of the traded volume.

Electricity producer KenGen was the day's second best traded stock moving 7.2 million shares at 0.06 dollars, an increase of 2.4 percent.

Coming in third was cement maker Athi River Mining with 5 million shares traded at 0.19 dollars, a rise of 1 percent.

Kenya Commercial Bank and KenolKobil were the fourth and fifth best stocks after moving 1.8 million 601,100 shares at 0.25 dollars and 0.13 dollars respectively.

During the session in which foreign investors were net buyers, a rise of at least top 10 stocks lifted the NSE 20 Share Index up 19 points to settle at 2,952.33.

The All Share Index (NASI), on the other hand, edged 0.04 points lower to settle at 124.91 while the NSE 25 Share Index shed 1.48 points to settle at 3,250.13.

The bond market registered a marginal rise with securities worth 6.9 million dollars transacted from 6.7 million dollars. Endit