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Nairobi turnover levels amid surge in key index

Xinhua, April 24, 2017 Adjust font size:

Some 11 million shares worth 3.1 million U.S. dollars were traded on Monday at the Nairobi Securities Exchange (NSE), down from 3.2 million dollars on a volume of 9 million shares in the previous session.

However, while the market recorded the decline, a rise in prices of selected top stocks pushed the benchmark index 15 points up.

Kenya Commercial Bank (KCB) and Athi River Mining (ARM) are some of the top stocks whose prices surged, lifting up the key NSE 20 Share Index.

Safaricom, Kenya's leading telecom services provider, was the most traded stock after moving 2.8 million shares at 0.19 dollars, a decline of 0.26 percent. On Friday, the firm moved 2.4 million shares.

Barclays Bank was the day's second best traded stock after transacting 2.2 million shares at an unchanged price of 0.08 dollars.

Coming in third was cement-maker ARM, which went up 4.4 percent and moved 1.8 million shares at an improved price of 0.24 dollars.

KCB was fourth after trading 1.8 million shares at an increased price of 0.34 dollars, which was a rise of 1.4 percent, while CFC Insurance closed the list of the best traded stock after moving 723,500 shares at 0.58 dollars.

The NSE 20 Share Index closed Monday at 3,143.15, up from 3,128.69, while the All Share Index (NASI) ended at 133.65, up from 133.50. On the other hand, the NSE 25 Share Index closed the day at 3,539.06. Endit