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Nairobi stock market turnover rises on foreigners' vibrant trading

Xinhua, April 25, 2017 Adjust font size:

Nairobi Securities Exchange (NSE) turnover rose to 6.6 million U.S. dollars Tuesday, up from 3.1 million dollars in the previous session, boosted by increased foreign trading.

The foreign traders, whose participation stood at 77 percent, raised buys by 214 percent and sales by 333 percent.

Safaricom, Kenya's leading telecom, was the best traded stock after transacting 13 million shares at 0.18 dollar, a decline of 0.8 percent.

Kenya Commercial Bank was second top mover after trading 7.4 million shares at a declined price of 0.31 dollar, a drop of 8.8 percent while Equity Bank came in third with 5.3 million shares traded at 0.33 dollars.

The decline of major stocks pushed the NSE 20 share Index down to 3,137.41 from 3,143.15 while the All share Index (NASI) ended at 132.71 from 133.65.

The bond market had securities worth 33 million dollars transacted compared to 18 million dollars posted the previous session. Endit