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Vibrant trading of telecom, banking shares lift Nairobi bourse trading

Xinhua, May 8, 2017 Adjust font size:

Turnover at the Nairobi Securities Exchange (NSE) went up 75 percent on Monday, boosted by increased trading of telecom and banking stocks.

Some 33 million shares worth 19 million U.S. dollars were traded at the securities market, up from 17 million worth 4.6 million dollars in the last session.

Safaricom, Kenya's leading telecom operator, traded 23 million shares at a high of 0.20 dollars, a rise of 0.70 percent as the share maintained an upward trend. On Friday, the stock traded 12 million shares.

The stock was followed by Kenya Commercial Bank, which traded 6.4 million shares at a rise of 0.3 percent, with the share equally sustaining an upward trend.

Taking the third slot was Equity Bank with 782,500 shares that were traded at 0.34 dollars, a slight decline.

Barclays Bank had 782,500 shares transacted at 0.08 dollars to end at the fourth spot, while Coop Bank followed with 610,500 shares at 0.14 dollars, a rise of 0.2 dollars.

The NSE 20 share Index closed Monday at 3,154.38, up from 3,147.04, while the All share Index (NASI) ended at 136.82, up from 135.22 in the previous session.

Trading on the bond market rose to a record 36 million dollars, up from 14 million dollars. Endit