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Kenya's bourse key index pushed up by high local investors trading

Xinhua, May 10, 2017 Adjust font size:

Nairobi Securities Exchange (NSE) 20 Share Index rose 33 points Wednesday to settle at 3,175.41, boosted by growth in local investors trading amid increase in turnover.

Local investors boosted the market on Wednesday by raising participation to 39 percent, up from 14 percent in the previous session.

Kenya Commercial Bank was the top traded stock, supplanting Safaricom from the position as it moved 11.2 million shares at 0.33 U.S. dollars, a rise of 0.5 percent.

Equity Bank came second with 4 million shares at 0.32 dollars followed by KenolKobil and 3.5 million shares.

Safaricom, Kenya's leading telecom traded 2.2 million shares to end at the fourth spot.

Some 27.3 million shares valued at 7.3 million dollars were traded, up from 19 million shares worth 4.7 million dollars in the previous session.

At the bond segment, trading remained low with securities worth 24 million dollars transacted, down from 27 million dollars in the previous session. Endit