Kenya bourse turnover, benchmark index recover

NAIROBI, Dec. 19 (Xinhua) -- Kenya's Nairobi Securities Exchange (NSE) benchmark index and turnover recovered on Tuesday amid surge in prices of selected large stocks.

Turnover rose 183 percent to close the day at 8.9 million U.S. dollars on a volume of 38 million shares from 13.4 million shares worth 3 million dollars on the previous trading day.

Similarly, the NSE 20 Share Index gained 5.63 points to end the session at 3,696.13. The index had lost 17.26 points in the previous session.

On the other hand, the NSE All share Index (NASI) declined marginally to 170.16 from 170.59 points in the previous session.

Some of the stocks that lifted the NSE during the trading were Standard Chartered Bank, Sasini, British America Tobacco and Centum, going up by between 0.5 percent and 7 percent.

The most traded counters were Safaricom, Kenya Commercial Bank, HomeAfrika, Uchumi and Cooperative Bank, moving 24 million, 2 million, 1.5 million, 1.2 million and 1.1 million shares respectively.

Foreigners' participation stood at 54 percent, up from 50 percent in the previous session as locals declined to 46 percent.

At the bond market, the turnover declined to stand at 9 million dollars from 15 million dollars in Monday trading. Enditem