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Kenyan stocks rally ahead of Easter

Xinhua,March 30, 2018 Adjust font size:

NAIROBI, March 29 (Xinhua) -- Equity turnover at the Nairobi Securities Exchange (NSE) more than doubled on Thursday as the market ended on a high ahead of the Easter break.

Turnover stood at 17 million U.S. dollars on a volume of 42 million shares rising from 6.7 million dollars from 22 million shares on Wednesday. The trading was lifted by Safaricom, Kenya Commercial Bank (KCB) and Kenol Kobil.

The NSE 20 Share Index rose 28.78 points to stand at 3,845.34 points, ending a losing trend since Monday that saw it stand at 3,816.56 on Wednesday.

The index was lifted by Kenya Airways, British American Tobacco, KCB and Equity Bank which gained between 0.5 percent and 10 percent.

On the other hand, the NSE All Share Index (NASI) gained to close at 191.23 from 189.34 while the NSE 25 Share Index closed at 4,956.76 on Thursday from 4,920.91.

The day's top movers were Safaricom, KCB, Kenol Kobil, Equity Bank and Housing Finance which traded 12 million, 7.5 million shares, 6.5 million shares, 6 million shares and 1.3 million shares respectively. Enditem

 

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