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Kenya's Bourse Key Index Surges Towards Record 3,800 Points-July 26
 

Nairobi Securities Exchange (NSE) 20 Share Index on Wednesday gained a record 39 points, moving towards the 3,800 mark as prices of various top stocks rose.

The benchmark index ended the day at 3,768.38 from 3,729.81 on Tuesday boosted by rise in prices of Safaricom, East African Breweries Ltd, Kenya Power and British American Tobacco.

At least 10 stocks that make up the 20 Share Index went up during the Wednesday trading session.
However, equity turnover declined as some 27 million shares valued at 7.7 million dollars were traded, down from 43 million shares worth 12 million dollars in the previous session.

Safaricom, Kenya's leading telecom was the top traded stock moving 11 million shares at 0.24 dollars, a 1.1 percent rise. Tuesday, the telecom moved 18.1 million shares.

Insurance firm Britam was the second most transacted stock after moving 8.1 million shares at unchanged price of 0.13 dollars.

Kenya Power followed with 2.6 million shares going up marginally to close at 0.08 dollars while Kenya Commercial Bank came fourth with 1.4 million shares at 0.39 dollars.

KenyaRe, an insurance firm, moved 1.1 million shares at 0.23 dollars to close the list of the most traded stocks during the session.

The NSE All Share Index closed the day at 158.35 from 157.05 as it also sustained an upward trend.


(www.chinaview.cn 2017-07-27)
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