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Large Stocks at Nairobi Bourse Recover, Lifting Benchmark Index-Sep 8
 

Large stocks at the Nairobi Securities rose considerably on Friday to lift the benchmark 20 Share Index 35 points up as prices recovered following the turmoil after cancellation of Aug. 8 polls.

The NSE 20 Share Index closed at 3,839.99 points from 3,805.22 in the previous session, where it had gained 18 points on Thursday.

On the other hand, the NSE All share Index (NASI) was up 1.65 points to close at 165.65 points, a steady climb.

Some of the stocks that rose by between 0.4 percent and 9 percent were Safaricom, Kenya Airways, Kenya Power, Sasini and Standard Chartered Bank.

Market turnover, however, stood at 4.6 million dollars on a volume of 15 million shares from 36 million shares worth 12 million dollars in previous session.

Equity, Cooperative Bank, Kenya Commercial Bank (KCB), East Africa Breweries Ltd and Safaricom accounted for 83 percent of the total turnover.

The most traded counters were Cooperative Bank, Equity Bank, Safaricom, KCB and KenolKobil moving 5.3 million, 2.5 million, 1.8 million, 1.8 million and 0.9 million shares respectively.

Foreign investors' participation during the session stood at 51 percent and local participation at 49 percent. At the bond market, turnover went down by 12 percent to stand at 13 million dollars.


(www.chinaview.cn 2017-09-11)
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