Kenya's bourse benchmark index closer to 3,300 points

Source: Xinhua| 2017-05-23 00:55:57|Editor: huaxia
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by Bedah Mengo

NAIROBI, May 22 (Xinhua) -- The Nairobi Securities Exchange (NSE) 20 Share Index sustained upwards trend Monday, inching closer to the 3,300 points mark.

The benchmark index ended at 3,296.16, up from 3,285.49 in the previous session as it gravitated towards the new level that is six months high amid rise in share prices of large stocks.

Similarly, the All Share Index (NASI) ended at a high of 140.83 while the NSE 25 Share index closed the day at 3,741.91.

Safaricom, Kenya's leading telecom, was the top traded stock during the session after trading 24 million shares down from 29 million shares at unchanged price of 0.20 U.S. dollars.

KenolKobil, a regional oil marketer, came second with 7.8 million shares at 0.12 dollars after going up 0.8 percent while Kenya Commercial Bank was third with 764,400 shares at an increased price (0.7 percent) of 0.38 dollars.

Housing Finance and Cooperative Bank closed the list of the top five traded stocks with 625,300 and 549,700 shares respectively.

Other shares that went up during the trading session were Umeme, Egad, Nation Media Group and Jubilee Insurance.

A total of 35.5 million shares valued at 7.1 million dollars were traded against 44 million shares valued at 11 million dollars posted on Friday. Enditem