Kenya's key bourse index rises amid decline in turnover

Source: Xinhua| 2017-08-04 01:18:36|Editor: huaxia
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NAIROBI, Aug. 3 (Xinhua) -- Nairobi Securities Exchange (NSE) benchmark 20 Share Index on Thursday rose 32 points, reversing a negative that had seen it fall in the past two trading sessions.

The index closed the day at 3,773.52 from 3,741.46, a rise of 32.06 points as various large stocks went up.

However, amid the rise, turnover declined Thursday to 7.6 million U.S. dollars on a volume of 43 million shares from 51 million valued at 11 million dollars.

The decline was a continuation from Wednesday session as mainly local investors cut trading, with their participation standing at 32 percent from 47 percent.

KenolKobil for the second consecutive trading session was the top traded stock after moving 14.5 million shares at 0.15 dollars, a slight increase.

Safaricom, as in Wednesday trading, was the second best traded stock after moving 12.1 million shares at 0.24 dollars, a rise of 1.2 percent. The leading telecom in Kenya has traded 13 million shares in the past session.

KenGen took the third spot after trading 6.6 million shares at 0.08 dollars, a rise of 0.6 percent, followed by Barclays Bank at 2.5 million shares.

Kenya Airways closed the list of the best traded stock after 1.5 million shares at 0.05 dollars, a decline of 5 percent.

At the bond market, turnover dropped to 4 million dollars down from 8 million dollars in the previous session. Enditem