Kenyan bourse investors' wealth hits three-month high as blue chips rise

Source: Xinhua| 2019-01-12 00:58:10|Editor: huaxia
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NAIROBI, Jan. 11 (Xinhua) -- Investors' wealth at the Nairobi Securities Exchange (NSE) gained a whopping 79 billion shillings (782 million U.S. dollars) this week to close at three-month high, market data shows on Friday.

Market capitalization, which measures shareholders' wealth, surged to stand at 21.1 billion dollars on Friday, up from 20.4 billion dollars at the start of Monday, indicates the NSE.

The index was boosted by a rise in prices of blue chip stocks, which have been on a rebound the entire week, enabling investors to recoup losses.

Some of the bullish blue chip stocks during the week, according to the market data, were Equity Bank, Britam, Safaricom, CFC Stanbic, KenolKobil and Kengen, which rose between 1 and 10 percent.

With rise in stock prices, other key indices similarly surged, with the benchmark NSE share index ending Friday at 2,794.43, up from 2,771.13 at the start of Monday, say the NSE.

On the other hand, the NSE Share Index closed on Friday at 142.61 from 137.35 at the start of the week, a rise of 5.26 points. Enditem