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NSE turnover hits new high since January

NAIROBI, Kenya, Mar 14 – Some 71 million shares worth Sh1.2 billion were traded at the Nairobi Securities Exchange (NSE) Monday as the bourse registered its best trading day since January.

The turnover was boosted by solid volumes and active trading of Safaricom shares, lifting total trading up 222 percent from 23 million shares worth Sh400 million last Friday.

Before Monday’s turnover, trading had hit a high of Sh1.1 billion on a volume of 71 million shares on February. 9.

Leading telecom operator Safaricom, the day’s biggest mover, traded 51 million shares valued at Sh904 million at a new high of Sh18.50, representing 68 percent of the traded volumes.

Electricity generator Kengen came in second with 11.5 million shares at Sh6.17, while Kenya Commercial Bank (KCB) followed third moving 3.9 million shares at a peak of Sh29.81.

The benchmark NSE 20 Share Index was up 7.45 points to stand at 2,970.53 while the All Share Index (NASI) gained 2.08 points to stand at 124.55. The NSE 25 Share Index added 50.78 points to stand at 3,281.30.

The bond market witnessed improved activity with bonds worth 36 million dollars transacted compared to 14 million in previous session.

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