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Kenya’s bourse benchmark index rises for fifth trading session

Nairobi Securities Exchange (NSE) 20 Share Index edged 10 points up Monday to close the day at 3,033.33, sustaining gains for the fifth consecutive session.

The rise pushes the index to a new high as it shows signs of recovery after being hit by a bear-run that eroded the value of most large stocks.

Monday’s increase was attributed to eight large stocks led by CFC Stanbic, Kenya Power and Scangroup which rose by between 0.3 percent and 4.5 percent.

Safaricom, Kenya’s leading telecom was the day’s top trader after moving 2.06 million shares at a declined price of 0.17 dollars. Last Friday, Safaricom traded 32 million shares.

Equity Bank was the second biggest mover during the session transacting 2.05 million shares at unchanged price of 0.25 dollars.

Kenya Airways, Kengen and Kenya Power were the other top traders respectively but did not trade more than a million shares. Kenya Airways moved 500,600 shares, Kengen 401,100 and Kenya Power 227,100 all at unchanged prices.

Some 6.2 million shares valued at 1.1 million U.S. dollars were transacted from 46 million worth 9.6 million dollars.

All share Index (NASI) was up to stand at 125.88 from 126.53 while the NSE 25 Share index closed at 3,297.87 from 3,297.51 last Friday. Enditem

Source: Xinhua/NewsGhana.com.gh

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