|
NAIROBI, Sept. 20 (Xinhua) -- The Nairobi Securities Exchange (NSE) turnover rose 68 percent to 4.8 million U.S. dollars Tuesday on a volume of 21 million shares from 12 million shares worth 2.8 million dollars the previous day.
However, despite the surge in trading, Tuesday's session was characterized by decline in prices of top stocks.
Some 14 stocks that make the indicative NSE 20 Share Index registered price drops, sending the indicator 27 points lower to 3,192.31.
On the other hand, Kenya Power, Sasini, Kenya Airways and Barclays Bank lost as much 10 percent on their share prices.
Safaricom was the day's biggest mover, with 5.3 million shares changing hands at an average of 0.19 dollars.
In the banking sector, some 11.4 million shares that represented 53 percent of the day's traded volume were traded.
Kenya Commercial Bank actively moved 4.8 million shares at 0.26 dollars, while Cooperative Bank was unchanged at 0.11 dollars to trade 3.5 million shares.
The commercial and services sector had 1.6 million shares traded while the energy sector traded 1.3 million shares.
The bond market had securities worth 14 million dollars transacted compared to 16 million dollars registered the previous session. Enditem
