Nairobi Stock Exchange gains 1% to close over 3000 for the first time in over a month 

Nairobi Securities Exchange (NSE) 20 Share index sustained momentum Wednesday gaining 30 points to close at 3,037.16.

The benchmark index had on Tuesday crossed above the psychological 3,000 mark to stand at 3,007.90, the first time in as many weeks following a rise in share prices of various stocks.

Wednesday, the index was boosted by rise in share prices of Safaricom, East African Breweries Ltd and several bank stocks.

Safaricom, Kenya’s leading telecom operator, was the day’s top traded stock, moving 12 million shares at a high of 0.18 dollars. The telecom had traded a paltry 511,000 shares Tuesday.

Equity Bank and Cooperative Bank were the second and third best stocks during the session after moving 2.8 million and 2.7 million shares respectively at 0.30 dollars and 0.14 dollars.

Kenya Commercial Bank, on the other hand, moved 2.1 million shares at 0.31 dollars to emerge fifth while Athi River Mining was fourth with 2.2 million shares at 0.19 dollars.Some 27 million shares valued at 5.8 million dollars were transacted from 23 million worth 4.6 million dollars in the previous session.The All Share Index (NASI) inched up 0.47 points to settle at 128.38 while the NSE 25 Share Index closed at 3,403.53. 

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