Kenyan bourse trading driven by local investors

Turnover at the Nairobi Securities Exchange (NSE) surged on Monday, boosted by increased trading of energy sector stocks by local investors.

Turnover stood at 9.5 million U.S. dollars on a volume of 46 million shares, from 31 million shares worth 7.2 billion dollars of Friday last week.

Oil marketer KenolKobil traded 32 million shares to end the session as the top moved stock. Local investors mainly sold the stock.

Safaricom, Kenya’s leading telecom operator, came second with 4.4 million shares traded.

At the third spot was Equity Bank, which moved 3.6 million shares, followed by CIC Insurance with 1.5 million shares, while HomeAfrika closed the top five traded stocks with 473,300 shares.

The NSE 20 Share Index closed at 3,726.74 points, down from last Friday’s 3,755.95.

The NSE All Share Index stood at 180.91, down from 181.26, while the NSE 25 index rose to 4,589.05, from 4,587.62 of last Friday.

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