Kenya NASI Gains 0.2% as Turnover Jumps 44% | Kenya Market Report, Oct 2
Nairobi gained for a second day on Friday, with the NSE All Share Index up 0.2% to 247.32 as turnover jumped 44% and the shilling held near 128.70. The post Kenya NASI Gains 0.2% as Turnover Jumps 44% | Kenya Market Report, Oct 2 appeared first on The Rio Times .
Kenya's stock market saw a modest gain on Friday, with the NSE All Share Index (NASI) climbing 0.20% to 247.32 points. Trading volume was higher than Thursday, with turnover increasing by about 44% to KES 622.80 million. While the broad NASI index showed a narrow gain, the NSE 20 Share Index gained 0.11% to 4,323.60 points. The banking sector also saw gains, with Safaricom, Equity Group, and KCB Group closing higher.
However, not all stocks performed well, with some falling and the NASI gaining only 0.20%. The Kenyan shilling remained relatively stable at 128.70 per US dollar. Investors are now looking to the Central Bank of Kenya's (CBK) rate decision on Wednesday, as higher turnover alongside a modest price gain suggests cautious investor activity.
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