Zambia’s financial sector
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On Tuesday, Kenya’s power utility KenGen, was the top traded stock after moving 15.4 million shares at a declined price of $0.09, Xinhua Net reported.

Following close behind was power distributor, Kenya Power, which traded 10.7 million shares at a 3% high of $0.10.

“Turnover at the Nairobi Securities Exchange rose to $9.8 million on a volume of 46 million shares, up from 8.7 million worth $2.1 million in the previous session, boosted by vibrant trading of energy stocks,” Xinhua reported.

Kenya Power: stocks rise for power sector

According to media, Equity Bank and Kenya Commercial Bank followed respectively at position three and four after trading 5.5 million and 3.9 million shares at $0.43 and $0.44.

The east African country’s top telecoms company Safaricom, closed the list of the best five traded stock after transacting 2.9 million shares at unchanged price of $0.24. Monday, the telecom traded 1.4 million shares, Xinhua reported.

“The benchmark NSE 20 Share Index sustained an upward trend going up 6 points to close at 4,013.71. On Monday, it gained 14.79 points to at 4,007.55,” the Chinese media agency reported.

They added: “Among the stocks that lifted up the index on Tuesday were Kenya Power, Kengen, British American Tobacco and Standard Chartered Bank, which went up between 0.1% and 1%.”

KenGen issues tender

In other news, KenGen invites eligible bidders for the design, supply, installation, testing and commissioning of a 500KVA emergency diesel generator for Kamburu Hydropower Station.

Please note that there shall be a mandatory site visit on 6 September 2017 at 10:00am at Kamburu Power station.

The deadline for submissions has been slated for 26 September 2017 at 10:00am. Read more… 

 

Featured image: Stock