Capital Markets

Kenyan shares edge up for eighth session in a row

The benchmark NSE-20 share index is up about 15 per cent this year. FILE
The benchmark NSE-20 share index is up about 15 per cent this year. FILE 

Kenyan shares nosed ahead for the eighth straight session on Friday, lifted by foreign investors buying of large-cap stocks, while the shilling held steady.

The benchmark NSE-20 share index rose 0.3 per cent to 4,749.32 points, and has recouped 2.17 per cent after a two-week dip when investors booked gains after half-year results.

Gains in a few big stocks, namely Safaricom and EABL - together more than 30 per cent of the entire market, have pushed the NSE-20 up. Elsewhere, support has been limited and the overall market is slightly weaker.