Market News

Stock market turnover rises 58pc after poll tensions ease

A Nairobi Securities Exchange employee monitors electronic trading board. FILE PHOTO | NMG
A Nairobi Securities Exchange employee monitors electronic trading board. FILE PHOTO | NMG 

Turnover at the stock market rose 58 per cent in November compared to October as the political tension in the country eased on the conclusion of the bitterly contested presidential poll.

Market data compiled by Standard Investment Bank (SIB) shows investors traded a total of Sh14.7 billion in November, up from Sh9.3 billion in October when the country held the repeat election amid protests.

The main indices at the Nairobi Securities Exchange (NSE) also gained during the month, driven by rise in large cap counters such as Safaricom #ticker:SCOM, which hit an all-time trading high of Sh28.50 last month.

The largest stock at the NSE was up 7.8 per cent during the month.