Nairobi Securities Exchange equity turnover up 52.5 per cent

Equity turnover rose 52.5 per cent buoyed by improved foreign investor trading. Safaricom, Nation Media and EABL were the most active counters accounting for 55.3 per cent of market activity.

After touching a high of 16.35 in the previous session, Safaricom retreated by 2.1 per cent despite notable foreign investor demand.

Weighed down by sustained foreign investor selling, Nation Media shed 2.7 per cent to Sh178 - 1.7 per cent shy of its 52 week low.

Up 7.7 per cent, Mumias Sugar continued on its upward momentum due to speculative local investor interest.

Crown Berger notched 1.2 per cent higher ahead of books closure for its 2:1 bonus issue today. Down 3.6 per cent, NSE was among the leading losers ahead of books closure for final dividend on Thursday.