Kenya: EABL Closes Week As Most-Traded Stock

The NSE20 closed at a fresh 12 month-high for the 2nd consecutive session. The NSE20 improved 14.43 points to close at 3840.36. The Benchmark Index has rallied 635 points and 19.812% in 2012.

The Nairobi All Share closed + 0.28 points at 83.54. Foreign investor participation has averaged at about 50% through the year and this has been skewed to the buy side.I believe international accounts have increased ssa equity weighting from an egregiously underweight position to a less underweight but still underweight position and it is this that has proven a rising tide this year, particularly in the blue chip big cap counters like KCB, EABL, Safaricom, BAT. Market Cap was 1.101756 Trillion. Equity turnover was 185.159m.

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