The Nairobi Securities Exchange (NSE) turnover and key index rose Tuesday as the market appeared to be headed for a major bull-run after two years of poor performance.

The NSE 20 Share Index gained 37 points to settle at a new high of 4,114.01 from the previous session’s 4,076.94.

The rally was a continuation from last week, with the index recording its major gain Monday after surging by 100 points.

At least seven stocks led by Cooperative Bank, Britam and Equity Bank, rose to push up the benchmark index on Tuesday.

Turnover increased to 8.4 million dollars on a volume of 36 million shares from 34 million shares worth 8 million dollars on Monday.

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The Nairobi All Share ended the day at 168.71, a slight decline from 168.8 in the previous session as the index slowed down.

Monday, the index rose 2.31 percent, the biggest percentage gain in 2017, to close at highest level since May 2015. Enditem

Source: Xinhua/Newsghana.com.gh