Investors too busy cheering Kenyatta to fret about vote spat

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Euphoria over a President Uhuru Kenyatta win boosted Kenya’s stocks by the most in Africa and sent Kenya’s dollar bonds higher.

The FTSE NSE Kenya 25 Index of stocks on Thursday advanced as much as 2.7 per cent to the highest level in two years. The yield on the nation’s Eurobonds due 2024 fell the most since March and the shilling was little changed.

On Friday, the bourse closed the week on a high note with a total of 1.4 billion shares traded against 207 million posted Thursday. The NSE 20 share Index surged by 201.09 points or 5.33 per cent to stand at 3976.98.

With ballots…

Source – Standard Media