KenGen Records Longest Winning Streak in 3 Months: Nairobi Mover
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Kenya Electricity Generating Co., the East African nation’s biggest power producer, gained for a fifth day, marking its longest winning streak in more than three months, as plans to boost output attract foreign investors.
Shares in the Kenyan bourse’s second-best performer this year advanced 2.8 percent to 16.75 shillings by the close in Nairobi, the longest stretch of increases since April 2 and the highest level since June 13. More than 1.1 million shares were traded, or 2.5 times the three-month daily average.