Investors started buying beaten-down shares after the Nasdaq confirmed a corrective phase earlier this month and the S&P 500 on an intra-day basis briefly broke that barrier this week.

The derivatives market of the NSE recorded an increase in activity today with 9 contracts valued at kes 290,250 as compared to 4 contracts valued at kes 126,000  concluded in the previous trading session .

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The Dow Jones Industrial Average closed up 52.31 points, or 0.20%, to 26,815.44. The S&P 500 gained 9.67 points, or 0.30%, to 3,246.59, and the Nasdaq Composite added 39.28 points, or 0.37%, to 10,672.27.

There were 4 contracts valued at kes 126,000 concluded in today’s trading session on the derivatives market of the NSE.