Global markets experienced mixed performance during the week, with U.S. equities retreating amid renewed concerns over AI-driven disruption and shifting rate expectations, while European and Asian markets showed relative resilience. Bond markets rallied globally as yields declined on softer inflation data and risk-off sentiment.

Locally, the Nairobi Securities Exchange delivered a historic rally, with investor wealth increasing by over KES 220 billion. Strong domestic participation and increased trading activity underscored renewed confidence in Kenyan equities.

Key Highlights

 Global Markets

• Nasdaq -2.1%, S&P 500 -1.4%, Dow -1.2%

• FTSE +0.7%, DAX +0.8%

• Nikkei +5.0% to multi-year highs

• U.S. 10-year yield declined to 4.06%

 Kenya Equities

• NASI +6.9% to 216.69

• Market cap at KES 3.42 trillion

• Turnover up 54.3% to KES 7.35 billion

• Strong retail momentum following Ziidi Trader launch

• Sasini Plc (+53.6%) and Eveready EA (+28.5%) among top gainers

 Fixed Income

• Treasury bill auction oversubscribed by 308.8%

• 364-day yield declined to 8.98%

• Secondary bond turnover rose 33.2%

• Eurobond yields eased on improved sovereign outlook

 Macroeconomic Update

• Fuel prices revised downward (Petrol: KES 178.28)

• CBK cut CBR to 8.75%

• Improved liquidity and stable inflation expectations

As Q2 approaches, focus shifts to upcoming earnings releases, inflation data, and CBK guidance, which will determine the sustainability of the current bullish momentum across equities and fixed income markets.

For full analysis and detailed market tables, download the complete Weekly Rock Pulse report. Weekly Rock Pulse – 13th February 2026_

The 11th February edition of Market Rockers highlights a dynamic trading week shaped by sector rotation and evolving investor sentiment. Equity markets experienced selective profit-taking alongside renewed interest in resilient counters, reflecting tactical portfolio adjustments.

Fixed income markets remained firm, with continued demand across government securities as investors sought stable yield opportunities amid moderating inflation expectations. Currency markets demonstrated resilience, supported by balanced market flows and improved confidence indicators.

Markets remain cautiously optimistic, underpinned by improving liquidity conditions and structured investment positioning.

Key Highlights

• Equities:

  • Sector rotation evident across key counters.

  • Profit-taking observed in recent outperformers.

  • Renewed interest in defensive and value plays.

• Fixed Income:

  • Continued appetite for government instruments.

  • Stable yield environment.

  • Strategic duration positioning by investors.

• Currency Market:

  • Relative stability maintained.

  • Balanced demand-supply dynamics.

• Investor Sentiment:

  • Cautious optimism sustained.

  • Monitoring macroeconomic and policy developments closely.

Read More: 11th February 2026- Market Rockers Report

The 10th February edition of Market Rockers captures a week marked by steady market participation and strategic portfolio adjustments across asset classes. Equity markets reflected measured investor confidence, supported by selective accumulation in key counters and moderated trading volumes.

In fixed income, investor appetite remained firm, particularly within government securities, as market participants continued to balance yield optimization with liquidity management. The currency market maintained relative stability, supported by consistent flows and disciplined positioning.

Overall, the week reflected a market environment characterised by prudence, selective opportunity capture, and steady institutional participation.

Key Highlights

• Equities:

  • Measured trading activity with selective accumulation.

  • Institutional positioning in fundamentally strong counters.

  • Balanced market breadth across sectors.

• Fixed Income:

  • Sustained demand for government securities.

  • Yields remained relatively stable.

  • Liquidity levels supportive of continued activity.

• Currency Market:

  • Stable exchange rate movements.

  • Controlled volatility supported by steady inflows.

• Investor Outlook:

  • Disciplined positioning ahead of upcoming macro signals.

  • Focus on value-driven opportunities.

Read More: 10th February 2026- Market Rockers Report

 It provides a comprehensive overview of capital markets performance across equities, fixed income, derivatives, currencies, and global markets. The report highlights continued bullish momentum in the equities market, improved foreign investor participation, and increased trading activity within the bond and derivatives markets. It also provides insights into key corporate announcements and global macroeconomic developments influencing investor sentiment.

Key Highlights

Equities Market

• Major NSE indices closed higher, reflecting sustained positive market sentiment.

• Banking sector stocks led gains, supported by strong investor activity.

• Foreign investors shifted to net inflows, signalling renewed confidence in the market.

• Equity Group, KCB Group, and Safaricom ranked among the most actively traded counters.

• Top gainers included Sasini, Africa Mega Agricorp, Limuru Tea, and Stanbic Holdings.

Fixed Income Market

• Bond market turnover increased significantly, indicating improved investor participation.

• FXD securities dominated trading activity, with infrastructure bonds recording strong interest.

• Treasury bill rates remained relatively stable with slight downward adjustments.

Derivatives Market

• Total contract value and trading volumes increased notably, reflecting growing derivatives market activity.

• Open interest levels showed steady participation from market players.

Currency & Global Markets

• The Kenya Shilling remained largely stable against major global currencies.

• Global equity markets recorded gains, supported by strong corporate earnings and improving emerging market sentiment.

• Oil prices remained relatively stable amid geopolitical developments and supply adjustments.

Outlook
Market activity continues to reflect cautious optimism, supported by improving liquidity conditions, stable macroeconomic indicators, and sustained investor participation across asset classes.

Read More: 9th February 2026- Market Rockers Report

The Weekly Rock Pulse – 6 February 2026 provides a comprehensive overview of global and local market developments, highlighting mixed global equity performance, resilient African markets, and strong domestic investor sentiment.

Global equities reflected cautious optimism as earnings performance and central bank signals drove sector rotation. Locally, the Nairobi Securities Exchange recorded robust gains, supported by increased trading activity, strong participation in large-cap stocks, and positive corporate actions. Fixed income markets remained active, with Treasury Bills auctions significantly oversubscribed, indicating strong appetite for longer tenors amid easing rate pressures.

The report also captures key macroeconomic trends, including Kenya’s PMI remaining in expansion territory and easing inflation, offering constructive signals for economic momentum into early 2026.

Website Highlights

• Global Markets: Mixed performance as investors rotated from mega-cap tech to value and cyclical stocks amid earnings season and Fed policy signals.

• Kenya Equities: NSE All Share Index rose 3.8%, driven by strong gains in telecommunications and increased market participation.

• Safaricom: Investor sentiment strengthened following the declaration of an interim dividend of KES 0.85 and progress on digital investment platforms.

• Trading Activity: Equity turnover increased 6.9% week-on-week, reflecting improved liquidity and active foreign participation.

• Fixed Income: Treasury Bills auctions were heavily oversubscribed, with strongest demand in the 364-day tenor, signaling confidence in longer-dated instruments.

• Eurobonds: Yields declined on improved sovereign credit outlook and stronger investor confidence.

• Macroeconomics: Kenya’s PMI remained above the 50-point threshold, signaling continued private-sector expansion despite moderating growth.

Read More: Weekly Rock Pulse – 6th February 2027

The Kenyan equities market closed firmly bullish, supported by broad-based gains across key indices and a sharp increase in trading activity. The Nairobi All Share Index (NASI) advanced 2.0% to close at 202.31, reflecting improved local investor sentiment despite continued foreign outflows.

Market turnover rose significantly by 67.0% to KES 1.29 billion, driven largely by heightened activity in large-cap counters, particularly Safaricom. Across asset classes, momentum extended into the bond and derivatives markets, while global markets remained mixed amid pressure on technology stocks and renewed geopolitical risks influencing oil prices.

Market Highlights

Equities Market

• NASI gained 2.0%, with all major indices closing higher.

• Equity turnover surged 67.0% to KES 1.29 billion, signalling stronger market participation.

• Foreign investors recorded net outflows of KES 388.86 million, maintaining a bearish stance.

• Safaricom was the most traded stock, accounting for 47.6% of total market turnover, closing 4.4% higher at KES 31.95.

• Safaricom’s performance was supported by the announcement of a KES 0.85 interim dividend, representing a 54% year-on-year increase.

Top Gainers

• Africa Mega Agricorp Plc (+10.0%)

• Longhorn Publishers Plc (+8.1%)

• Eaagads Plc (+5.2%)

• Crown Paints Kenya Plc (+5.1%)

• Safaricom Plc (+4.4%)

Bond & Derivatives Market

• Bond turnover increased 29.5% to KES 13.67 billion, with Fixed Coupon Bonds dominating activity.

• The derivatives market recorded a sharp rise in volumes and contract values, reflecting growing investor interest.

Global Markets

• Global equities were mixed, with U.S. tech stocks under pressure while defensive and value sectors outperformed.

• Oil prices firmed, supported by renewed geopolitical tensions, although gains were capped by oversupply concerns.

Read More: 5th February 2026- Market Rockers Report

The equities market closed higher, with the Nairobi All Share Index (NASI) gaining 0.9% to close at 198.38, supported by gains in select large-cap stocks. However, the positive index performance was accompanied by lower trading activity, pointing to selective participation rather than broad-based buying.

Equity turnover declined 37.0% to KES 772.31 million, while foreign investors remained net sellers. Safaricom dominated market activity, providing key support to overall market performance.

Equities Market

• NASI advanced 0.9%, with major indices closing in positive territory.

• Equity turnover declined 37.0%, signalling cautious market participation.

• Foreign investors recorded net outflows of KES 139.96 million.

• Safaricom was the most traded stock, accounting for 28.4% of total turnover, closing 2.0% higher at KES 30.60.

Top Gainers

• Africa Mega Agricorp Plc (+10.0%)

• Flame Tree Group Holdings Ltd (+9.3%)

• Express Kenya Plc (+5.1%)

• Kakuzi Plc (+4.9%)

• TotalEnergies Marketing Kenya Plc (+4.4%)

Top Losers

• Eaagads Plc (-8.2%)

• East African Portland Cement Plc (-7.9%)

• Crown Paints Kenya Plc (-7.3%)

• Longhorn Publishers Plc (-6.6%)

• HF Group Plc (-3.7%)

Bond & Derivatives Market

• Bond turnover rose 29.5% to KES 13.67 billion, driven mainly by Fixed Coupon Bonds.

• IFB1/2018/15Yr was the most actively traded bond.

• Derivatives market activity declined, though open interest edged higher.

Global Markets

• Global equities weakened, led by declines in U.S. technology stocks.

• Oil prices edged higher, supported by geopolitical risks amid oversupply concerns.

Read More: 4th February 2026- Market Rockers

Kenyan equities opened the week on a firm footing, extending the bullish momentum seen in recent sessions despite growing global macro uncertainty. The Nairobi All Share Index (NASI) gained 0.7%, supported by broad-based buying across key indices, with banking stocks leading the advance.

Market activity strengthened significantly, with equity turnover rising to KES 609.23 million, reflecting increased participation by local investors, who accounted for over 81% of total trading activity. However, foreign investors turned net sellers, recording KES 150.34 million in net outflows, signaling short-term caution amid global risk repricing.

Gains were driven by select counters including Olympia Capital, Express Kenya, Kenya Airways, and the ABSA New Gold ETF, while mild profit-taking weighed on stocks such as NCBA Group and Standard Chartered Bank Kenya. KCB Group and Safaricom dominated trading volumes, together accounting for over 60% of total market turnover.

In the fixed income market, bond turnover softened as investor focus remained on longer-dated securities amid stable interest rate expectations. Treasury Bill yields showed mixed movements, with the 91-day rate easing, reflecting continued demand for short-term liquidity management instruments.

Globally, markets faced renewed pressure as investors reacted to heightened policy uncertainty, commodity price weakness, and shifts in U.S. monetary leadership expectations. Declines in oil prices and a stronger U.S. dollar contributed to a more cautious global risk environment, influencing foreign participation across emerging and frontier markets.

Overall, the session reflected a market balancing local optimism and earnings-driven positioning against global uncertainty, with domestic investors continuing to provide strong underlying support.

Read more: 2nd February 2026- Market Rockers Report

The Kenyan equities market closed mixed, as cautious investor sentiment and subdued trading activity limited overall momentum. Market participation remained thin, with gains in select counters offset by declines elsewhere, reflecting a continued wait-and-see approach among investors.

Foreign investor activity leaned negative, sustaining pressure on liquidity, while trading remained concentrated in a few large-cap stocks, resulting in limited market breadth.

Equities Market

• Market closed mixed, with no clear directional bias across indices.

• Trading activity remained subdued, signalling cautious investor positioning.

• Foreign investors recorded net outflows, extending offshore selling pressure.

• Market activity was concentrated in a handful of large-cap counters.

Top Gainers

• Select counters posted gains on thin volumes, led by stocks in the agricultural and manufacturing sectors.

Top Losers

• Losses were recorded across several mid-cap stocks as investors engaged in profit-taking.

Bond & Derivatives Market

• Bond market activity was moderate, with demand focused on fixed-income securities offering stable yields.

• Derivatives trading remained muted, reflecting limited speculative positioning.

Global Markets

• Global markets traded mixed, weighed down by uncertainty around U.S. monetary policy and corporate earnings outlooks.

Read More: 3rd February 2026- Market Rockers

The Weekly Rock Pulse provides a concise snapshot of global and Kenyan financial markets, helping investors and decision-makers stay grounded amid shifting macro and policy dynamics.

This week, global markets were mixed as earnings season, central bank policy signals, and sector rotation shaped sentiment. In the U.S., strong mega-cap earnings supported equities despite lingering uncertainty around interest rate direction. Europe showed resilience in defensives, while Asian markets softened on growth and consumption concerns.

Locally, the Nairobi Securities Exchange recorded bullish momentum, driven by stronger trading activity and renewed domestic investor participation. Select earnings — particularly in manufacturing and banking  guided sector performance, while fixed income markets saw strong demand for longer-dated Treasury Bills, reflecting cautious but confident positioning.

Inflation continued to ease, remaining within the CBK target range, reinforcing expectations of macro stability in 2026. Overall, the week highlighted a market balancing opportunity with caution, anchored by improving local fundamentals and evolving global signals.

Weekly Rock Pulse – 30th Januar…

Key Highlights

• Global equities ended mixed as earnings, policy uncertainty, and sector rotation dominated sentiment

• U.S. mega-caps delivered strong earnings, while AI-related spending raised near-term questions

• Kenyan equities posted a 0.4% weekly gain, supported by higher turnover and domestic participation

• Trading activity rose sharply to KES 4.45 billion, with domestic investors accounting for over 70% of activity

• Treasury Bills auction was heavily oversubscribed, with strong demand for 364-day paper

• Eurobond yields declined following improved investor confidence and Moody’s upgrade

• January 2026 inflation eased to 4.4%, remaining comfortably within the CBK target range

• Market focus shifts to upcoming earnings releases, inflation data, and policy direction

Read More: Weekly Rock Pulse – 30th January 2026_