Equities Rally as Foreign Investors Return

Market Summary

The Nairobi Securities Exchange began the week on a bullish note, with the Nairobi All Share Index (NASI) advancing 0.5% to close at 210.87. Gains were supported by improved liquidity, increased investor participation and a significant turnaround in foreign investor activity.

Equity turnover surged 48.1% to KES 1.03 billion, reflecting renewed market activity. Foreign investors recorded net inflows of KES 37.53 million, a notable reversal from the previous session’s net outflows of KES 204.55 million.

Market capitalization rose to KES 3.33 trillion, up 0.5% from the prior session.

Key Highlights

Equities Market

• NASI: +0.5%

• NSE-10: +0.3%

• NSE-20: +0.2%

• NSE-25: +0.3%

• Banking Sector Index: +0.3%

• Equity turnover: KES 1.03Bn (+48.1%)

• Foreign participation: 18.7% of total activity

• KCB Group was the most traded counter (KES 219.37Mn turnover)

Top Gainers

• Uchumi Supermarkets: +9.2%

• Flame Tree Group: +8.9%

• Kenya Airways: +7.0%

• Sasini: +5.7%

• E.A Portland Cement: +4.3%

 Top Losers

• Unga Group: -4.5%

• Home Afrika: -3.5%

• Eveready Plc: -3.0%

• Shri Krishana Overseas: -2.7%

• Limuru Tea: -2.6%

Fixed Income Market

Bond turnover increased 11.2% to KES 32.21Bn, although the number of trades declined by 38.2%. Treasury bill yields eased marginally across all tenors:

• 91-day: 7.59%

• 182-day: 7.75%

• 364-day: 8.90%

Global Markets

Global equities recorded modest gains across major U.S. indices, while oil prices remain elevated amid geopolitical concerns.

For more insights and detailed sector analysis

23rd February 2026- Market Rockers Report

The Nairobi Securities Exchange extended its bearish momentum in today’s trading session, with key indices closing lower amid declining turnover and sustained foreign investor outflows. The Nairobi All Share Index (NASI) dipped 0.6% to 209.88, while total equity turnover fell 6.3% to KES 698.29 million.

Foreign investors remained net sellers, recording outflows of KES 204.55 million compared to KES 47.44 million in the previous session. Market participation remained largely local at 65.3%, with foreign participation accounting for 34.7%.

In the fixed income market, bond turnover surged 38.3% to KES 28.97 billion, signaling increased activity in government securities. Globally, major U.S. indices retreated, while oil prices strengthened on geopolitical tensions in the Middle East.

Key Highlights

 Equities Market

• NASI declined 0.6% to 209.88.

• NSE-10, NSE-20, NSE-25 all closed lower, reflecting broad-based weakness.

• Equity turnover decreased to KES 698.29 million.

• Net foreign outflows widened to KES 204.55 million.

 Top Movers

Top Gainers:

• Shri Krishana Overseas Plc ▲ 9.5%

• Uchumi Supermarkets ▲ 7.0%

• Centum Investments ▲ 3.0%

Top Losers:

• Sasini ▼ 8.4%

• Eveready Plc ▼ 7.5%

• Crown Paints ▼ 4.4%

Most Traded Counters

• BK Group Plc – 23.3% of total market turnover (KES 162.87 million)

• Safaricom Plc – 19.6% of total turnover

• KCB Group Plc – 13.8% of total turnover

 Fixed Income Market

• Bond turnover increased to KES 28.97 billion.

• FXD segment accounted for 68.83% of trades above KES 50 million.

• Treasury bill yields eased slightly across the 91-day, 182-day, and 364-day tenors.

 Global Markets

• U.S. markets closed lower:

  • Dow Jones ▼ 0.5%

  • S&P 500 ▼ 0.5%

  • Nasdaq ▼ 0.3%

• Oil prices gained on renewed geopolitical tensions, with WTI crude rising 2.1%.

• U.S. dollar index strengthened marginally.

Currency Update

• USD/KES remained stable at 129.02.

• Euro and Sterling posted slight gains.

• Regional currencies showed mixed performance.

Capital Markets News

• NCBA Group Plc – Public announcement

• Safaricom Plc – Interim dividend notice

• Standard Group Plc – Suspension of previously proposed rights issue

• Umeme Limited – Profit warning

• KenGen Plc – Unaudited half-year financial results (Dec 2025)

For more insights and detailed sector analysis 20th February 2026- Market Rockers Report

The Nairobi Securities Exchange continued its downward trend as key indices declined amid significantly reduced trading activity and increased foreign investor outflows. The Nairobi All Share Index (NASI) fell 0.3% to close at 214.34, while equity turnover dropped sharply by 54.1% to KES 952.64 million, reflecting weaker investor participation.

Foreign investors remained net sellers, with net outflows widening to KES 232.61 million compared to KES 31.99 million in the previous session. Local investors dominated market participation, accounting for 82.3% of total activity.

In the fixed income market, bond turnover declined by 10.7% to KES 25.48 billion, while global markets remained mixed, with modest gains in major U.S. indices and declining oil prices due to easing geopolitical concerns.

18th February 2026- Market Rock…

Key Highlights

 Equities Market Performance

• NASI declined by 0.3% to 214.34.

• NSE-20 Index recorded the biggest drop among major indices, falling 0.7%.

• Market capitalization decreased slightly to KES 3.38 trillion.

• Equity turnover dropped significantly to KES 952.64 million.

• Foreign investor outflows increased sharply to KES 232.61 million.

Top Movers

Top Gainers:

• Shri Krishana Overseas Plc ▲ 9.7%

• Uchumi Supermarkets ▲ 9.6%

• Unga Group ▲ 6.4%

• Longhorn Publishers ▲ 6.0%

Top Losers:

• Olympia Capital Holdings ▼ 6.8%

• Sasini Plc ▼ 6.1%

• Eaagads Plc ▼ 5.8%

• Nairobi Securities Exchange Plc ▼ 4.7%

 Most Traded Stocks

• East African Breweries Plc – 19.0% of total market turnover

• Safaricom Plc – 18.0% of total turnover

• KCB Group Plc – 12.7% of total turnover

• Equity Group Holdings Plc – 8.0% of total turnover

 Fixed Income Market

• Bond turnover declined to KES 25.48 billion.

• Treasury bill yields eased slightly across all tenors.

• FXD bonds accounted for over 80% of large-value trades.

 Global Market Overview

• U.S. markets recorded marginal gains:

  • Dow Jones ▲ 0.1%

  • S&P 500 ▲ 0.1%

  • Nasdaq ▲ 0.1%

• Oil prices declined as geopolitical tensions eased and supply outlook improved.

• The U.S. dollar strengthened slightly against major currencies.

  18th February 2026- Market Rock…

Currency Market Update

• USD/KES remained stable at 129.02.

• Euro and Sterling strengthened slightly.

• Regional currencies showed mixed performance, with the Ugandan and Tanzanian shillings weakening marginally against the Kenyan shilling.

Capital Markets News

Key corporate developments included:

• NCBA Group Plc – Public announcement

• Safaricom Plc – Interim dividend notice

• Standard Group Plc – Suspension of rights issue

• Umeme Limited – Profit warning

• KenGen Plc – Release of unaudited half-year financial results

For more market intelligence and detailed analysis 18th February 2026- Market Rockers Report

Overview

The Market Rockers Reports provide timely insights into the performance of the Nairobi Securities Exchange (NSE), offering investors, partners, and stakeholders a clear view of daily market movements, trading activity, and investor sentiment. These reports highlight key index movements, top gainers and losers, turnover performance, and foreign investor activity to support informed decision-making.

Market Overview

The equities market recorded a bearish session, with key indices closing lower, reflecting cautious investor sentiment. Despite the overall decline, trading activity strengthened, indicating continued market participation.

Key Performance Indicators

• Nairobi All Share Index (NASI): Declined by 0.3% to close at 215.95

• NSE-10 Index: Decreased by 0.8%

• NSE-20 Index: Increased by 1.1%, showing resilience among selected blue-chip stocks

• Market Capitalisation: Declined by 0.3%

• Equity Turnover: Increased by 8.8% to KES 1.34 billion

Investor Activity

• Foreign investor sentiment remained negative

• Net foreign outflows recorded at KES 338.82 million, indicating continued foreign selling pressure

Top Gainers

• Kenya Re-Insurance: +9.0%

• Eaagads Plc: +8.9%

• CIC Group: +8.3%

• Britam Holdings: +5.6%

• East African Portland Cement: +5.2%

Top Losers

• Express Kenya: -6.2%

• TPS Eastern Africa: -5.6%

• Nation Media Group: -5.1%

• Kakuzi Plc: -3.9%

• Kurwitu Ventures: -3.3%

Key Takeaway

While overall market sentiment was bearish, increased turnover signaled sustained investor engagement, particularly in insurance and industrial sector stocks.

Read more: 16th February 2026- Market Rockers Report

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 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