The Nairobi Securities Exchange (NSE) posted a bullish session, with the Nairobi All Share Index (NASI) rising 1.1% to 172.24 and market capitalization climbing to KES 2.71 trillion. Turnover improved by 20.8% to KES 372.77 million, driven by strong foreign inflows of KES 20.97 million.
Safaricom led market activity, accounting for nearly half of total turnover after gaining 2.1% to close at KES 26.55. Other notable gainers included Shri Krishana Overseas (+10.0%), NCBA Group (+8.0%), and Kakuzi (+5.9%). On the downside, Kapchorua Tea and Williamson Tea Kenya declined by 10.0% and 9.9%, respectively.
In the fixed-income space, bond turnover fell 31.9% to KES 7.45 billion, with the FXD segment dominating activity. The IFB1/2018/15Yr paper remained the most traded.
Globally, U.S. markets turned mixed as renewed trade tensions between the U.S. and China weighed on sentiment. Oil prices also dipped by 1.4%, pressured by oversupply concerns flagged by the International Energy Agency.
