The Nairobi Securities Exchange (NSE) maintained strong upward momentum, with the Nairobi All Share Index (NASI) gaining 2.4% to close at 176.39, and market capitalization increasing to KES 2.78 trillion. Equity turnover rose 28.2% to KES 477.82 million, though foreign investors turned net sellers with outflows of KES 77.34 million.
Kenya Power topped the gainers list after surging 7.4% to KES 13.05, followed by Kakuzi (+5.9%), Safaricom (+5.3%), and ABSA NewGold ETF (+4.8%). On the flip side, Kapchorua Tea and Williamson Tea shed 10.0% and 9.9%, respectively. KCB Group dominated trading, accounting for nearly 28% of total market turnover.
In the fixed-income market, bond turnover dropped 16.2% to KES 6.25 billion, led by activity in the FXD segment, with IFB1/2021/18Yr emerging as the day’s most traded paper.
Globally, U.S. markets posted mixed performance, with banking sector earnings driving the S&P 500 higher, while oil prices slipped 0.0% amid oversupply concerns highlighted by the International Energy Agency.
Download full report here
