Kenya’s equities market closed on a bearish note today, with the Nairobi All Share Index (NASI) easing by 0.3% to 177.60. Despite the dip, market activity spiked sharply – turnover surged by 340.4% to KES 3.27 billion, signaling strong investor engagement.
Foreign investors, however, remained net sellers, recording outflows of KES 2.8 billion, a sharp contrast to the previous session’s KES 37 million. On the counters, Equity Group dominated trade, accounting for 32.3% of market activity, while Safaricom, KCB Group, and ABSA followed closely.
On the winners’ board, Longhorn Publishers led the charge with a 5% gain, alongside strong moves from Kakuzi Plc (+4.2%) and BK Group (+2.6%). Conversely, Africa Mega Agricorp (-9.7%), Express Kenya (-9.6%), and Home Afrika (-9.3%) featured among the biggest decliners.
Beyond equities, the bonds market slowed, with turnover dropping 17.8% to KES 13.23 billion. Globally, U.S. markets closed lower ahead of the Fed’s much-anticipated meeting, while oil prices climbed on renewed concerns over Russian supply disruptions.
Key highlights:
- Market turnover: KES 3.27 Bn (▲ 340.4%)
- Net foreign flows: KES -2.8 Bn
- Top gainer: Longhorn Publishers (+5.0%)
- Top loser: Africa Mega Agricorp (-9.7%)
- Global markets: Dow Jones ▼ 0.3%, NASDAQ ▼ 0.1%, WTI Crude ▲ 2.1%
At Rock Advisors, we remain committed to unpacking the numbers and turning market movements into actionable insights.
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