Market Update: Nairobi Securities Exchange Dips as Trading Slows Amid Global Economic Concerns
On August 4th, 2025, the Nairobi Securities Exchange (NSE) faced a modest pullback with the Nairobi All Share Index closing at 158.02, down 0.6% from the previous session. This decline mirrored subdued investor sentiment amid slowing global economic indicators and weaker trading activity locally.
Summary of Market Rockers Report (August 4th, 2025)
-
Market Performance:
The Nairobi All Share Index (NASI) declined by 0.6% to 158.02, with other indices such as NSE-10, NSE-20, and NSE-25 also showing slight declines (~0.4% to 0.6%). The market exhibited bearish momentum. -
Trading Activity:
Equity turnover dropped 24.2% from KES 480.64 million to KES 364.43 million. Foreign investors remained net buyers but with reduced net inflows of KES 169.83 million, down 11.4%. -
Top Traded Stocks:
Safaricom led trading, accounting for 46.9% of market volume, with turnover of KES 170.76 million, although its price fell 1.0%. Equity Group, East African Breweries, BAT Kenya, and KCB Group were other notable active counters. -
Top Gainers:
Africa Mega Agricorp (+9.6%), Sameer Africa (+8.2%), Total Kenya (+6.9%), Eveready Plc (+4.3%), and WPP Scangroup (+3.9%). -
Top Losers:
Jubilee Holdings (-9.9%), East African Portland Cement (-9.9%), Britam Holdings (-9.7%), Nairobi Business Ventures (-3.3%), and Sanlam Kenya (-2.4%). -
Bonds Market:
Bond turnover decreased by 25.1% to KES 4.97 billion, with fixed-income securities (FXD) dominating. The IFB1/2022/14Yr bond was the most traded paper. -
Global Market Context:
US markets extended declines pressured by disappointing labor data signaling a faster economic slowdown, leading to speculation of a Federal Reserve rate cut. Oil prices fell by 2.9%, reflecting weaker investor sentiment amid concerns over demand. -
Sector Highlights:
Banking stocks showed mixed results; some banks like Diamond Trust Bank and NCBA Group gained, while others declined slightly. The insurance sector experienced significant declines in some counters. The energy and petroleum sector saw gains in companies like Total Kenya.
