Highlight:
Broad-based gains across major NSE indices, supported by strong trading activity and improved sectoral performance, despite continued net foreign outflows.
Summary:
The Nairobi Securities Exchange recorded a positive trading session, with the All-Share Index, NSE 10, NSE 20, and NSE 25 indices all closing higher. The Banking Sector Index outperformed, reflecting renewed interest in banking stocks, while equity turnover rose sharply, signaling increased market participation and liquidity. Market capitalization edged up marginally in line with the overall market gains.
On the equities front, Longhorn Publishers, Uchumi Supermarkets, and ABSA New Gold ETF emerged as the top gainers, posting notable price increases during the session. Conversely, losses were recorded in Safarix MSCI World Feeder ETF, Standard Group, and Eaagads Plc, among others.
Despite the improved performance in local equities, foreign investors remained net sellers, highlighting continued external pressure on the market. Overall, the session reflected a cautiously optimistic tone, underpinned by strong domestic activity amid mixed investor sentiment.
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