This week’s Weekly Rock Pulse unpacks key movements across global and local markets.
Global markets started the week on a high as investors anticipated another U.S. Federal Reserve rate cut. Although the Fed delivered the cut, Chair Jerome Powell’s cautious tone cooled expectations for further easing. However, optimism returned following an easing of trade tensions between the U.S. and China fueling strong rallies in the U.S. and Asian markets, with Japan’s Nikkei 225 hitting a record high.
Back home, the Nairobi Securities Exchange (NSE) sustained its bullish momentum, with the Nairobi All Share Index (NASI) climbing 4.7% to close at 188.29 points. Equity Group Holdings led market excitement, posting an impressive 11.3% gain after strong Q3 results showing a 32.2% jump in net earnings. TotalEnergies Marketing Kenya also topped gainers, surging 26.6%.
The fixed income market saw mixed performance, with Treasury bill yields fluctuating slightly and secondary bond turnover dipping by 30%. On the macro front, Kenya’s inflation remained steady at 4.6%, supported by stable food and fuel prices.
Looking ahead, investor attention turns to ongoing Q3 banking results and upcoming dividend announcements from key counters such as KenGen, KPLC, and Carbacid. Market watchers remain cautiously optimistic as earnings season continues to shape investor sentiment.
Weekly Rock Pulse 31st October 2026
