Global markets experienced mixed performance during the week, with U.S. equities retreating amid renewed concerns over AI-driven disruption and shifting rate expectations, while European and Asian markets showed relative resilience. Bond markets rallied globally as yields declined on softer inflation data and risk-off sentiment.
Locally, the Nairobi Securities Exchange delivered a historic rally, with investor wealth increasing by over KES 220 billion. Strong domestic participation and increased trading activity underscored renewed confidence in Kenyan equities.
Key Highlights
Global Markets
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Nasdaq -2.1%, S&P 500 -1.4%, Dow -1.2%
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FTSE +0.7%, DAX +0.8%
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Nikkei +5.0% to multi-year highs
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U.S. 10-year yield declined to 4.06%
Kenya Equities
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NASI +6.9% to 216.69
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Market cap at KES 3.42 trillion
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Turnover up 54.3% to KES 7.35 billion
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Strong retail momentum following Ziidi Trader launch
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Sasini Plc (+53.6%) and Eveready EA (+28.5%) among top gainers
Fixed Income
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Treasury bill auction oversubscribed by 308.8%
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364-day yield declined to 8.98%
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Secondary bond turnover rose 33.2%
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Eurobond yields eased on improved sovereign outlook
Macroeconomic Update
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Fuel prices revised downward (Petrol: KES 178.28)
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CBK cut CBR to 8.75%
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Improved liquidity and stable inflation expectations
As Q2 approaches, focus shifts to upcoming earnings releases, inflation data, and CBK guidance, which will determine the sustainability of the current bullish momentum across equities and fixed income markets.
For full analysis and detailed market tables, download the complete Weekly Rock Pulse report. Weekly Rock Pulse – 13th February 2026_
