Kenya’s capital markets recorded a positive performance over the week, underpinned by strong domestic investor participation and selective sector gains, despite reduced trading activity and sustained foreign investor outflows.
Equity Market Overview
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The Nairobi All Share Index (NASI) rose 1.0% week-on-week to 193.87 points
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Market capitalisation increased to KES 3.06 trillion
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Equity turnover declined to KES 2.57 billion, reflecting cautious trading
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Domestic investors dominated activity, accounting for 68.5% of total turnover
Sector Performance
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Construction & Allied led gains, supported by strong performance in East African Portland Cement
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Agriculture stocks advanced on improved earnings outlooks and favourable commodity trends
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Automobiles & Accessories gained on continued investor interest in Car & General
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Manufacturing & Allied and Telecommunications lagged due to company-specific and regulatory concerns
Fixed Income Market
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Treasury bill auctions recorded strong subscription levels, particularly in longer-dated tenors
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Short-term yields declined modestly, reflecting easing liquidity conditions
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Secondary bond market turnover increased significantly, driven by activity in longer-dated FXD instruments
Outlook
Investor focus in the coming weeks will remain on corporate earnings, dividend announcements, monetary policy signals, and evolving global geopolitical developments.
Read more: Weekly Rock Pulse 16th January 2026
