The Weekly Rock Pulse – 6 February 2026 provides a comprehensive overview of global and local market developments, highlighting mixed global equity performance, resilient African markets, and strong domestic investor sentiment.
Global equities reflected cautious optimism as earnings performance and central bank signals drove sector rotation. Locally, the Nairobi Securities Exchange recorded robust gains, supported by increased trading activity, strong participation in large-cap stocks, and positive corporate actions. Fixed income markets remained active, with Treasury Bills auctions significantly oversubscribed, indicating strong appetite for longer tenors amid easing rate pressures.
The report also captures key macroeconomic trends, including Kenya’s PMI remaining in expansion territory and easing inflation, offering constructive signals for economic momentum into early 2026.
Website Highlights
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Global Markets: Mixed performance as investors rotated from mega-cap tech to value and cyclical stocks amid earnings season and Fed policy signals.
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Kenya Equities: NSE All Share Index rose 3.8%, driven by strong gains in telecommunications and increased market participation.
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Safaricom: Investor sentiment strengthened following the declaration of an interim dividend of KES 0.85 and progress on digital investment platforms.
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Trading Activity: Equity turnover increased 6.9% week-on-week, reflecting improved liquidity and active foreign participation.
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Fixed Income: Treasury Bills auctions were heavily oversubscribed, with strongest demand in the 364-day tenor, signaling confidence in longer-dated instruments.
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Eurobonds: Yields declined on improved sovereign credit outlook and stronger investor confidence.
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Macroeconomics: Kenya’s PMI remained above the 50-point threshold, signaling continued private-sector expansion despite moderating growth.
Read More: Weekly Rock Pulse – 6th February 2027