The Nairobi Securities Exchange (NSE) witnessed a dynamic trading session on Friday as banks neared the deadline to release the financials for the 2024 financial year. Today, we had 50 listed equities participating in the market. The day ended with 20 gainers and 26 losers, reflecting a mixed sentiment among investors.
NSE Market Movers today
Olympia Capital Holdings emerged as the top gainer, with a 6.78% share price appreciation, closing at KES 3.62 per share. Other notable gainers included East African Portland Cement Co. (+5.92%), Home Afrika (+5.56%), and ScanGroup (+3.82%).
On the losing side, Kenya Re-Insurance Corporation faced the steepest decline, with a 22.22% drop to close at KES 1.61 per share. Longhorn Publishers (-9.58%), Car and General Kenya (-8.41%), and Britam Holdings (-5.23%) also recorded significant losses.
Kenya Re-Insurance Corporation led in trading volume, with 13.8 million shares exchanged as the insurer faced one of the worst sell-offs in recent time. Safaricom followed with 9.46 million shares, while KenGen and Equity Group Holdings recorded 1.69 million and 1.09 million shares traded, respectively.
NSE Market Indices Performance
The benchmark benchmark All Share Index (NASI) rose by 1.19 points, a 0.92% increase, to close at 130.81. This marks a 1-week gain of 0.45%, a 4-week loss of 1%, and an overall year-to-date gain of 5.94%.
The NSE 10 Share Index gained 1.49%, reflecting a year-to-date increase of 3.08%. The NSE 20 Share Index dipped by 0.7%, though it boasts a year-to-date gain of 10.75%. The NSE 25 Share Index rose by 0.77%, with a year-to-date gain of 3.81%.
Our Analysts commented, “Today’s trading session highlighted the resilience of the Kenyan market amidst global and local economic challenges. While some stocks experienced notable gains, Kenya-Re was an unexpected significant decline, showcasing the diverse dynamics of Kenya’s financial market.”
Read: NSE Market Report 27 March 2025: KQ Shares Drop Despite FY Results
