The Nairobi Securities Exchange (NSE) concluded the seventh week of 2026 on a positive note with the benchmark index, the Nairobi All Share Index (NASI), closing above the 200-point mark for the second consecutive week at 216.69 points, up 6.9% from 202.73 points recorded last week.
Market activity increased significantly, evidenced by an 80.9% surge in the volume of shares traded to 225.9 million from 124.8 million the previous week, mainly driven the newly launched Ziidi Trader platform which has improved market accessibility by allowing users to buy and sell shares listed on the bourse directly through the M-PESA application.
Equity turnover climbed 54.9% to KES 7.3 billion, while Investors’ wealth increased by 6.9% (KES 220 billion) to KES 3.4 trillion, signaling improved investor sentiment. Mobile network operator Safaricom PLC added the highest market value at KES 78.1 billion, bringing its total market capitalization to KES 1.4 trillion, equivalent to 41.2% of the NSE’s total market capitalization. Other counters that recorded substantial gains in market value included banking giants Equity Group and KCB Group, and Stanbic Holdings, which added KES 33 billion, KES 25.7 billion and KES 13.6 billion, respectively.
Top Gainers
Gains at the bourse were substantial with top gainers recording gains above 20%. Sasini PLC emerged as the top gainer, soaring 53.6% to KES 30.95 driven by the announcement of the sale of its Gulmarg Division in Mweiga Estates for KES 7.9%, representing a 109% premium over its book value of KES 3.9. Eveready PLC, ranked second gaining 28.5%, followed by Car and General, Sameer Africa, Eaagads Plc, which appreciated by 27.7%, 27.0%, and 22.1%, respectively.
Top Losers
On the downside, the Satrix MSCI World Feeder ETF led the losers, shedding 3.4%. Other notable decliners included, NCBA Group (-2.7%), BK Group (-1.3%), EAPC (-0.9%), and British American Tobacco Kenya (-0.5%).
NSE Sectoral Performance
Sectoral performance during the week was broadly positive, with most counters recording gains in various segments. The Banking sector recorded the strongest performance, with five tier one lenders posting double-digit gains. All stocks in the agricultural segment, concluded the week in the green.
NSE Foreign Investor Participation
Foreign investor participation picked up notably during the week, with total foreign turnover accounting for 26.6% of total market activity, while local investors remained dominant at 73.4%. Despite improved participation, foreign investors remained net sellers, posting an outflow of KES 595 million. Total foreign inflows stood at KES 1.7 billion against outflows of KES 2.3 billion, reflecting significant profit taking.
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