The Nairobi Securities Exchange (NSE) closed today’s session in the red despite increased trading activity.
The Nairobi All Share Index (NASI) declined by 1.2% settling at 212.81 points, weighed down by losses in blue-chip stocks including Safaricom PLC, EABL, Equity Group, and KCB Group, which lost 2.1%, 1.0%,0.6%, and 0.3%, respectively. The index remains up 14.1% year-to-date.
The NSE 10 slipped by 0.6% to 2,257.31 points, while the NSE 20 dropped by 1.2% to 3,712.72 points. The NSE 25 index fell by 0.8% to 5,900.29 points, while the Banking Sector Index edged down 0.3% to close at 244.03 points.
The volume of shares traded rose by 12% to 40,414,945 shares, while equity turnover edged higher by 5.5% to KES 960.72 million from KES 910.75 million recorded in the previous session. Market capitalization stood at KES 3.36 trillion, down 1.2% compared to KES 3.4 trillion in the previous session.
NSE Top Gainers
Agricultural firm Eaagads plc led the gainers advancing 7.5% to close at KES 31.00. Home Afrika followed, rising 5.1%. BK Group plc, Express Kenya, and Nairobi Business Ventures rose by 2.3%, 2.1% and 1.9%, respectively.
NSE Top Losers
On the downside, Uchumi supermarkets recorded the steepest decline, falling by 9.6% to close at KES 2.45. Other notable decliners included HF Group, Kenya Airways, Sameer Africa, and EAPC, which lost 6.8%, 6.5%, 6.4%, and 6.0%, respectively.
Equity Group emerged the most traded counter recording a turnover of KES 422.89 million. The counter closed today’s session at KES 76.75.
Investors Participation
Local investors dominated trading activity with a participation rate of 55.0%. Foreign investors remained net buyers, recording net inflows of KES 425.56 million, up 216.8% from net inflows of KES 134.33 million in the previous session.
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