Trading at the Nairobi Securities Exchange (NSE) was subdued relative to the previous session with the volume of shares of traded declining by 32.1% to 14.88 million.
Despite the slowdown in activity, the market trended upward, with broad-based gains posted across all indices. The Nairobi All Share Index (NASI) advanced by 2.3% to close at 204.25 points, supported by easing tensions in the Middle East following President Trump’s announcement of a two-week pause in attacks on Iran, as well as gains in large-cap stocks, including KCB Group (+3.0%), Stanbic Holdings (+1.7%), KPLC (+1.2%), and BAT Kenya (+0.2%).
The NSE 10 recorded the largest gain, rising by 2.6% to 2,133.17 points. The NSE 20 and NSE 25 indices gained 1.9% and 2.2% to settle at 3,557.85 points and 5,663.83 points, respectively. On the other hand, the Banking Sector Index edged higher by 2.5% to 235.30 points.
Equity turnover declined by 45.1% to KES 420.2 million, while market capitalization rose marginally by 0.2% to KES 3.3 trillion, signaling improved investor confidence.
NSE Top Gainers
On the upside, Kenya airways led the pack with a 7.7% gain to KES 6.44, buoyed by sustained investor optimism around its turnaround strategy. Umeme followed with 7.6% rise. Satrix MSCI World Feeder climbed by 6.7%, while Unga Grouped advanced by 6.6%. Sasini plc rounded out the top gainers, rising by 5.8%.
NSE Top Losers
Longhorn publishers led the decline, shedding 6.7% to close at KES 2.80. Eaagads plc followed with a 3.9% drop. WPP ScanGroup and Jubilee Holdings EACH fell 2.9%, while Centum Investment closed the list with a 2.3% loss.
Market Movers
Financial stocks dominated the market, with KCB Group clocking a turnover of KES 202.31 million, followed by Equity Group at KES 189.44 million. Other actively traded stocks included Safaricom PLC, Absa Bank Kenya, and EABL which recorded turnovers of KES 182.16 million, KES 41.99 million, and KES 34.93 million, respectively.
Foreign investors emerged net sellers recording net outflows of KES 361.68 million compared to net inflows of KES 31.39 million in the previous session.
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