The Nairobi Securities Exchange (NSE) recorded mixed performance in today’s session, with the Nairobi All Share Index (NASI) edging down 0.01% to close at 205.76 points, while the other major indices recorded gains.
The market’s downturn was driven by declines in large-cap stocks such as NCBA Group, Safaricom Plc, Equity Group, and Standard Chartered Bank, which fell by 3.1%, 0.3%, 0.2%, and 0.2%, respectively.
However, the market was supported by gains in heavyweights such as Absa Bank Kenya, Co-operative Bank, KCB Group, and EABL. The counters gained 1.8%, 1.6%, 0.4%, and 0.2%, respectively.
The NSE 10 and NSE 20 indices closed at 2,155.85 points and 3,499.80 points, up 0.4% and 0.3%, compared to the preceding session. The NSE 25 index rose by 0.1%, settling at 5,662.72 points from 5,659.67 points recorded in the previous session.
Trading activity ticked downwards, with volume of shares traded decreasing by 5.0% to 11.46 million shares. Despite the decline in activity, equity turnover edged higher, rising 175.5% to KES 537.81 million. Market capitalization stood at KES 3.41 trillion, down 0.01% from the prior session.
NSE Top Gainers and Losers
TPS Eastern Africa led the gainers advancing by 7.0%, followed by Longhorn Publishers, which rose by 5.7%. Other notable gainers included Eaagads Plc (5.2%), Nation Media Group (4.9%), and Williamson Tea Kenya (4.6%).
On the downside, Insurance firms were the biggest laggards. Jubilee holdings shed the most, losing 3.5%, closely followed by Sanlam Kenya after falling by 3.2%. NCBA Group declined by 3.1%, while Flame Tree Group Holdings dropped by 2.4%. Nairobi Business Ventures rounded out the top losers, after shedding 2.3%.
Foreign investors turned net buyers, recording net inflows of KES 127.82 million compared to net outflows of KES 17.66 million in the previous session, leading both the selling and buying charge on Equity Group Holdings.
