The NSE 20 rose by 0.5% to 3,485.51 points, while the NSE 10 recorded a marginal rise of 0.1% to close at 2,144.19 points. The NSE 25 and the Banking Sector Index also rose by 0.1%, settling at 5,638.81 points and 231.97 points, respectively.
Despite the upward trend, the market was weighed down by losses recorded by some heavyweight counters such as Co-operative Bank (-1.4%), Stanbic Holdings (-0.5%), Diamond Trust Bank (-0.5%), and EABL (-0.1%).
Trading activity weakened, with the volume of shares traded declining sharply by 19.0% to 11.80 million shares. Similarly, equity turnover declined by 11.1% to KES 417.33 million from KES 469.35 million in the preceding session.
NSE Top Gainers and Losers
Standard Group PLC led the gainers after rising 8.7%, followed by East African Portland Cement (EAPC), which gained 6.0%. BK Group PLC rose by 5.7%, while Umeme gained 3.4%. HFCB Group rounded out the top gainers after advancing 2.7%.
On the downside, Uchumi Supermarkets led the losers, declining by 4.5%. Other notable decliners included WPP ScanGroup, Nairobi Business Ventures, Liberty Kenya, and NSE PLC, which fell by 4.2%, 3.1%, 3.0%, and 2.4%, respectively.
Foreign Investors and Fixed Income
Foreign investors remained bearish, recording net outflows of KES 3.74 million compared to net outflows of KES 1.73 million in the previous session. BAT Kenya led the buying charge, while Absa Bank Kenya led the selling charge.
The fixed income segment picked up, with turnover increasing by 24.1% to KES 11.57 billion from KES 9.33 billion. Meanwhile, the Bond Index closed at 1,174.18 points, up 0.6% from the previous session.
Also Read: CMA Issues 2 New ISPP Licenses to Deepen Capital Markets
