NSE Market Report 03 April 2025: Jubilee Rallies Ahead of Earnings

The Nairobi Securities Exchange (NSE) experienced reduced trading activity on Thursday, reflecting a notable decline across key metrics compared to the previous trading day on Wednesday, April 2. A total of 19,035,100 shares were traded in 1,666 deals, corresponding to a market value of KES 343,220,880.

This represented an 8% drop in trading volume, a 12% decrease in turnover, and a 13% reduction in deals. Despite the slower activity, the NSE retained its market capitalization of KES 2.05 trillion.

Stock Performance on the NSE

Equity performance showed a mix of gains and losses among the 48 listed stocks that traded today. Jubilee Holdings led the gainers with a 7.24% appreciation in share price, closing at KES 203.75 per share. Other top gainers included I&M Holdings (+5.27%), East African Portland Cement Co. (+5.26%), and Centum Investment Company (+4.86%).

On the losing side, Eveready East Africa recorded the sharpest decline, with a 4.24% drop in its share price to close at KES 1.13. Other significant losers included Absa Bank Kenya (-3.99%), Home Afrika (-3.95%), and Total Kenya (-3.06%). Safaricom recorded the highest trading volume, with 13.2 million shares exchanged, followed by Kenya Re-Insurance Corporation (1.42 million), Co-operative Bank of Kenya (707,800), and KenGen (585,800).

Market Index Performance.

Market indices reflected mixed performance and reduced trading activity. The benchmark NSE All Share Index (NASI) declined slightly by 0.25 points (-0.19%) to close at 131.25. This still marks a 1-week gain of 1.26%, a 4-week loss of 0.57%, and a year-to-date gain of 6.29%. Other indices showed varied movements, with the NSE 10 Share Index decreasing by 0.79% while maintaining a year-to-date gain of 3.14%.

The NSE 20 Share Index posted a marginal gain of 0.35%, continuing its robust year-to-date performance with an 11.08% increase. Similarly, the NSE 25 Share Index declined by 0.25%, yet still holds a year-to-date gain of 3.94%.

Thursday’s trading session reflects cautious market sentiment, with declining activity balanced by gains in select equities and indices. The NSE remains a crucial component of Kenya’s financial ecosystem, providing valuable opportunities for both investors and companies amidst fluctuating market dynamics.