NSE Market Report 07 April 2025: Bearish Day as Benchmarks Drop

As global markets grapple with heightened volatility triggered by escalating trade tensions between the United States and China, the Nairobi Securities Exchange (NSE) mirrored the cautious sentiment seen worldwide. The trading session today marked the first weekday of activity for the week, with notable declines in volume and turnover.

A total of 8,684,200 shares were traded across 1,807 deals, amounting to a market value of KES 176,899,390.00. This was a 44% drop in trading volume and a 55% decrease in turnover compared to Friday’s data. However, the number of deals improved by 6%, reflecting increased engagement among market participants.

Stock Performance on the NSE

12 stocks closed in the green while 31 ended in the red. Uchumi Supermarket led the gainers, with its share price rising by 5.71% to close at KES 0.37. Other top-performing stocks included CIC Insurance Group (+4.03%), TPS Eastern Africa Serena (+3.01%), and Liberty Kenya Holdings (+2.26%).

On the flip side, Sameer Africa recorded the largest decline, dropping by 8.96% to end at KES 3.25 per share. Longhorn Publishers (-8.79%), Britam Holdings (-6.01%), and Nairobi Securities Exchange (-5.09%) also suffered significant losses.

Safaricom was the most actively traded stock of the day, with 3.83 million shares changing hands. Kenya Power & Lighting Company followed with 723,700 shares traded, while Uchumi Supermarket and Kenya Re-Insurance Corporation recorded 624,100 and 563,100 traded shares, respectively.

Market Index Performance.

The benchmark NSE All Share Index (NASI) declined by 2.38 points (-1.81%) to close at 129.13. This represents a 1-week loss of 1.28%, a 4-week loss of 3.43%, but an overall year-to-date gain of 4.58%.

Other indices also showed varied performance with the NSE 10 Share Index dropping by 2.09%, reflecting a year-to-date gain of 1.05%. The NSE 20 Share Index dipped by 0.91%, though it boasts a year-to-date gain of 9.65%. The NSE 25 Share Index dropped by 1.71%, with a year-to-date gain of 2.14%.

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Today’s trading session highlighted the cautious approach of investors amidst global and local economic uncertainties. The bearish sentiment in global markets, driven by trade disputes and tariff escalations, appears to have influenced the NSE’s performance. While some stocks managed to post gains, the overall market sentiment leaned towards bearishness, as reflected in the decline of key indices.

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