During today’s trading session on the Nairobi Securities Exchange (NSE) saw a trading session marked by mixed results across various sectors. Despite gains in select stocks, others faced significant losses, reflecting varied investor sentiment.
The NSE All-Share Index (NASI) registered a marginal increase of 0.35 points, translating to a 0.27% gain. This brings the market capitalization to KES 2.02 trillion, showcasing the exchange’s resilience amid sector-specific challenges. The day saw an impressive improvement in activity, with trading volumes soaring by 125% compared to the previous session, amounting to 22,845,800 shares across 1,647 deals. This translated into a turnover of KES 323,918,892.00—an 85% increase from the prior day.
NSE Top Performers
Sanlam Kenya led the gainers with a share price surge of 7.85%, closing at KES 8.52. Total Kenya followed closely, climbing 7.64% to end the day at KES 23.25. Olympia Capital Holdings and Flame Tree Group Holdings also recorded gains, rising by 4.53% and 4.31%, respectively.
NSE Key Decliners
On the losing side, Sameer Africa experienced the steepest drop, shedding 8.86% to close at KES 3.29. Nairobi Business Ventures followed closely, losing 8.57% to end at KES 1.92. Longhorn Publishers and Express Kenya also faced declines of 8.06% and 6.32%, respectively.
Safaricom continued to dominate trading activity, with 7.97 million shares exchanged, underscoring its status as a market favorite. Other active stocks included Kenya Power & Lighting Company (5.43 million shares) and Kenya Re-Insurance Corporation (4 million shares), reflecting investor interest in the energy and insurance sectors.
While the session saw mixed outcomes, market analysts remain optimistic about the NSE’s long-term prospects. The gains in companies like Sanlam Kenya and Total Kenya signal robust performance in select sectors, while increased trading activity points to heightened investor engagement.
Also Read: Review of Safaricom’s Inaugural Engineering Summit, Decode.
