The Nairobi Securities Exchange (NSE) exhibited a strong uptrend during the trading session on March 11, 2026. This positive sentiment was reflected in the Nairobi All Share Index (NASI), which advanced by 0.7% to close the day at 208.31. Trading activity at the NSE saw a substantial surge, with equity turnover increasing by a remarkable 61.0% to reach KES 1,708.21 million, compared to the KES 1,061.26 million recorded in the previous session.
In the broader market movements, Nation Media Group emerged as the top performer of the day, with its share price soaring by 19.2% to close at KES 15.80. The share price surge was on the back of the news of the acquisition of Aga Khan Fund for Economic Development’s 54.08% majority stake in NMG by Taarifa Ltd. Other notable gainers included Shri Krishana Overseas Plc and Car & General, which rose by 7.5% and 7.3% respectively. Conversely, the Top Losers were led by Eaagads Plc, which fell by 4.5% to close at KES 30.00, followed closely by the Nairobi Securities Exchange itself, which saw a share price depreciation of 4.3% to KES 21.05.
NSE Indices Performance
This bullish momentum extended across all key benchmarks, with the NSE 10, NSE 20, and NSE 25 indices advancing by 1.0%, 0.4%, and 0.8% respectively, while the Banking Sector Index specifically edged up by 0.6% to close at 239.21 points. This upward movement was underpinned by a significant 61.0% surge in daily equity turnover to KES 1,708.21 million.
The upward momentum was largely anchored by robust performances from heavyweight blue-chip stocks within the banking sector. Leading the charge were Equity Group, which posted a gain of 2.0%, followed by I&M Bank at 1.1%, while KCB Group and Co-operative Bank both recorded modest increases of 0.3%.
Despite the overall positive trajectory, the market faced downward pressure from several notable counters. The banking and insurance sectors saw some profit-taking and selling pressure, with BK Group leading the decliners in that segment with a 1.9% drop. Other significant laggards included Standard Chartered Bank Kenya, which shed 0.6%, while Stanbic Holdings and Jubilee Holdings both eased by 0.4%. These losses, however, were not sufficient to offset the broad gains seen across the rest of the index.
Safaricom maintained its position as the most traded counter, clocking an aggregate turnover of KES 804.25 million. Equity Group followed as the second most actively traded stock, contributing a cumulative turnover of KES 275.76 million.
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