The Nairobi Securities Exchange (NSE) closed today’s session in the green with broad-based gains recorded in major indices.
The Nairobi All Share Index (NASI) rose by 0.6% to 209.37 points, supported by gains in market heavy weights such as Kenya Re-insurance, Co-operative Bank, DTB Kenya, and Kenya Power which gained 5.4%, 4.7%, 3.2%, and 0.3%, respectively.
The NSE 20 and NSE 10 indices rose by 1.0% and 0.9% to close at 3,552.74 points and 2,164.60 points, respectively. The NSE 25, which tracks the performance of the top 25 performing stocks closed at 5,726.97 points, up 0.8% from the prior session. Similarly, the Banking Sector Index ticked upward 1.1%, signaling strong performance in financial stocks.
Despite the positive momentum, the market was weighed down by losses in large-cap stocks such as BK Group, BAT Kenya, Centum Investment Company, and I&M Group, which fell by 1.4%, 0.6%, and 0.4%, respectively.
Trading activity picked up, with the volume of shares traded surging 106% to 21.1 million, generating KES 808.41 million. Market capitalization stood at KES 3.47 trillion, up 0.6% compared to the previous session.
NSE Top Gainers
Manufacturing firm Shri Krishana Overseas limited led the gainers after advancing by 5.5%, followed by Kenya Re-insurance which rose by 5.4%. Co-operative Bank gained 4.7%, while Sanlam Kenya rose by 4.5%. Eaagads Plc rounded out the top gainers, after rising 3.6%.
NSE Top Losers
WPP ScanGroup led the losers, shedding 4.1%, followed by Sameer Africa which declined by 2.1%. Other notable decliners included, BK Group Plc (-1.8%), Nairobi Business Ventures (-1.5%), Nation Media Group (-1.1%).
Foreign investors remained bearish recording net sales of KES 359.85 million compared to KES 42.97 million in the previous session. The fixed income segment gained momentum, recording a turnover of KES 6.7 billion, up 66.4% from KES 4.1 billion.
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