The Nairobi Securities Exchange (NSE) recorded a subdued performance on Wednesday 29th April 2026, characterized by a decline in key indices and reduced trading activity. Market capitalization remained relatively stable at KES 3,421.25 billion, reflecting a slight dip of 0.2% from the previous session’s KES 3,427.37 billion. However, trading activity experienced a significant slowdown, with total equity turnover decreasing by 33.6% to KES 391.58 million, down from KES 589.44 million recorded earlier.
On the performance front, TPS Eastern Africa led the gainers’ chart with a 5.2% increase in its share price to close at KES 16.30. It was followed by Longhorn Publishers, which rose by 3.6% to KES 3.13, and Kapchorua Tea, which gained 1.6% to settle at KES 241.75. Centum Investments and Kenya Airways also recorded gains of 1.5% and 1.2%, closing at KES 13.90 and KES 6.96 respectively.
Conversely, the losers’ segment was led by Africa Mega Agricorp Plc, which posted the steepest decline of 5.4% to close at KES 110.50. Eaagads Plc followed closely with a 5.0% drop to KES 33.00, while Sameer Africa fell by 4.8% to KES 16.75. Olympia Capital Holdings and Flame Tree Group also recorded losses of 2.6% and 2.3%, closing at KES 7.42 and KES 2.15 respectively.
NSE Indices
The Nairobi All Share Index (NASI) closed at 206.30, representing a marginal decline of 0.2% compared to the previous trading session. Similarly, other benchmark indices reflected downward movement, with the NSE-10 Index falling by 0.4%, the NSE-20 Index declining by 0.2%, and the NSE-25 Index edging lower by 0.3%. The Banking Sector Index also registered a contraction of 0.4%, underscoring a broadly negative sentiment across major sectors of the market.
The market’s downward trajectory was largely influenced by losses in large-cap stocks. Notably, KCB Group, Co-operative Bank, Absa Bank, and Equity Bank posted declines of 1.1%, 0.9%, 0.5%, and 0.3% respectively, exerting considerable pressure on the overall market performance. Despite these losses, some counters provided support to the market. Gains were recorded in stocks such as Kenya Airways, BK Group, Britam Holdings, and Stanbic Holdings, which rose by 1.2%, 0.9%, 0.8%, and 0.5% respectively, partially cushioning the broader decline.
In terms of trading activity, Safaricom emerged as the most actively traded counter, recording an aggregate turnover of KES 162.52 million. Equity Group followed as the second most traded stock, with a cumulative turnover of KES 73.98 million.
