The Nairobi Securities Exchange (NSE) closed today’s session in the red, with the Nairobi All Share Index (NASI) declining by 0.3% to 215.95 points from 216.69 points in the previous session.
The decline in the benchmark index is attributed to losses by large-cap stocks including EABL, Equity Group, NCBA Group, and KenGen which lost 2.8%, 2.3%, 1.4% and 0.4%, respectively.
The NSE-10 index declined by 0.8% to 2,233.00 points, while the NSE-20 rose marginally by 1.1% to close at 3,671.94 points. The NSE-25 index closed at 5,826.27 points, up 0.5%.
The volume of shares traded rose by 23.1% to KES 59.11 million, while equity turnover grew by 8.8% to KES 1.3 billion. Investors’ wealth inched down 0.3% to KES 3.41 trillion from KES 3.42 trillion in the previous session.
Top Gainers
Insurance firm Kenya Re-insurance led the gainers for the second consecutive trading session, appreciating by 9% to close at KES 3.99, closely followed by agricultural firm Eaagads PLC, which appreciated by 8.9% to KES 29.25. Other notable gainers included CIC Group, Britam Holdings, and East African Portland Cement, which gained 8.3%, 5.6%, and 5.2%, respectively.
NSE-Top losers
On the downside, Express Kenya shed the most, losing 6.2% to close at KES 7.84. Other notable decliners included TPS EA Serena, Nation Media Group, WPP ScanGroup, and EABL which shed, 5.6%, 5.1%, 3.2%, and 2.8%, respectively.
Participation
Local investors dominated trading, recording a participation rate of 79.5%, while international investors posted a participation rate of 20.5%. Foreign investors remained net sellers, recording net outflows of KES 338.82 million. KCB Group emerged as the top buy by foreigners recording KES 82.1 million in turnover, while Stanbic Holdings emerged the top sale, logging KES 125 million in turnover.
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