The Nairobi Securities Exchange (NSE) concluded week 17 in the red, with all major indices posting declines, reversing the bullish performance recorded in the previous week.
The Nairobi All Share Index (NASI) declined the most, falling by 0.5% to close at 207.09 points compared to 208.13 points in the prior week. The downturn was mainly driven by losses in large-cap stocks such as Standard Chartered (-3.7%), Absa Bank Kenya (-3.0%), and NCBA Group (-1.1%). However, gains in Safaricom Plc (1.0%) and BAT Kenya (0.9%) partly offset the decline.
The NSE 20 and NSE 25 indices fell by 0.48% and 0.38%, settling at 3,589.13 points and 5,735.29 points, respectively. Meanwhile, the NSE 10 declined by 0.2%. The Banking Sector Index fell by 1.0% to 238.81 points, reflecting weakness in financial stocks.
Trading activity was subdued, with the volume of shares traded plunging 68.6%, to 106.7 million from 339.9 million in the previous week. Similarly, equity turnover slumped 44.6% to KES 3.0 billion, from KES 5.4 billion. Market capitalization edged lower, declining by 0.5% to KES 3.45 trillion, signaling bearish investor sentiment.
NSE Top Gainers
Eaagads Plc emerged as the top gainer, advancing by 9.50%, followed by BOC Kenya which rose by 8.9%. Standard Group gained 5.4%, while Satrix MSCI World Feeder advanced by 4.3%. Bank of Kigali rounded out the top gainers, rising by 3.9%.
NSE Top Losers
On the downside, Kenya Pipeline Company shed the most, declining by 6.8% to KES 9.26 from its all-time high (KES 9.94) in the previous week. Sameer Africa followed, losing 6.8%. TPS Eastern Africa Serena declined by 6.3%, while Kenya Airways dropped by 5.6%. Shri Krishana Overseas Limited closed the list, declining by 4.5%.
Foreign Participation
Foreign investor participation remained notable, accounting for 29.0% (KES 3.1 billion) of total turnover. Foreign investors were net sellers during the week, recording net outflows of KES 312.0 million.
