The Nairobi Securities Exchange (NSE) closed on a positive note today, with all major indices experiencing growth.

The NSE All Share Index rose by 0.5% to close at 132.43 points, while the NSE 20 Share Index climbed 1.0% to finish at 2186.90 points.

The NSE 25 Share Index also posted a 0.9% increase, closing at 3560.14 points, signaling strong market sentiment.

Foreign investors were the primary drivers of this surge, accounting for 64.6% of the day’s turnover, a significant rise from 22.8% the previous day.

Safaricom remained the top-traded stock, representing 54.7% of market activity, closing at a stable KES 18.90.

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Nairobi Securities Market Gainers

The banking sector showed robust growth, led by KCB Group, which surged 3.0% to KES 45.35, its highest since March 2022.

Stanbic followed suit with a 1.3% gain, closing at KES 140.00. Other notable performers included KenGen, which rose 2.5% to KES 4.15.

Additionally, HF Group and StanChart, which saw modest increases.

In terms of top gainers, EA Cables outperformed with an impressive 9.8% rise to KES 1.45, followed by Flame Tree Group (+9.5%), Sanlam Kenya (+9.0%), TransCentury (+8.9%), and BK Group (+6.1%).

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Market Losers

However, Kenya Airways, after a brief rally, saw its share price drop by 10.0% to KES 5.60, marking its fourth consecutive session of decline.

Similarly, Express, B.O.C, Longhorn, and WPP Scan Group also experienced declines.

Despite the mixed performance of individual stocks, the overall bullish trend on the NSE reflects positive investor sentiment and confidence in key sectors, particularly banking and utilities.

However, the downturn of Kenya Airways underscores the unpredictable nature of market fluctuations.

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