Nairobi Stock Exchange Slides as Investors Take Profit
Nairobi Securities Exchange (NSE) closed lower on Monday amid selling pressure in Olympia Capital, with 8.06% price depreciation; Express Kenya down 6%; and Crown Paints down 3.4%.
Trading data showed that the Nairobi Securities market value inched lower by 2.9%, while the Nairobi Business market value lost 2.7% as investors booked profits.
On the other hand, Kenya Airways gained 7.2%, Portland’s share price rose by 4.6%, Standard Group’s market value climbed by 3.3%, while Home Africa and Kakuzi advanced by 2.8% and 2.7%, respectively.
The overall market edged down by 0.7% as measured by the Nairobi Stock Exchange All-Share Index (NASI). NSE 10 and NSE 25 counters declined by 0.7% and 0.5%, respectively, while NSE 20 declined by 0.1%. The banking index stabilised at 238.83points.
Shares traded jumped by 29.6% from 15.66 million to 20.30 million shares, constituting to a 51.1% surge in the day’s turnover from KES 395.74 million to KES 597.98 million
I&M Group took the top mover position with a turnover of KES 218.73 million, followed by Equity Group and Safaricom with turnovers of KES 100.14 million and KES 85.22 million, respectively.
Foreign activity dropped to 8.8% from 35.7% with a net foreign outflow of KES 65.13 million. Major net foreign outflows occurred at Absa Gold, while NCBA Group recorded net foreign inflows.
Secondary bonds’ turnover fell by 37.4% from KES 17.50 million to KES 10.95 billion as the number of deals dropped from 188 to 186. The most traded paper was FXD1/2018/25yr, with a turnover of KES 2.62 billion.
The Central Bank of Kenya re-opened two more papers, SDB1/2011/030(14.9-years, 12.000% coupon) and FXD1/2026/030(30-years, 12.500% coupon) targeting KES 20.0 billion from the market. Auction is scheduled for Wednesday, 15th April 2026.
