Energy, Commercial Stocks Drag Nairobi All-Share Index Lower
Equity prices shed 0.5% as measured by the Nairobi Securities Exchange (NSE) All-Share Index last week. The decline was largely driven by reduced performance in the commercial (-2.1%), energy (-1.5%), and banking (-1.0%) sectors, according to Pergamon Investment Bank.
Market analysts reported that most liquid counters (NSE 10) posted a 0.2% lose, as the NSE 20 and NSE 25 counters dropped by 0.5% and 0.4%, respectively.
Market activity weakened sharply, with value traded falling 44.6% to KES 2,997.31 million from KES 5,410.27 million previously, the investment bank said in an update.
The decline was driven by a 68.6% drop in volumes to 106.64 million shares from 339.77 million shares, with a KES 227.21 million shares reduction concentrated in the Kenya Pipeline counter.
Last week, foreign investor participation rose to 52.1%, up from 27.9% in the prior week, with a net foreign outflow of KES 311.98 million, reversing from a net foreign inflow of KES 78.17 million the previous week.
Pergamon said Safaricom and Equity Group experienced high net foreign outflows, while KCB Group saw improved net foreign inflows.
Trading activity was concentrated within the telecommunications, banking, and energy sectors, which collectively accounted for 90.3% of total market turnover and 75.8% of traded volumes.
The telecommunication transacted 49.1%, while banks accounted for 36.3% of the market value traded. Safaricom emerged as the top mover, posting a turnover of KES 1,471.86 million from 49.28 million shares, up from KES 1,139.74 million from 39.13 million shares traded in the prior week.
The increase in activity was supported by a rise in foreign activity from 78.2% to 85.7% as its share price surged by 1.0% to KES 29.9 from KES 29.60.
KCB Group came in second, recording a turnover of KES 301.61 million from 4.38 million shares, a slight increase from KES 287.44 of 4.13 million shares in the previous week.
This surge was despite a decline in the average foreign participation from 28.3% to 12.3%, as its share price contracted by 1.1% to close at KES 68.5 from KES 69.25.
Equity Group followed with a turnover of KES 275.25 million, down from KES 652.09 million the previous week. This came even as foreign participation shrank to 40.6% from 63.0%, while its price stabilised at KES 75.00 per share.
The top gainer of the week was Eaagards with a 9.5% gain, from KES 32.10 to KES 35.15. B.O.C Kenya followed, gaining 8.9% to close at KES 152.25 from KES 139.75 following a 48.4% increase in profit after tax (PAT) to KES 314.02 million for the full year 2025.
Standard Group also posted notable gains, with its share price rising by 5.4% to close at KES 6.28 FirstHoldco Gains 23% on Trading Volume, Pre-Q1 Positioning
