Nairobi Securities Exchange Climbs on Automobile, Telecom Stocks Rally
The Nairobi Securities Exchange (NSE) All-Share Index (ASI) surged on Monday, with automobile, investment, and telecom stocks posting gains.
Stock prices edged up by 1.1%, largely driven by gains in the Automobiles (5.1%), Investment (2.4%), and telecommunication (1.9%) sectors, investment bank Pergamon said.
The top companies on the gainers list include Olympia Capital (8%), Uchumi (7.3%), Car and General (5.1%), Sanlam (4.1%) and Home Africa (3.8%).
On the losers chart were Shri Krishana (7%), Eaagads (6.3%) Tps Eastern A (4.7%), Scangroup (3.8%) and Unga Group (3.3%).
NSE 10 gained the most at 1.4%, followed by NSE 25, the banking sector, and NSE 20, with gains of 1.0%, 0.9%, and 0.5%, respectively.
Volumes traded rose 52.7%, from 15.05 million to 22.98 million shares, resulting in a 103.9% increase in total turnover from KES 468.80 million to KES 955.89 million.
Equity Group emerged as the day’s top mover with a turnover of KES 204.89 million, followed by Safaricom and KCB Group with KES 189.73 million and KES 188.72 million in turnover, respectively.
Pergamon reported that foreign activity fell to 30.8%, with a net foreign inflow of KES 233.82 million. Net foreign inflows occurred on Stanbic and the Nairobi Securities Exchange, while Jubilee recorded a net foreign outflow.
Secondary bonds’turnover declined by 64.7% from KES 17.28 billion to KES 6.09 billion, while the number of deals dropped from 242 to 144. FXD1/2012/15yr was the most traded, with KES 2.50 billion in turnover.
Meanwhile, the Central Bank of Kenya reopened two more papers for the month of June: FXD1/2018/020 (11.8 years, 13.2000% coupon) and FXD1/2021/025 (20 years, 13.9240% coupon), targeting 60Bn from the market.
The primary auction is scheduled for Wednesday, 17th June 2026. Watch out for our pre-auction advisory note. #Nairobi Securities Exchange Climbs on Automobile, Telecom Stocks Rally
