NSE Index Dips on KCB Group, Coop, Absa Bank Selloffs
The Nairobi Securities Exchange (NSE) All Share Index (NASI) closed at 206.30, reflecting a 0.2% decrease from the previous session, according to trading data from Wednesday.
The overall market decline was occasioned by a 0.4% drop in NSE 10 counters. NSE 20 and NSE 25 counters fell by 0.2% and 0.3%, respectively, while banks declined by 0.4% on average.
Stockbrokers reported that large-cap tickers such as KCB Group, Co-operative Bank, Absa Bank, and Equity Bank contributed to the decline, with losses of 1.1%, 0.9%, 0.5%, and 0.3%, respectively.
However, the market was buoyed by gains in stocks like Kenya Airways, BK Group, Britam Holdings, and Stanbic Holdings, which increased by 1.2%, 0.9%, 0.8%, and 0.5%, respectively.
Trading activity dropped by 33.6%, totalling KES 391.58 million, down from KES 589.44 million in the previous session.
Market analysts said foreign investors turned net buyers, recording net inflows of KES 92.49 million, compared with net outflows of KES 84.35 million in the prior session.
Safaricom emerged as the most actively traded stock, with a total turnover of KES 162.52 million, followed by Equity Group, which recorded a cumulative turnover of KES 73.98 million.
Secondary bonds’ turnover rose by 129.5% from KES 5.76 billion to KES 13.22 billion as the number of deals rose from 177 to 225. FXD1/2026/30yr was the most traded with KES 3.03 billion in turnover.
In the derivative market, total volume of contracts traded increased to 22 from 10 recorded in the previous session, while the value of traded contracts increased to 74,000 from 68,000. The number of open interest contracts traded increased to 8,715 from 8,710 recorded in the previous session.
