NSE Index Rises 0.2% on Investors’ Buying Actions
With B.O.C Kenya and Uchumi leading the rally, the Nairobi Securities Exchange (NSE) Index climbed by 0.2% on Tuesday, reflecting investors’ positive sentiment.
Equity prices rose by 0.2%, largely driven by NSE 10 counters that gained 0.2% on average. NSE 20 and NSE 25 counters shot up by 0.1% each, while banks grew by 0.1% on average.
B.O.C Kenya gained 4.8%, Uchumi was priced higher by 3.3%, and the Unga group edged higher by 3.2% amid investor activity on the NSE. Sasin recorded 2.2% positive price movement while TotalEnergies posted 1.8% gain.
On the losers chart, Eaagads tumbled by 6.8% in the market, Olympia Capital lost 5.7%, and Kenyan Airways was priced lower by 5.5%. Due to weak investor sentiment, Longhorn and Nation Media lost 3.7% and 3.4% of their market value, respectively.
Investment firm Pergamon reported that shares traded dropped by 33.7% from 29.77 million to 19.73 million shares, constituting a 46.2% decline in the day’s turnover to KES 448.04 million from KES 833.13 million.
Market analysts reported that Centum was the day’s top mover, with a turnover of KES 84.25 million, followed by Safaricom and Kenya Power, with KES 69.06 million and KES 56.10 million, respectively.
Foreign activity contracted to 31.3% from 73.2%, with a net foreign outflow of KES 42.16 million. NCBA Group experienced a net foreign inflow, while Kenya Power and Equity Group had net foreign outflows.
Secondary bonds’ turnover rose by 69.8% from KES 7.96 billion to KES 13.51 billion as the number of deals rose from 122 to 198. FXD1/2026/30yr, issued in April 2026, was the most traded with KES 5.34 billion in turnover. BNB/USD: Binance Coin Dip to $629, Tracking 2026 Target Price
