Investor wealth on the Nairobi Securities Exchange (NSE) crossed KSh 3.5 Trillion for the first time after the listing of Kenya Pipeline Company, which added about KSh 163.6 Bn in market value.
- β’Total market capitalisation rose 6.55% to KSh 3.50 Trillion from KSh 3.29 Trillion the previous week, reversing the sharp selloff recorded in Week 10 and marking one of the strongest weekly recoveries this year.
- β’The listing immediately positioned Kenya Pipeline Company as the seventh most valuable firm on the NSE, with a market capitalization of about KSh 164.98 Bn, ahead of NCBA Group and Standard Chartered.
- β’Safaricom remained the most valuable company on the exchange at KSh 1.23 Trillion, followed by Equity Group (KSh 290.57 Bn) and KCB Group (KSh 254.67 Bn).
Nation Media led weekly gainers, rising 22.30% to KSh 17.00. Home Afrika gained 16.44% to KSh 1.70, while Uchumi Supermarkets advanced 13.33% to KSh 2.04. Britam Holdings rose 12.50% to KSh 13.05, while Kenya Airways gained 11.61% to KSh 5.48.
Indices and Liquidity
All major indices closed higher during the week.
The NSE 20 Share Index rose 2.40% to 3,691.17, while the NSE All Share Index (NASI) gained 1.39% to 211.31. The NSE 25 Index increased 2.06% to 5,880.79, while the NSE 10 Index advanced 2.29% to 2,249.29. The Banking Index rose 1.63% to 242.20.
Trading activity also improved. Equity turnover increased 15.18% to KSh 6.32 Bn, up from KSh 5.49 Bn the previous week, while traded volume rose slightly to 185.02 million shares.
Trading remained concentrated in large-cap stocks. The top five counters accounted for 75.24% of total market turnover, led by Safaricom (KSh 1.67 Bn), Equity Group (KSh 1.55 Bn) and KCB Group (KSh 950.9 Mn).
Top Gainers and Losers
On the downside, Kakuzi declined 3.85%, Shri Krishana Overseas fell 3.76%, and BOC Kenya dropped 3.39%. Sanlam Kenya lost 2.87%, while BK Group slipped 2.85%.
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Sector Activity
Banking stocks dominated trading, accounting for KSh 3.5 Bn or 55.9% of the weekβs turnover.
Equity Group led sector activity with KSh 1.5 Bn traded, closing at KSh 77.00, while KCB Group closed at KSh 79.25 and NCBA ended the week unchanged at KSh 88.00.
In manufacturing, EABL gained 5.18% to KSh 269.25, while BAT Kenya rose 4.32% to KSh 579.00.
The telecommunications sector remained active, with Safaricom closing at KSh 30.70 on turnover of KSh 1.67 Bn.
Foreign Flows and Fixed Income
Foreign investors remained net sellers, recording a KSh 2.60 Bn outflow, significantly higher than the KSh 559.9 Mn outflow recorded the previous week. Foreign investor activity accounted for 35.8% of total equity turnover, while local investors accounted for 64.2%.
Activity in the bond market increased. Secondary bond turnover rose 13.22% to KSh 80.95 Bn, while the Bond Index declined 1.29% to 1,192.03.
The derivatives market recorded 4,547 contracts worth KSh 18.9 Mn, compared with 6,649 contracts worth KSh 37.2 Mn the previous week.
Corporate Actions
- β’Taarifa Ltd announced a proposed indirect acquisition of a 54.08% stake in Nation Media Group from the Aga Khan Fund for Economic Development.
- β’East African Breweries appointed Justin Molloy as Group CFO designate, effective May 1, 2026.
- β’Centum Investment Company confirmed the completion of the sale of its stake in Bakki Holdco, which previously held its indirect 27.2% interest in Sidian Bank.
- β’Meanwhile, KCB Group reported FY2025 profit after tax of KSh 68.35 Bn, up 10.6% year on year, with total assets rising to KSh 2.15 Trillion. The board declared a full-year dividend of KSh 7.00 per share, up from KSh 3.00 previously.
