There Were Mixed Signals At The NSE As Foreign Investors Exited Key Stocks Today

The market wrapped up today’s trading session on a mixed note, with some indices making gains while others remained stagnant. The Nairobi All Share Index (NASI) and NSE 10 each climbed by 0.6%, while the NSE 25 gained 0.5%. Meanwhile, the NSE 20 remained unchanged, reflecting a divided sentiment among investors.

Equity turnover took a hit, easing by 11.7% to USD 2.3 million. Local investors took the lead in market activity, accounting for 63.1% of the day’s turnover—a significant increase from 45.6% in the previous session. This shift suggests a growing appetite from domestic players amid cautious movements by foreign investors.

KCB Group dominated trading, accounting for 29.7% of the total turnover. The counter edged up slightly by 0.1% to close at KES 45.10, primarily driven by foreign investor exits. Despite the increase in turnover contribution, the slight price gain hints at a balanced tug-of-war between buyers and sellers.

Read Also: KCB Leads The Charge In A Promising Stock Market Year: A Closer Look at Top Performers

On the downside, Stanbic Bank and Equity Group declined by 0.7% and 0.3%, closing at KES 148.00 and KES 46.85, respectively. Stanbic was the worst-performing mover of the day, with foreign investors exiting their positions, signaling a cautious stance on the counter.

Conversely, East African Breweries Limited (EABL) and Safaricom posted notable gains, rising by 2.1% and 1.1% to close at KES 192.00 and KES 18.70, respectively. EABL emerged as the day’s best-performing mover, buoyed by a strong wave of foreign investor purchases, indicating renewed confidence in the counter’s prospects.

KenGen recorded a modest gain of 0.4% to settle at KES 4.78. Meanwhile, Africa Mega Agricorp stood out as the session’s top gainer, surging 9.7% to KES 56.50. Another notable performer was DTB, which rallied by 2.6% to hit KES 78.00—a record high since May 14, 2020.

On the losing side, Sanlam saw the sharpest decline, tumbling 5.2% to KES 6.86. This drop marked it as the worst-performing stock of the session, a likely response to reduced market confidence or shifts in institutional investor sentiment.

Foreign investors maintained a bearish stance, recording net outflows of USD 794.2k. KCB Group experienced the heaviest selling pressure from foreign investors, while EABL led the buying momentum, showcasing contrasting perspectives on the future performance of these stocks.

Read Also: The Kenyan Stock Market Closes The Week Tumbling Down As Foreign Investors Drive Sell-Off