NSE Market Closes Mixed As Equity Turnover Surges 19%

The Nairobi Securities Exchange (NSE) closed Monday’s session on a mixed note, with key indices posting marginal gains while the NSE 20 edged lower. The NASI, NSE 10, and NSE 25 advanced by 0.3%, 0.4%, and 0.5%, respectively, while the NSE 20 dipped by 0.3%.

Equity turnover surged by 19.0% to USD 2.1 million, driven by increased local investor participation, which accounted for 87.7% of the day’s turnover—up from 66.7% in the previous Friday’s session.

KCB Group emerged as the most traded stock, contributing 23.7% of the day’s turnover, though its share price slipped by 0.8% to KES 44.60 amid foreign investor exits. Co-op Bank and I&M Holdings posted modest gains of 0.3% and 0.1%, closing at KES 16.90 and KES 36.00, respectively. Conversely, Equity Group edged down by 0.1% to KES 48.65, mainly due to local investor sell-offs.

Among the session’s notable movers, Safaricom climbed 0.8% to KES 18.10. WPP Scangroup was the day’s top gainer, soaring 8.3% to KES 3.54, while Eaagads recorded the sharpest decline, tumbling 9.6% to KES 11.75.

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