Markets At A Glance: KCB Group Extends Its Decade High To Ksh 57.50

The Nairobi Securities Exchange (NSE) closed Thursday’s session on a bullish note, with key indices posting strong gains. The NSE All Share Index (NASI) and NSE 20 Index each rose by 1.6%, while the NSE 25 and NSE 10 climbed 1.9% and 2.5%, respectively.

Equity turnover surged by 89.7% to USD 15.5 million, driven largely by foreign investors, who accounted for 93.6% of total activity, up from 90.3% in the previous session.

KCB Dominates Trading

KCB Group was the most active counter, commanding 76.9% of the day’s turnover. The lender’s stock price gained 3.6% to close at KES 57.50. Equity Group also posted a solid performance, advancing 4.1% to KES 57.00, while Standard Chartered edged lower by 0.1% to KES 285.00.

Safaricom added 1.6% to KES 29.35, Umeme ticked up 0.6% to KES 6.98, and Kenya Re rose marginally by 0.3% to KES 3.19. Standard Group emerged as the day’s top gainer, rallying 9.9% to KES 5.98, while SKL shed 5.9% to KES 7.98 to close as the leading laggard.

Foreign Investor Flows

Despite dominating turnover, foreign investors remained net sellers, recording outflows of USD 299,700. Equity Group attracted the most buying interest, while KCB Group saw the largest selling pressure.

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