The NASI closed down 1.14% at 244.72 on 11 September, with the N20I off 0.59% and the Banking Index down 0.72%. Breadth was negative, 21 counters up against 28 down of 55 traded. Telecommunication (-2.76%) and the Exchange Traded Funds sector (-2.31%) led losses, while Banking dropped 0.76% on broad weakness across nine of twelve counters. Automobiles and Accessories, Construction and Allied, and Investment Services posted gains. Turnover rose 20% above the five-session average to Sh1.54bn, with Equity Group (EQTY) and Safaricom (SCOM) the most traded counters. Foreign investors were net sellers at Sh89.6m, driven by Sh177.8m of Safaricom (SCOM) sold against Sh105.9m of Equity Group (EQTY) bought.

Corporate news added detail to sector positioning. Absa Bank Kenya (ABSA) confirmed Yusuf Omari as substantive MD and CEO, succeeding Abdi Mohamed, who moved to I&M Bank (IMH). Co-operative Bank (COOP), Equity Group (EQTY), KCB Group (KCB) and Stanbic Holdings (SBIC) featured in a Forbes global bank ranking. South Africa's FirstRand said it continues to look for a Kenyan bank acquisition at the right price, without naming a target. Centum Investment (CTUM) projected inflation peaking near 7% in late 2027 under its base-case oil price scenario, within the CBK's target band.