Market brief

Session of 2026-09-15

NASI slips 1.14% as EABL selling drives foreign outflow

The NASI fell 1.14% to 244.72 and the NSE 20-Share Index dropped 0.59% to 4,341.24, with losses spread across 29 of 55 counters against 19 gainers. Turnover rose 42.8% above its seven-session average to KES 1.82bn, driven by EABL at KES 1.04bn, which also topped the loser tables' cousins by being the largest single foreign sell at Sh1.00bn. Foreign investors were net sellers of KES 960.3m, 44% of turnover, with EQTY and SCOM drawing modest foreign buying against heavier EABL and KCB selling. Construction and Allied led sector declines at -3.13%, while Telecommunication gained 1.81% on Safaricom's (SCOM) turnover strength.

Stanbic Bank Kenya (SBIC) confirmed Michael Mutiga as chief executive following CBK regulatory approval, a leadership change for a bank that reported strong H1 2026 performance. CBK proposed a ban on shell banks as part of a money-laundering crackdown, a governance move that touches the banking sector broadly. Parkview Shopping Arcade put a Westlands property on sale for Sh600m, with the asset currently charged to UBA Bank against a Nakumatt Holdings facility, underscoring lingering legacy debt exposures in Nairobi commercial property.

Turnover
KES 1.82B
+42.80% vs 7-session avg
Foreign net
KES −960.27M
44% of turnover
Traded
55 counters
19 up · 29 down
Market cap
KES 3.46T
all listed counters

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