Market brief

Session of 2026-09-23

NASI slips 1.14% as Quickmart plans NSE listing, NBK absorbs Access Bank Kenya

The NASI fell 1.14% to 244.72 on Tuesday, with the other indices also lower except the Bonds Index, which edged up 0.03%. Breadth was mixed at 27 gainers against 19 decliners of 55 traded. Turnover was thin at KES 646.75m, down 56.6% against the 13-session average. Equity Group (EQTY), IMHF (IMH) and NCBA (NCBA) led value traded, with Safaricom (SCOM) close behind. Foreign investors were net sellers at KES -10.8m, 18.2% of turnover, as heavy Safaricom selling of KES 79.2m offset EQTY buying of KES 92m. Investment Services and Commercial and Services sectors led gains, while Telecommunication and Insurance lagged.

Quickmart announced plans to list on the NSE Main Investment Market Segment via a sale of 2 billion existing shares, 50% of its issued capital, without raising new capital or issuing shares, a potential addition to the Commercial and Services counters. CBK approved the transfer of Access Bank Kenya's assets and liabilities to National Bank of Kenya, completing the merger process following KCB Group's 2019 sale of NBK. CBK's Bank Supervision Annual Report also showed ATM numbers falling 2.66% to 2,228 in 2025 as digital banking, including Safaricom's M-Pesa, expands, and banking sector clerical staff rising 21.3% to 14,757.

Turnover
KES 646.75M
-56.60% vs 13-session avg
Foreign net
KES −10.82M
18.2% of turnover
Traded
55 counters
27 up · 19 down
Market cap
KES 3.48T
all listed counters

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