NASI falls 1.14% on thin turnover as EQTY and SCOM draw foreign buying
The NSE All-Share Index closed at 244.72, down 1.14%, with the 20-Share and Banking indices also lower. Breadth was split, 22 gainers against 23 decliners of 56 counters traded. Construction and Allied led the sector decline at -1.89%, followed by Agricultural (-1.14%) and Commercial and Services (-0.82%), while Exchange Traded Funds, Telecommunication and Energy and Petroleum posted modest gains. Turnover was KES 623.0 million, 47.2% below the 20-session average. Equity Group (EQTY) and Safaricom (SCOM) led value traded at KES 178.3 million and KES 132.8 million respectively, and foreign investors were net buyers of KES 74.8 million, 35.6% of turnover, concentrated in EQTY and SCOM. XPRS was the session's steepest decliner, down 7.12%.
Away from the floor, Jambojet, a Kenya Airways (KQ) subsidiary, resumed daily Nairobi-Entebbe flights after a seven-year suspension, a route restart aimed at regional trade and tourism traffic. COFEK has petitioned for review of Kenya's proposed equity participation in the Sh2.2 trillion Dangote Lamu refinery project, seeking disclosure of transaction and approval records. Electric motorcycle maker Roam has lifted local content in its Roam Air model to 40%, cutting some parts costs and replacement times, part of a broader domestic manufacturing push.
- Turnover
- KES 623.00M -47.20% vs 20-session avg
- Foreign net
- KES +74.84M 35.6% of turnover
- Traded
- 56 counters 22 up · 23 down
- Market cap
- KES 3.48T all listed counters