Banking sell-off drags NASI down 1.14% as foreigners pull Sh506mn
The NASI fell 1.14% to 244.72 on breadth of 13 gainers against 36 decliners of 56 counters traded. Banking was the heaviest drag, down 2.04% with all 12 counters in the sector lower, followed by Construction and Allied (-2.50%) and Telecommunication (-2.70%). Turnover was Sh887.1mn, 5.4% above the 20-session average, with KCB (KES 300.8mn) and Safaricom (SCOM, KES 225.1mn) the most traded. Foreign investors were net sellers at KES -506.5mn, 40.7% of turnover, led by disposals in KCB (KES -276.7mn) and Equity (EQTY, KES -149.1mn). Agricultural (+0.60%) and Insurance (+0.04%) were the only sectors to post gains among the twelve listed.
Away from the floor, Kenya Pipeline Company (KPC) reported a 13% rise in net profit to Sh11.58bn for FY2026 on 9% revenue growth to Sh43bn, with cash generated from operations up 34%. SBM Bank Kenya posted a 122% jump in nine-month profit before tax to Sh911mn, with deposits up 29% to Sh97.3bn and its non-performing loan ratio falling to 16.9% from 32.3%. Kenya Airways continues to court investors following a Sh45bn shareholder loan, with its turnaround strategy still under scrutiny.
- Turnover
- KES 887.10M +5.40% vs 20-session avg
- Foreign net
- KES −506.46M 40.7% of turnover
- Traded
- 56 counters 13 up · 36 down
- Market cap
- KES 3.33T all listed counters