Market brief

Session of 2026-10-29

NASI falls 1.14% as foreign investors sell KCB, Safaricom

The NASI closed at 244.72, down 1.14%, with the N20I off 0.59% and the Banking index down 0.72%. Breadth was negative, 28 decliners against 19 advancers of 55 counters traded. Turnover of KES 510.5m ran 18.5% below the 20-session average. Automobiles and Accessories and Investment were the session's weakest sectors, while Commercial and Services gained 0.54%. Gainers EVRD, KPC and SGL rose between 9% and 10%, while CGEN, CTUM and SLAM led losses. Foreign investors were net sellers at KES -168.4m, 43.9% of turnover, with KCB (KES -105.1m) and Safaricom (KES -60.3m) the largest outflows; these two also topped value traded alongside EQTY.

KenGen (KEGN) reported full-year profit after tax down 1.2% to Sh10.35bn despite a 6.4% rise in revenue to Sh59.7bn, after stepping up capital spending to Sh15.5bn and trimming borrowings by Sh12.2bn to Sh97.1bn. Two REIT structures disclosed interim payouts: Africa Logistics Properties' first REIT distribution of Sh120.9m, and TRIFIC Green USD I-REIT's Sh96.6m distribution funded by its promoter rather than rental income, with NCBA Bank Kenya as trustee. SACCO sector assets rose to Sh1.21tn as the Cabinet Secretary pressed for stronger governance.

Turnover
KES 510.48M
-18.50% vs 20-session avg
Foreign net
KES −168.39M
43.9% of turnover
Traded
55 counters
19 up · 28 down
Market cap
KES 3.22T
all listed counters

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