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